Is Dunstable and the surrounding area suitable for the Buy to Let investor ?

Over the past few months we have published various articles of interest to the Buy to Let investor who is asking if they should be considering Dunstable as an area that has potential.

Many people who drive through Dunstable and let’s admit it there are plenty, do not even realise that Whitbread the owners of famous brands such as Premier Inn, Costa Coffee & Beefeater have their Headquarters in here.

Another major employer is Honeytop. The baker which specialises in naan bread and other specialist bread products, is based in Dunstable and currently employs 900 staff. It announced in September that it was adding another 200 by the end of November.

Along with WH Smith and Superdrug these are just some of the many companies with a significant presence in Dunstable.

The recently opened Guided Busway between Dunstable and Luton has greatly improved commuting between the 2 towns and for those travelling to London 

The soon to be opened Incuba in Dunstable has been developed by Central Bedfordshire College in partnership with Central Bedfordshire Council and the European Regional Development Fund. Incorporated into the building are offices for small to medium businesses and an exhibition hall. At the recent Networking @ Dunstable breakfast meeting a number of local businesses announced that they had already applied for some space.

There are a number of vacant premises opening soon including the Double Coffee café which is soon to open as a wine bar, the Castle Book Shop which is to open as a supermarket and the derelict Winston Churchill public house which is undergoing redevelopment and will open as a large Indian Restaurant. In fact if you look above the shop level you will notice that some of the empty office space is being redeveloped into residential accommodation to accommodate the growing need for good quality living accommodation.

With recent data showing that the average house prices in Dunstable are 6% higher than 4 years ago and 5% higher than 2 years ago ( ‘rents and Property prices rising’ ) the potential for capital yield as well as rental yield for the Buy to Let investor is very attractive and combined with the above mentioned improved facilities Dunstable is beginning to look like a very attractive proposition.

If you are considering a Buy to Let investment and would like some advice please call into our shop at 18 Church St where we would be only to pleased to help you.