This thriving town in Hampshire continues to evolve and develop to continually create a place that everyone could call home; first time buyers, investors, families, professionals and retirement, there is literally something for everyone, but could you see a future in Farnborough? We asked our Branch Manager, Steve Panther, for his take on this unique town.
As a town, Farnborough has a vast array of attractive elements to meet the needs of the varied demographics. Everyone living here has a basic, core reason for buying, and the most common ones are;
– The need for good schools
– The need for a fast main line train station
– The need for good road links
– The need for a profitable investment property
Farnborough fulfils each of those critical requirements, along with many more.
When it comes to schools, our local infant, junior and secondary schools have outstanding ratings, along with two exceptional grammar schools. For the older children, there is outstanding tertiary education in the form of the award winning 6th form College and The Farnborough College of Technology that now offers affiliated University status with Guildford.
An easy commute is of course a real selling point for the area, and is often the first appeal for buyers who work out of the area. Farnborough’s main line station offers a direct 35 minute service to London Waterloo, going the other way, a direct service to Southampton. Commuters from surrounding towns often drive past their own station to use the faster service that Farnborough main has to offer. The added draw for Farnborough is the second station, Farnborough North, which offers a direct service to Guildford, Gatwick and Reading.
In addition to the superb rail links, Farnborough is also well placed on the road network; the A325, A331, M3 (J4 & 4a) and the A31 are just some of the main roads close by.
That covers those that move into the area to travel out, but for those people working in traditionally more expensive towns of say Camberley, Farnham and particularly Guildford, the option of buying in Farnborough represents good judgement. The town is being regenerated and as developers like Inland Homes have shown, delivering a major regeneration scheme with a mixture of housing and apartments has proved very successful. Values in Farnborough have risen considerably underpinning the confidence of buyers investing in their own home but with the added benefit of representing good value in comparison with these other towns.
There is a consistent demand for property in the area, with a continual evolution of the business areas within and on the outskirts of the town; home to international businesses such as; TAG, Qinetiq, Fluor Oil and the BMW finance centre. These bring a professional workforce into the town, who require accommodation. This in turn presents a great investment opportunity, as these international companies present a nomadic workforce who don’t necessarily require a permanent base.
Farnborough is undergoing a large scale regeneration programme of the main shopping centre, creating even more potential jobs and residents. We are already experiencing a consistent high level of interest in property to buy or rent from those needing to settle in the area, owing to a job relocation.
Over the last 3-5 years, we have sold a number of new homes that have contributed to enhancing Farnborough’s status. The conversion of an 1890’s Convent building into 14 luxury apartments set a new benchmark for values, demonstrating that high-end values, usually aligned with London or Surrey market towns, can be achieved here, and the buyers and investors were indeed happy purchasers.
Another great example of the high demand in the area, would be Equinox place, a “built from new” apartment complex in the town centre. With both rail stations this development was a magnet for investors who bought to let to those who wanted to either walk to work, or to the station. An alternative audience flocked to Queensgate, in South Farnborough; a collective of houses and apartments. Here, the buying audiences was a wide demographic wanting the schools, along with attracting first time buyers and again, investors.
I am confident that Farnborough will continue to be an attractive proposition for any buyer. The simple fact is, that the value the town offers is exception in comparison to surrounding and traditionally more expensive areas. Having been born and raised, schooled and worked in Farnborough, for me, both personally and professionally, Farnborough continues to be an easy sale to anyone who might not have first considered the town.
If you’re considering a future in Farnborough and would like to find out more about properties currently available within the area, please contact our branch on 01252 375999 or e-mail firstname.lastname@example.org.