Landlords, it’s worth noting that Norwich is to see improvements that may put the city on the radar for commuters looking for homes.
Now that changes are being made to the London to Norwich railway line, the city is becoming an even more viable option for workers looking to avoid living in the capital centre.
These changes, by train operator Greater Anglia, include the addition of thousands of extra passenger seats to its services. This will amount to 220 extra seats per train. New faster trains will also be introduced, cutting the journey down from one hour 45 minutes to 90 minutes.
This is great news for those looking for commuter-friendly housing that is more affordable than the capital city, and even greater news for property investors in the area.
The operator plans to spend £1.4 billion replacing its entire fleet with new trains by 2020.
Marc Langdon from Bidwell’s, has commented: “The rail improvements are great news for Norwich, making commuting easier, quicker and more comfortable. The shorter journey time to London will ensure that Norwich is on the map as an option for young professionals and commuters priced out of the property market in the capital.
“With the increase in flexible working, many people do not have to travel into the capital every day, so are willing to consider commuting a little further. The homes at The Bridge could not be more conveniently located; not only for Norwich station, but also everything that the city has to offer. Help to Buy is also available on the majority of the remaining apartments, giving would-be homeowners an added boost.”
With housing available within a five-minute walk from the train station, this could be a key area to invest in. Landlords looking to take advantage of the ever-growing number of London-commuter tenants may find it worth taking a look at property in the area and considering making an addition to their portfolios.