Bicester is a town that is undergoing a remarkable transformation right now. This one time sleepy Oxfordshire market town is being developed into one of the largest and most exciting towns in the county. Cheaper property compared to Oxford but just down the road makes Bicester a location property investors need to watch…
Why invest in Bicester?
Bicester is the location for one of the governments Gardentown projects.
Gardentown is a brand-new community with new houses, shops, public amenities, business space and park land. Bicester Gardentown is planned to have four new villages and several commercial developments. It could eventually provide 13,000 new homes and 18,500 jobs.
Elms Brook, the Northwest Bicester eco-town, is already in place and will eventually have 6000 futuristic zero carbon homes. Kingsmere is a new district with 1585. Graven Hill is the U.K.’s largest self and custom-built community, another exciting new concept that is helping to put Bicester property on the map.
Something that makes Bicester really attractive to buyers and property investors is it’s a great location, been just 12 miles from Oxford and minutes from Junction nine of the M40 offering fast links to London and Birmingham. Bicester has great train connections with two mainline railway stations at Bicester North and Bicester Village. There are regular services to Oxford, Banbury, Stratford-upon-Avon, Birmingham and London Marleybone.
Oxfordshire overall has high property prices but good news for property investors is that Bicester properties are much lower the nearby places at the average house price in Bicester currently £282,616 compared to a few miles away in nearby Oxford the average house price is £431,647!
On average Bicesters buy to let landlords enjoy a monthly rental income of over £1000 with the average rent currently £1012 PCM.
Bicester has a huge amount of investment potential and is only looking to increase it’s profit longevity with further expansions and improvements.