5 reasons why now is the time to invest in Bognor Regis… and number 5 might just seal the deal
With the housing market in full-swing again, and busier than ever since lockdown restrictions have eased, Sussex-based property lettings and management specialist PS&B is highlighting why now is the ultimate time to invest in Bognor Regis, West Sussex.
Regeneration: Thanks to over £1 billion of investment already secured or in the pipeline, the regeneration plans for Bognor Regis are well underway. Combine new roads, schools, industry, homes and a rapidly expanding leisure base, with a Business Improvement District (BID), and property prices in the town are only set to go one way…up!
Property variation: A few years ago, Bogor Regis’ reputation was that buyers only moved to the area to retire due to its flat coastal location and abundance of bungalows. Now, with thousands properties already being built, a further 5,000+ in the pipeline, as well as a number of great property restoration opportunities (perfect for those interested in the buy-to-let market), the town offers something to suit all budgets and requirements. From beach-front homes, exclusive private estates, large detached properties to modest semi-detached houses, flats, and of course bungalows, it really is a town that has it all.
Commercial opportunity: Thanks to the regeneration plans, the high street is fast becoming popular with independent retailers who are moving into the area and there are a multitude of commercial letting opportunities available. While a great boost for the local economy and for the community, it’s not just retail opportunities that are available. With strong economic growth potential, a convenient location with easy access to London and international airports and ports, coupled with an abundance of sites and premises available, it is ideal for business to locate to. Bognor Regis is fast growing a reputation for innovation and high-quality and, in the last few years alone, companies such as Rolls Royce have established a new state-of-the-art logistics centre in the town. Furthermore, the 70-hectare Enterprise Bognor Regis premier commercial development site has the potential to accommodate 150 businesses and provide 4,000 jobs in the near future.
Workplace environment: For digital and creative business owners, freelancers and people wanting to develop new business ideas, now is a great time to move to Bognor Regis. With more people working from home, and office space in surrounding Sussex towns coming in at a premium price, West Sussex County Council has recently invested £1million to convert part of the railway station into a creative office space. Aptly named The Track, it is set to open soon and offers shared and collaborative workspace for up to 150 people where businesses and freelancers can work, share ideas, network and access business support and training.
Lifestyle: With an average 1,902 hours of sunshine each year, Bognor Regis has long been awarded Britain’s sunniest spot to live. It offers a lifestyle choice to envy thanks to the South Downs National Park on your doorstep, secluded beaches, and an award-winning seafront with a Grade II listed pier, and green-flag parks.
Michael Barber, Director of PS&B, said: *“There is no doubt that Bognor Regis is changing rapidly and for savvy buyers who get-in-there early and invest smartly in the town’s property market, whether as a direct homebuyer, a buy-to-let investment, or a commercial letting to expand a business, they will certainly reap the financial benefits.
*“PS&B has been established in Sussex for almost 200 years and as such we really do know the county and it’s investment opportunities. We’ve seen how town regeneration projects affect the market and industry research has revealed that homes near regeneration zones attract an average 3.6% more price growth per year than properties in the wider local authority area. In summary, if you take the plunge and invest in Bognor Regis now, you won’t be disappointed.” *
This was posted in Bdaily's Members' News section by Gemma Hook .
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