According to JLL this year Eastern England is set to become a major property investment hotspot, with the region predicted to see the joint greatest house price growth across the UK, matching Greater London and the South East . It has also been forecast that by 2020 The East will see the second greatest rises nationwide, as a lack of necessary development drives the growth, with demand far outstripping supply.
Less than an hour’s direct train into London Liverpool Street, Colchester is set to be one of the main towns that will witness significant demand. As new build development levels continue to fall short, savvy home owners will know that house prices are likely to rise significantly as a consequence.
City & Country, the Essex based heritage developer, has recently launched a new collection of properties on Colchester’s High Street. Located just metres from a wide range of shops, cafes, restaurants and bars, and just a short walk from Colchester Town train station, Angel’s Courtyard has been imaginatively created from a collection of historic buildings and former council offices which had fallen into a state of disrepair.
One and two bedroom apartments are situated around a gated, tranquil courtyard which has been beautifully landscaped. Many of the apartments boast outside space and views across the historic Dutch Quarter on to the rolling countryside beyond. Vibrant town centre living is seamlessly combined with outstanding build quality, contemporary specifications and access to excellent public transport.
Since launching, the properties have already proved popular with both owner occupiers and investors, and Suzanne Aplin, Director of Sales & Marketing at City & Country, believes home owners are set to benefit from the positive market conditions.
“For a considerable amount of time London and the South East has witnessed the highest demand for homes across the country. However, we are now seeing buying attitudes change, with a significant number of people discovering the wonderful lifestyle available in the East of England, plus the positive market conditions. Angel’s Courtyard is an ideal opportunity for those considering a quality property in the East, still within easy commuting distance to London. With local housing supply still way below targets, home owners are set to benefit from steady house price growth.”
Angel’s Courtyard is well served by excellent rail connections and is a short walk from Colchester Station, which offers frequent and direct trains to London Liverpool Street taking just 49 minutes. Chelmsford and Ipswich can be reached in less than 20 minutes. Colchester Town Station is even closer and provides local services to nearby towns including Frinton-On-Sea and Walton-on-the-Naze, plus a stopping service to Liverpool Street via Stratford.
The A12 neatly wraps itself around the northern approach to Colchester and provides easy access to all points east and west on the A120. The M25 can be reached via the A12 with London approximately 60 miles away. Stansted Airport is an hours’ drive away and a convenient departure point for leisure or business.
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