Bagshot Dev Brochure

Page 1

BAGSHOT MANOR

1 GREEN LANE, BAGSHOT, SURREY GU19 5FP 1

Introduction

Bagshot Manor is a residential development, completed in February 2022. It is the result of an ambitious scheme that has converted an existing commercial property into a modern mix of one-and-twobedroom apartments.

The development is set in a quiet and leafy residential district in Bagshot, Surrey. It lies just 300m from the A322, and less than 900m from the nearest junction of the M3. This makes it an exceptionally convenient base for commuters: central London is less than 45km to the east, and many other employment hotspots are considerably closer still.

Like many districts of Britain, Bagshot is characterised by an insufficient supply of good, modern homes, which means that local rental demand is robust and reliable. The property is already over 75% tenanted and the developer will take responsibility for ensuring full occupancy. Consequently, as the newest and most striking development in the area, it promises low risk, dependable yields and excellent potential for continuing capital growth.

Details • A new residential conversion scheme • Completed: February 2022 • 79 apartments • A mix of studios and one- and two-bedroom apartments • Backed by a 10-year warranty • 250-year leasehold • £0 ground rent • Prices from £190,000 Contents Introduction 3 Bagshot and Surrey Heath ............................................ 4 Transport and Connectivity 5 Local and Regional Regeneration............................. 6 Bagshot: Quality of Life 7 The Property Market 8 The Development............................................................... 9 The Appartments 10 Floor Plans ........................................................................... 12 Summary 15 32

Bagshot is a small village in Surrey Heath, and part of the civil parish of Windlesham. It is situated on the edge of London’s protected greenbelt and, consequently, much of its surrounds are pleasantly undeveloped: farmland, a nature reserve, golf courses and open land owned by the Ministry of Defence.

But despite its rural feel, the village makes an excellent base for workers in this, Britain’s most economically productive region. With London just a short way to the east, and with some of the country’s leading universities and research centres in convenient driving distance, Bagshot could hardly be better situated for tenants in working in highgrowth, higher-value industries.

In addition, however, the village also affords excellent access to recreational spaces and facilities. Nearby are several golf and tennis clubs, a leisure centre and a wealth of nature reserves, parks and outdoor activity centres.

Neighbouring towns

Bagshot and Surrey Heath Transport and Connectivity

Bagshot is not only geographically close to London and other important destinations; it also has well-developed transport infrastructure that makes travel quick, easy and accessible.

For example, the nearest junction of the M3 is well under 500m from the property, so motorists have no trouble getting onto the local highway network. The M3 connects with London’s M25 ring-road just 11.5km away to the east. Meanwhile, the nearest junction of the M4, which runs between London and Bristol, lies just 15km to the northwest.

Similarly, the village has its own railway station, which lies just 600m from the junction of Green Lane and Whitmoor Road. Consequently, passengers don’t have to travel to another village or town to make their rail connections; South Western Railway services are within easy walking distance.

Even air travellers are well served here. Heathrow is located only 20km to the east but nearer still is Blackbushe Airport. This small provincial airport has facilities for helicopters and light aircraft, and is popular for private domestic transfers into central London, the Thames Valley and more widely across the south of England.

Transport Infrastructure

M3 Motorway (J3) 0.5km

Bagshot Railway Station 0.6km

Farnborough Airport (commercial) 10.5km

Blackbushe Airport............... 11.5km

Heathrow Airport 20km

Railway Services

services run to major

including:

Aldershot

Guildford

Farnham

London

• Ascot 5 km • Farnborough 9 km • Woking ...................................... 10 km • Aldershot ................................. 14 km • Windsor .................................... 14 km • Guildford .................................. 15 km • Slough 18 km • Maidenhead 18 km • Reading 23 km
Local
destinations
• Ascot •
Waterloo (2 trains daily) HEATHROW AIRPORT BAGSHOT ALDERSHOT WOKING BASINGSTOKEFARNBOROUGH GUILDFORD ASCOT READING SLOUGH MAIDENHEAD WINDSOR BLACKBUSHE AIRPORT Surrey Hills (AONB) Hankley Common National Trust Witley & Milford Commons Chiltern Hills A331 A322 A404 A38 A31 A31 A3 A30 A3 A243 A24 A240 A4 A40 A406 A316 A308 A3 M3 A404(M) A329(M) M25 M25 M4 4 5

Local and Regional Regeneration

Key targets of the county council’s economic development strategy for 2030 include:

• +19% growth in GVA

• Increase gigabit digital coverage to 40%

• 5% of active businesses to be high-growth businesses

High-growth sectors include:

• Automotive

• Creative and digital

Surrey is currently witnessing high levels of inward investment, but in terms of economic growth, it is already starting out from a high base. It is one of the UK’s most affluent counties and has an economy worth around £44 billion.

Residents are typically much more economically active than elsewhere in the country, and earnings are higher. The local county council notes that “Surrey has a higher proportion of its population in higher-status occupations than the country as a whole,” and that earnings are around 22% higher than the UK mean. GVA per person stands at £34,070, which is higher than almost anywhere else in Britain outside of London. This all provides a strong foundation, and helps to maintain the relative affordability of property, which is typically priced well above the UK average.

However, the county is still working hard to deliver further growth, and many of its current projects have important implications for population, employment rates and, consequently, demand for property.

“Surrey is one of England’s most productive county economies. Home to world-leading academic and corporate R&D and some of the UK’s leading businesses, we offer excellent connectivity … a highly skilled workforce and a superb quality of life.”

SURREY COUNTY COUNCIL “2030: OUR ECONOMIC STRATEGY STATEMENT”

• Green/sustainable industries

• Health and life sciences

• Professional and business services

• Technology: electronics, space and satellite, telecoms etc.

Key drivers of local regeneration include:

• Surrey County Council’s capital and infrastructure programme (£1bn)

• New digital connectivity schemes (£171m)

• Highways revitalisation schemes (£115m)

• Sustainable transport measures (£50m)

• Creation of new development sites and commercial estates (various)

Bagshot: Quality of Life

Local attractions:

• Lightwater Country Park 0.7 km

• Windlesham Golf Club 1.1 km

• Bagshot Tennis Club ......... 1.4 km

• Vicarage Road Swinley Forest........................ 1.5 km

• Swinley Forest Golf Club 3.4 km

• Barossa Nature Reserve 4.5 km

• Go Ape Bracknell 4.8 km

• Coral Reef Waterworld .. 5.0 km

• Chobham Common Nature Reserve .................... 5.5 km

• Ascot Race Course 5.9 km

• Trampoline Park 7.0 km

• Swan Lake Park & Garden 8.4 km

• Windsor Great Park 8.5 km

• Thorpe Park Resort 13 km

In many parts of the UK, there are strong correlations between income and wellbeing. That’s certainly true of Bagshot and the wider county. Average earnings are well above the UK average and so too are many measures of health, education and general satisfaction.

InvestInSurrey writes that the county “is the most tree-covered area in the UK and (was) recently named top of … the UK’s Vitality Index.” In 2021, it was also crowned the best place to live in the South East by The Sunday Times.

Surrey also has the country’s highest population of people educated to NVQ Level 4 or higher, and it ranks in the UK’s top 3 for the highest proportion of workers employed in professional occupations.

The county is home to more than 350 primary and secondary schools, which rank as some of the best in the country.

Open spaces:

• Hankley Common 20 km

• National Trust Witley & Milford Commons 22 km

• Chiltern Hills AONB.............. 25 km

• Surrey Hills AONB 28 km

• South Downs National Park 30 km

• North Wessex Downs AONB

35 km

“From Michelin-starred eateries to small cafes and bars, the bustling towns and villages in Surrey will spoil you for choice. Aside from the fantastic shopping, Surrey is a great place to visit for amazing sights and history.”
INVESTINSURREY
...........................................
6 7

The Property Market

Strong demand for property is driven partly by a fast-growing population. Local planners suggest that the county-wide population will increase by around +11% over the next 25 years, “reaching 1,309,500 by 2041.” Between now and then, an estimated 150,000 additional residents will be needing homes in Surrey.

Quality of life undoubtedly plays an important role in attracting newcomers to the region, and so too do local employment prospects. Unemployment rates here are well below both the UK and South East regional averages, and there is particularly strong demand for jobs in well-paid sectors such as accounting, healthcare, business development, software development and programming. The presence of some excellent schools, colleges and universities is another welcome bonus for residents.

demand is rising steadily, property supply in Surrey Heath is relatively constrained. One important reason for that is the greenbelt surrounding the village, which makes it difficult to secure consents for new developments.

resulting combination of growing population, strong demand and restricted supply has driven capital and rental values ever higher.

Average residential value

Average residential value

annual price growth

gross rental

The Development

Complete and already tenanted, Bagshot Manor is a striking modern development set in a very desirable residential district.

Featuring open plan layouts and top-quality fittings, the apartments suit discerning tenants who value high specifications, an attractive environment and an exceptionally convenient location.

Comprising 79 apartments – a mix of studios and one- and two-bedroom apartments – it offers residents:

• Beautifully landscaped communal gardens

On-site parking; 1 place per apartment

Dedicated cycle storage

Secure access system

• Population (Surrey Heath) .................................... c.89,000 1 • Population (Surrey) c.1.2 million 2 • Population growth forecast (county) +11% by 2041 3 Sources: 1. Enterprise M3 (local economic partnership) 2. ONS 3. Surrey County Council
While
The
(Bagshot) ................................................. £432,775 (all types) 4 •
£184,000 (flats) 4 • Average
+8.4% 5 • Average
yields * ........................................ +4% 5 • Average annual rental growth (South East)......+7.7% 6 Sources: 4. Zoopla (Sept. 2022) 5. LiveYield (Sept. 2022) 6. HomeLet Rental Index (Jul. 2022)
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The Apartments

Built

Fittings and appliances

energy efficient,

to the latest standards for safety and energy efficiency, the apartments are ideal for those who value a convenient location, stylish living and low running costs.
in the kitchens and bathrooms are sleek and
as is the modern lighting. All this, plus excellent insulation and glazing systems, helps to keep energy costs to a minimum. The apartments promise: • Open plan designs that make excellent use of daylight • Stylish kitchens with high-quality built-in appliances • Sleek bathroom suites • Light, neutral colour palettes • Low energy costs • A choice of sizes and layouts 10 11

Floor

First floor

Post boxes Cupboard de stairs CPD WM WM WM WM WM WM WM WM WM W M M M FLAT 24 FLAT 23 FLAT 22 FLAT 21 FLAT 20 FLAT 19 FLAT 18 FLAT 17 FLAT 16 FLAT 15 FLAT 1 FLAT 2 FLAT 3 FLAT 4 FLAT 5 FLAT 6 FLAT 7 FLAT 8 FLAT 9 FLAT 10 FLAT 11 FLAT 12 FLAT 13 FLAT 14 FLAT 25 FLAT 26 FLAT 27 FLAT 28 FLAT 29 WM WM WM WM WM WM WM by Flat Lobby for Flat 79 Lobby for Lobby Lobby for Flat 40 Lobby for Lobby for Lobby for Flat WM FLAT 30 FLAT 31 FLAT 32 FLAT 33 FLAT 34 FLAT 36 FLAT 37 FLAT 38 FLAT 41 FLAT 42 FLAT 43 FLAT 44 FLAT 45 FLAT 46 FLAT 47 FLAT 48 FLAT 49 FLAT 50 FLAT 51 FLAT 54 FLAT 55 FLAT 56 FLAT 57 FLAT 58 FLAT 59 FLAT 60 FLAT 61 FLAT 62 FLAT 63 FLAT 64 FLAT 65 FLAT 66 FLAT 67 FLAT 68 FLAT 70 FLAT 71 FLAT 72 FLAT 75 FLAT 76 FLAT 77 FLAT 78 FLAT 35
Ground floor 25 x 1-bedroom 30 – 50 m2 2 x 1-bedroom studio 33 – 36 m2 1 x 1.5-bedroom ....................................... 49 m2
Plans 30 x 1-bedroom 31 – 49 m2 7 x 1-bedroom studio 32 – 39 m2 4 x 2-bedroom ................................ 46 – 75 m2 12 13

Summary

Why Bagshot?

Why Bagshot Manor?

W FLAT 43 FLAT 42 FLAT 40 FLAT 45 FLAT 46 FLAT 47 FLAT 48 FLAT 49 FLAT 52 FLAT 53 FLAT 55 FLAT 58 FLAT 59 FLAT 60 FLAT 61 FLAT 62 FLAT 63 FLAT 64 FLAT 65 FLAT 66 FLAT 67 FLAT 68 FLAT 69 FLAT 74 FLAT 73 FLAT 76 FLAT 77 FLAT 78 FLAT 79 FLAT 31 FLAT 32 FLAT 33 FLAT 34 FLAT 35 FLAT 56 FLAT 57 FLAT 39 FLAT 37 FLAT 36 FLAT 44
The properties are now complete and ready-tenanted. Bagshot Manor offers a choice of attractive, modern apartments in a village where average values are rising steadily. For investors seeking a proven record of strong demand and capital appreciation, this is a rare and attractive opportunity.
• Part of a large and successful county economy • Major investments currently ongoing • A fast-growing population • Exceptionally strong rental demand • A strong record of capital growth
• Complete and already income-producing • Competitively priced for market launch • Stylish new units, ideal for commuters and busy professionals • Set in a village where good quality homes are scarce • Excellent capital growth potential Second floor 7 x 1-bedroom 32 – 50 m2 1 x 1-bedroom studio 38 m2 14 15

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