The average property price in London stands at £472,000 according to ONS figures, which would typically buy a small two-bedroom apartment in the zone two/three borders. For those who have had enough of London’s inflated prices, the same amount would buy a four-bedroom home at De Montfort Place by Storey Homes in Bedford, an easy commute from Central London.
Moving out of London to get more home for your money has been a prominent trend over the past few years, as London prices have continued to rise. In 2016, 74,000 homes were bought by Londoners leaving the capital, according to research by Hamptons International and this was a particular trend among families. The range of contemporary four and five bedroom houses currently available at De Montfort Place are ideal for growing families in search of a spacious home with good travel connections.
Thanks to high demand for quality homes in the area, there has been strong interest in the properties at De Montfort Place, with half of the first phase now sold. But considering the average price for a five-bedroom house in London is £1.49 million according to Rightmove, compared for £475,000 at De Montfort Place, it is easy to see how this represents good value. Even when adding in the cost of commuting, which is around £4,500 for a full annual season ticket from Bedford into London St Pancras, families find they are still better off living outside the capital.
Katy Jordan, Managing Director of Storey Homes, comments: “It is no surprise that home hunters can get more for their money by moving out of London, but this value gap has become marked in recent years. One of our main buyer groups so far at De Montfort Place is young professionals either who have started or would like to start a family and simply cannot sustain the London lifestyle any longer. Bedford is a great place for this demographic with lots going on, good schools and those all important London commuter transport links.”
De Montfort Place offers a range of property types ranging from one-bedroom apartments to five bedroom houses. Set in a tranquil, tree-lined streetscape, architecture is traditionally inspired with timeless red brick and render facades. The homes are due to be complete to move into in autumn 2017.
Inside every home, the interior design is well thought out and incorporates a high-quality specification that includes contemporary kitchens with a full range of integrated appliances and stylish units. The four bedroom homes are great for families, offering plenty of space inside and out, with parking spaces for two cars, as well as an enclosed rear garden.
The Melton is one of the four-bedroom house types with spacious living accommodation set over three floors, including an open-plan kitchen with a breakfast and family area, with French doors leading out onto the garden. The separate living room offers additional family space, and a cloakroom completes the ground floor. The first floor comprises two bedrooms with separate dressing areas and en-suite bathrooms. A further two bedrooms, study and family bathroom can be found on the second floor.
De Montfort Place is just over half a mile and an easy walk from Bedford Station. From here, transport connections into London St Pancras are fast and frequent, with a journey time of around 50 minutes. For travel by car, the M25 is just a few miles away and for journeying further afield, Luton Airport is around 40 minutes away.
Bedford itself is an attractive and convenient market town, offering an extensive range of retail and leisure facilities. Renowned as having one of the finest riverside settings, residents will be able to enjoy spending time along the River Great Ouse and its many parks and green spaces. Perfect for families in search of good education, independents schools such as Polam School are only minutes away, as is Bedford College for further education.