BLULIVING

bluliving bracknell

INVESTMENT MEMORANDUM

Introducing BluLiving, Bracknell This stylish residential development presents an exceptional opportunity to invest in a rapidly improving region.

bluliving bracknell

The image represents the full development potential subject to planning permission for the units on the roof.

Computer generated image

Executive Summary BluLiving Bracknell offers stylish town centre living in a regenerated Bracknell, the new hub of the South East.

The Development

Ergonomically designed studio to two bedroom apartments will embrace the best of modern living in harmony with sleek interior design and high quality finishing.

and work thereby increasing house prices. The population is expected to increase by 15% during the next 20 years pushing up demand for property and generating an increased pool of tenants (for apartment units in particular).

BluLiving Bracknell will contain 121 apartments arranged across three buildings. Community space and the level of interior design will make BluLiving Bracknell stand apart from other developments in the region. A dedicated social and community app for residents will double as a remote control for the exciting smart technology being implemented in the apartments.

House prices in Bracknell have been steadily increasing over past years and yet remain substantially lower than neighbouring towns such as Reading, Windsor, Sunningdale, Wokingham and Ascot. This provides an excellent growth opportunity and also makes the properties affordable to a larger market compared to properties in the neighbouring towns.

The prices at BluLiving Bracknell are excellent value for money considering their high specification and access to exciting amenities.

Investors will benefit from affluent tenants and strong rental income while also having the prospect of capital appreciation.

Growing demand for properties in the area and a limit to supply as a result of planning restrictions are also supporting house price growth and rental demand.

Why Bracknell?

Bracknell is transforming. Huge investment into the town is set to increase its catchment to 1 million by 2024. New facilities including the £240m Lexicon shopping centre and overall infrastructural development is making Bracknell more desirable as a place for people to live

At A Glance

What is BluLiving?

BluLiving is not just a brand it is a concept.

Each BluLiving development is governed by four guiding principles (see opposite).

BluLiving will also embrace technology with its ambition to build a brand with a dedicated social and community app for residents at each development.

of Bracknell driving increased property demand population will create demand for property and rentals n Limited supply of land for development and planning restrictions supports house price increases n One of the last projects granted rights to change use from office to residential in Bracknell n Strong rental demand for apartment properties n BluLiving lifestyle brand will underpin project value n Prices significantly lower than comparable properties in nearby towns n Bracknell’s catchment has increased from 250,000 to over 750,000 in the past year alone

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Indicative lifestyle photography

Deal Summary The properties at BluLiving offer an interesting and unique opportunity for discerning investors.

The Development n Studio

Computer generated image of barbecue area

Computer generated image of outdoor gym area

to two-bedroom apartments n High quality interior designed specification n On-site porter & concierge n Secure gated community with CCTV n Landscaped grounds n Outdoor community garden containing gym, barbecue area and table tennis hub n Residents’ social and concierge app

Investment Profile & Returns

A fully managed armchair investment returns n Mortgage typically funded through rental income n Strong capital growth opportunity n Growing location n Undervalued compared to surrounding towns n

n Steady

studio to three bedroom apartments bluliving bracknell

The image represents the full development potential subject to planning permission for the units on the roof.

Computer generated image

MAIDENHEAD

6KM

READING

M4

W WARFIELD ELD B3034

Hayes

Slough

M25

M4

Windsor

Twyford D FOREST ROA

Uxbridge

Burnham

WEST END

Reading

5KM

Heathrow

A4

M4 A4

Richmond A30

WARF IELD

BINF IELD R

OA D

B3034

STR E

ET

50km

45km

40km

35km

35km

30km

25km

20km

M4

NEWELL GREEN

4KM

A316

Bracknell 15km

10km

5km

Wokingham

10km

Ascot

15km

20km

35km 35km

M3

M25

40km

A308

Weybridge

45km

50km km

55km

Kingston Upon Thames

A3

M3

Chobham 3KM

Byfleeet

A3

W AY

Cobham M3

Woking

M25

RV

MP LE

HA

TE

BAYBROOKE PARK

ID E

2KM FI

N

BI

NEWBOLD SCHOOL

Farnborough

TR ES

NEWBOLD COLLEGE

A3

30km

M3

Sunningdale

RID E

25km

Virginia Water

HARVEST RIDE

HARVE ST

Twickenham

A308

A322

TEMPLE PARK

Central London

Old Windsor

M4

Location Bracknell

D EL AD RO

GH AM R

bluliving

D

SANDY LANE PRIMARY SCHOOL ROAD FIELD WAR

WO KIN

1KM

bracknell

GARTH HILL COLLEGE

AM RD

MAXIS

WOKINGH AM RD

HONDA (UK)

3M UK

HONEYWELL

VODAFONE

WOKINGHAM IRE KSH BER

WAY

BERKSHIRE WAY

WAITROSE HEAD OFFICE

NE LA

BRACKNELL BRA CKNE NELL EL

A3 0

95

L IL

LAN E

HOLLY SPRING PRIMARY SCHOOL A329

BRACKNELL WOKINGHAM COLLEGE

BRACKNELL FOOTBALL CLUB

BRACKNELL STATION

A329

M

PEA CO CK

PEEL CENTRE

A329

AVIS GROUP

THE LEXICON BRACKNELL

PRINCES SQUARE

BluLiving Bracknell is excellently located to benefit from Bracknell’s facilities and connections.

AD RO

A3 2

HYDRO SYSTEM EUROPE

E AN DL OA BR

ASCOT

RANELAGH SCHOOL BROAD LANE A3 2

2

FUJITSU

in order to shave just 10 minutes off a London commute. In any event, most BluLiving Bracknell residents are likely to work in one of the many businesses nearby.

Bracknell Train Station is also accessible on foot and has direct trains to London, Reading, Wokingham, Ascot, Staines and Richmond amongst others.

Access to London from BluLiving Bracknell is excellent by both road and public transport.

Situated on Wokingham Road, the development is well located to provide access to both the M3 and the M4 which can be reached in under 10 minutes. There are a number of excellent schools in Bracknell and additionally, the top prestigious schools of Eton, Wellington College, Bearwood College and St Georges Girls School in Ascot are all within 30 minutes’ drive.

Bracknell offers access to London Waterloo in a little under one hour, just 5-10 minutes longer than Crossrail from Reading when it opens. With substantially lower house prices in Bracknell, you have to ask if it’s worth paying the extra £200 per sq.ft (equivalent to circa £66,000 for one of the smaller properties at BluLiving) to live in Reading

FUJITSU TECHNOLOGY SOLUTIONS BAGSHOT RO

WILDRIDINGS PRIMARY SCHOOL

HONEYWELL PROCESS SOLUTIONS

BluLiving Bracknell is centrally located in Bracknell town centre with both the new Lexicon Centre and the area’s largest employers such as Waitrose, 3M and Hewlett Packard within walking distance.

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WINCOR NIXDORF

DELL

D PE IM SK

ODEON CINEMA BRACKNELL

RK PA

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ABSOLUTELY FITNESS

N LL HIL

THE ELMS

MARKS & SPENCERS

WAITROSE

TEKTRONIX (UK)

HP HPE

MILLENNIUM WA Y

RD

GH

RC H

WO KIN

MILL PARK

AD

FOX HILL PRIMARY SCHOOL

MI

BRACKNELL LEISURE CENTRE

Bracknell sits at the epicentre of some of the most desirable towns and villages of Surrey and Berkshire with Ascot, Windsor, Sunningdale, Virginia Water, Reading and Wokingham all within 10 miles.

LL NE LA

GREAT HOLLANDS PRIMARY SCHOOL

IL L SH

Nearby Amenities

Walking Distance

A RO

D

Driving / Public Transport S HI

LL R OA D

Bracknell Train Station

15 mins

4 mins / 5 mins

Lexicon Centre

15 mins

EASTHAMPSTEAD AS A STH HA AM MP PHospital ST AD(Frimley Park) 3 mins / 3 mins EA

Theatre (South Hill Park)

Walking Distance

Driving / Public Transport

-

7 mins

-

25 mins

Supermarket

18 mins

5 mins / 5 mins

Airport (Heathrow)

-

30 mins

Petrol Station (BP)

5 mins

1 mins

Ascot Racecourse

-

10 mins

Cinema

13 mins

2 mins / 7 mins

Coral Reef Waterworld

-

9 mins

Golf Course

-

12 mins

Primary Schools

10 mins

3 mins

Parks

14 mins

2 mins

Secondary Schools

20 mins

3 mins

Gym

7 mins

2 mins

Motorways (M4)

-

10 mins

Source: Google maps

Bracknell & Wokingham College

Heathrow Airport

Bracknell Train Station

bluliving bracknell

Bracknell: The New Hub of the South East Bracknell is being transformed. Existing and continued regeneration in Bracknell has created an appealing town in which to live or work.

Over the past five years a brand new town centre, the Lexicon, has emerged. The £240 million, state-of-the-art shopping centre and leisure facility has been developed by the Bracknell Regeneration Partnership which is 50% funded

by Legal and General.

The Lexicon is home to luxury brands including Fenwick, Hotel Chocolat, Pandora, Joules, Waitrose, Charles Tyrwitt, Carluccios and Superdry.

Its development and further regeneration of the Bracknell Forest region will increase Bracknell’s catchment to 1 million people by 2024.

Further infrastructural and regeneration activities are also being undertaken across the borough with an investment of £768 million. It is one of the largest urban regeneration schemes currently being built in the UK. Bracknell is also known as the Silicon Valley of the UK. It is home to tech giants including Vodafone, Hewlett Packard, Fujitsu, Dell, Epicor, Hitachi Data Systems, Panasonic, Honeywell, GE and Cisco Systems.

Bracknell is expected to increase by 15% during the next 20 years and will provide strong demand for property in the region.

“

The new retail and leisure destination will create a vibrant heart to the already thriving town and provide a town centre that local residents can be proud of and a new destination for people living in the wider area Simon Russian, Legal & General Development Manager

”

Bracknell At A Glance n £240 n n n n n n n n n

million new town centre development: The Lexicon £768 million of infrastructure and regeneration investment UK’s Silicon Valley Bracknell’s population to increase by 15% during next 20 years Bracknell’s catchment to increase to 1 million people by 2024 Planning restrictions on change of use from office to residential Limited council SANG allocations will minimise new homes approvals Desirable neighbouring towns: Ascot, Reading, Wokingham and Windsor Near major motorway junctions and train station with good links Affluent area with income and expenditure exceeding the UK average

Considering its excellent transport links, there are also a number of other large UK and multinational corporates who have chosen Bracknell as the home for their headquarters or key offices including 3M, Waitrose, Avis, Vodafone, Syngenta, Honda UK, Nielsen and HiFX. These large businesses have drawn people to the town in search of employment for many years, but with the increased desirability of the newly regenerated Bracknell those people working here are increasingly likely to elect to live here too.

The increasing appeal of Bracknell as a destination is the primary driver behind the projections for huge population growth in the district. The population of

bluliving bracknell

The Lexicon, Bracknell

Housing Market Bracknell’s housing market has performed well over the past years but still offers room for growth due to Bracknell’s increasing desirability and a future shortage of housing stock.

200000 150000 100000 50000

Superdry, The Lexicon

Hewlett Packard

Vodafone

Dell Office

Waitrose

3M UK

Peel Center

The Lexicon

2017-10

2017-08

2017-06

2017-04

2017-02

2016-12

2016-10

2016-08

2016-06

2016-04

2016-02

2015-12

2015-10

2015-08

2015-06

2015-04

2015-02

2014-12

2014-10

2014-08

2014-06

2014-04

2014-02

0

This will serve to increase demand for the already limited housing stock that is within walking distance of Bracknell’s key amenities.

Honda

house price growth during last 5 years to future development supply as a result of Article 4 and SANG limitations n House prices lower than comparable properties in surrounding towns n Regeneration of Bracknell supporting increasing demand n Limits

250000

2013-12

With the diminishing office and industrial floor space, Bracknell Forest Council has issued an Article 4 restriction preventing future change of use from office commercial to residential for the immediate future in the Western, Southern and Eastern business districts that surround the Lexicon.

n 50%

Figure 2: 5 Year Growth in Average Apartment Price in Bracknell (Dec 2012 - Nov 2017)

2013-10

Equivalent Prices £283,000 £320,000 £390,000 £350,000 £325,000 £485,000 £325,000 £761,000

2013-08

Town Distance BluLiving, Bracknell 0 miles Reading 3.5 miles Ascot 5 miles Sunningdale 7.5 miles Slough 8 miles Virginia Water 9 miles Windsor 10 miles London (Hammersmith) 37 miles

2013-06

The significant investment into Bracknell has not only made it more appealing to people as a place to live, but it is also serving to attract new businesses to the town.

Figure 1: Price Comparison: 2 Bedroom Apartments

Market Snaphot

Bracknell Forest Council is also running short of council allocated Suitable Alternative Natural Greenspace (SANG). This space is required to be created for increased housing supply to reduce pressure on Special Protection Areas. As the council allotted SANG space is in short supply this will severely restrict further small to mid-scale future development planning approvals with priority likely being allocated to affordable projects.

2013-04

Compared to surrounding regions, the house prices in Bracknell are substantially lower providing excellent growth prospects.

Limited supply of new homes is typically a driver of capital growth. A Section 4 change of use restriction in combination with SANG limitations may limit further town centre development for residential projects not already granted planning permission in Bracknell.

2013-02

There is a supply shortage of housing to meet the growing demand for property in Bracknell and its surrounds. The shortage of property combined with the increasing desirability is causing a steady climbing of property capital values. (See Fig. 1)

Future Development Supply

2012-12

The housing market in Bracknell Forest has showed a steady growth during the past 5 years (Dec 2012 – Nov 2017) with prices for apartments and maisonettes having increased in excess of 50% during that period. This steady and continued growth had all occurred before the opening of the Lexicon in late 2017. Common sense would suggest that the new facilities and infrastructure will likely support significantly higher price growth over the coming years. (See Fig. 2)

bluliving bracknell

bluliving BLOCK 2

The Development: BluLiving Bracknell BluLiving Bracknell is changing the face of Bracknell to create a new residential community which will bring neighbours together as friends.

bluliving BLOCK 1

bluliving BLOCK 3

BluLiving Bracknell apartments are located just walking distance or a short bus ride from Bracknell’s brand-new town centre, anchored by The Lexicon, which is home to luxury brands, exciting restaurants and open courtyards.

BluLiving Bracknell is a development of 121 studio to two-bedroom apartments designed to create an exciting and vibrant residential community with ergonomically designed outdoor areas with gym and barbecue, a private on-site porter / concierge.

The apartments are divided across three buildings in a horseshoe arrangement. The development will also embrace smart technology within the design and also in the provision of a dedicated BluLiving app designed to facilitate a true community amongst residents and owners.

The properties themselves have been designed to the highest specifications and the interior design combines sleek and modern design with tactile materials while ensuring each feature has ergonomic benefit.

A planning submission is currently under development for a further 29 properties after successful pre-application feedback was received.

At A Glance

n Located in Bracknell town centre n Professionally designed interiors

n 121 studio to two-bedroom apartments n Dedicated on-site concierge / porter

n BluLiving residents social and concierge app n Allocated parking

n Outdoor community garden containing gym,

barbecue area and table tennis

n Walking distance from The Lexicon and

Bracknell train station

n Bracknell’s largest employers within walking n

distance Zipato automation system

Development Plan The image represents the full development potential subject to planning permission for the units on the roof.

bluliving bracknell

Apartment 225

Indicative Floorplans These plans show typical studio, one and two bed layouts which are repeated throughout the three buildings.

75.7 sq.m - 814.8 sq.ft Two Bedroom Apartment Living / Kitchen 6.40m x 4.00m

21’0” x 13’1”

Bedroom 1 4.60m x 3.00m

15’1” x 9’10”

Bedroom 2 3.20m x 2.70m

10’6” x 8’10”

Ensuite (with shower)

2.10m x 1.50m 6’11” x 4’11” Bathroom 2.10m x 1.90m

6’11” x 6’3”

Apartment 120

Apartment 316

41.6 sq.m - 447.7 sq.ft One Bedroom Apartment

43.8 sq.m - 471.4 sq.ft One Bedroom Apartment

Living / Kitchen 7.10m x 3.10m

23’3” x 10’2”

Living / Dining 6.40m x 3.20m

21’0” x 10’6”

Bedroom 4.90m x 2.70m

16’1” x 8’10”

Kitchen 2.70m x 2.00m

8’10” x 6’7”

Bathroom 2.10m x 1.60m

6’11” x 5’3”

Bedroom 1 4.20m x 2.70m

13’9” x 8’10”

Bathroom 2.10m x 1.60m

6’11” x 5’2”

Apartment 128 65.5 sq.m - 705.0 sq.ft Two Bedroom Apartment Living / Kitchen 7.20m x 3.30m

23’7” x 10’10”

Bedroom 1 5.20m x 3.00m

17’1” x 9’10”

Ensuite (with shower) 2.10m x 1.50m 6’11” x 4’11” Bedroom 2 4.00m x 2.60m

13’1” x 8’6”

Bathroom 2.10m x 1.90m

6’11” x 6’3”

Apartment 321 31.0 sq.m - 333.6 sq.ft Studio Apartment Living / Bedroom

5.00m x 4.30m

16’5” x 14’1”

Hall

2.10m x 1.70m

6’10” x 5’7”

Bathroom 2.10m x 1.60m

6’10” x 5’3”

bluliving bracknell

Specification High quality specification with sleek and modern design will feature in the apartments at BluLiving Bracknell.

General n Tall

internal and entry doors n Suspended feature ceiling to kitchen with LED mood lighting and spot lights n Storage cupboard to hallway with utility controls, storage space, water tank and plumbed for washer / dryer n High quality oak engineered wood flooring throughout (except bedroom) n Luxury carpet to bedroom n Built in wardrobes to master bedroom n All windows are openable for natural ventilation

Lighting and electrics n Zipato

Zipatile video entry and home automation control system n White modern light switches n Suspended ceilings have recessed LED spotlights n Feature mood lighting between kitchen and living room n Designer wall lights to living room and bedroom n Sockets in crisp white with standard and USB ports to living and bedroom n TV and data points to living and bedroom

Kitchen & appliances n Fully

fitted Italian designer kitchens with integrated LED cupboard lighting; under counter sink and stainless-steel tapware n Silestone worktop with full height splashback n Dual tone lacquered handle-less soft close kitchen units and drawers nAmple storage and pan drawer nFitted SMEG appliances - Tall integrated fridge/freezer - Integrated dishwasher - ceramic hob - Integrated microwave - Built-in oven - Integrated telescopic hidden extractor

Bathroom n Fully

tiled bathroom floors and walls with Duravit bath incorporating overhead rain shower and hand-held shower n Ensuites with walk in rain shower and hand-held shower n Modern sanitary ware n Duravit floor standing white WC with concealed cistern n Geberit chrome flush plate to toilets n Modern branded taps and shower fittings n Underfloor heating n Electric heated towel rails (in main bathroom) n Vanity unit with mirrored storage n Shaver socket n Bathrooms

All images on opposite page are taken from the show apartment Disclaimer: Specification details are for general guidance only and the developer reserves the right to subsititute any material or item for an alternative of equal or superior quality. For a more detailed specification of your chosen property, please ask the Sales Advisor. This is a guide and may be subject to change.

bluliving bracknell

Rental Opportunity The apartments at BluLiving Bracknell offer an exceptional opportunity for buy-to-let investors.

Conservative Estimated Rental Rates

The properties at BluLiving Bracknell will command a sensible rental price. Conservative estimates by Romans Estate Agent are as follows: Monthly Rent

Annual Rent

Studio

£850.00

£10,200.00

One Bedroom Apartment

£900.00

£10,800.00

Two Bedroom Apartment

£1,200.00

£14,400.00

Three Bedroom Apartment

£1,550.00

£18,600.00

In the south east region as a whole, rentals are typically two index points ahead of those of the entire UK. Rental rates in the south east have grown by 17.6 index points during the last 7 years (to Jan 2018). (See Fig 1).

Figure 1: Index of Private Rental Prices - South East 120

115

There is a shortage of rental supply in Bracknell, in particular for apartments, which will benefit buy-to-let owners at BluLiving Bracknell. An increased supply of new homes will help to meet the increased demand yet will not saturate the market. Typically, local estate agents have approximately 200 prospective tenants on their books at any given time which is not even close to meeting the supply of properties in the area.

There are also opportunities for corporate lets from one of the many small and large businesses that have made Bracknell their home.

110 105 SOUTH EAST

GREAT BRITAIN

2018

2017

2016

2015

2014

100

2013

Bracknell has become a more desirable town in which to live owing to the regeneration both undertaken and planned. This increased desirability is reflected in both rental demand and rates. With the population expected to increase by 15% (almost 19,000 additional people) during the next 20 years this will add further demand for rental properties.

2012

Rental Market

2011

Property Type

Rental Rates and Growth

The increasing appeal and regeneration of Bracknell is likely to mean that rental rates should increase at a faster rate than the wider south east.

Currently rental rates for different apartment types vary quite substantially (See Fig 2.)

Owing to its high quality specification and direct vicinity to Bracknell’s new centre, BluLiving rental rates will be at the top of, or in excess of, this range. There will still be plenty of room for increases over the coming years owing to natural price inflation and as the desirability of the town further increases.

Figure 2: Current Rental Price Range per month In Bracknell (as at March 2018) Property Type

From

To

Current Supply (March 2018)

Studio apartment

£675.00

£675.00

3

One bedroom apartment

£700.00

£979.00

26

Two bedroom apartment

£875.00

£1,300.00

28

Three bedroom apartment None currently on market

0

Source: Rightmove (accessed 01.03.2018)

bluliving bracknell

Indicative lifestyle photography

Purchase Illustration This illustration is a medium-term hold with a buy-to-let mortgage based purchase with 60% LTV and including a rental management solution and income.

This project is under development and shall complete in early 2019. This is an indicative illustration for the purchase of a studio apartment with a mortgage as set out herein, noting that mortgage products available may vary and are subject to status.

DETAILS

Purchase Price (GBP) Investment Period (Years) Time to Completion

£185,400 5 1

INVESTOR OUTLAY - EQUITY INVESTMENT & COSTS Deposit Payment / Unmortgaged Amount Purchase Costs (Stamp Duty, Legal Fees & Mortgage Arrangement Costs) Total Capital Outlay

£74,160 £7,240 £81,400

MORTGAGE (from Completion)** LTV Mortgage Interest Rate Mortgage Term (years) Borrowed Amount Interest Due Over 5 Year Investment Period Principal Due Over 5 Year Investment Period Gross Mortgage Due Over Investment Period Monthly Payments of

60% 3.70% 30 £111,240 £19,599 £11,122 £30,721 £512

RENTAL PROFILE (from Completion) Gross Monthly Income Gross Annual Income (assuming no vacancy) Gross Return (based on Total Capital Outlay assuming no vacancy) Total Gross Income over Operable Period

£850 £10,200 13% £40,800

ALTERNATE PROFIT FORECAST: Capital Growth Rate (Based on historic housing performance)* Sales Value after 5 year Investment Period Debt (borrowed amount - principal repaid) Equity in Property after 5 year Investment Period Surplus Rental Income TOTAL CAPITAL BACK AFTER INVESTMENT PERIOD Profit Return on Capital (%) Compound Annual Growth Rate

3% £221,377 £100,118 £121,259 £10,079 £131,338 £49,938 61% 22%

* Growth rates are based on historic performance in Bracknell during 2007 - 2017 according to Land Registry Data ** Mortgages are subject to status and varying terms will apply subject to the individuals position This purchase sample is indicative only and is not intended to act as financial or investment advice and purchasers must satisfy themselves as to the suitability of any investment to their own personal circumstances. It cannot be guaranteed that rates and offers used to calculate this model would be available to individual purchasers.

bluliving bracknell

Computer Generated Image

Exit Strategy Bracknell is an increasingly popular location for first and second home purchasers with the regeneration of the Bracknell Forest Region as a whole expected to generate increased demand over the coming years.

BluLiving Bracknell is strongly positioned for the first-time buyer market. In Bracknell first time buyers invested an average of £287,364 in a property, positioning the BluLiving apartments nicely around this bracket and creating affordable options for the existing demographic. This also gives some room for the prices to increase at BluLiving and still be within reach of the average local first-time buyer.

Absorption

Properties are on the market for an average of 117 days in Bracknell1. One, three and four bedroom properties sell most quickly in under 132 days followed by two-bedroom properties in 113 days while properties with more than five bedrooms take over 175 days to sell.

This clearly indicates a demand for smaller properties. During the last oneyear period for which data is available (September 2016 – September 2017) 1,819 properties were sold, an average of 152 properties per month.

On average, there are approximately 850 properties on the market at any given time in Bracknell with typically 25% of these properties being apartments. BluLiving Bracknell will add to the inventory taking the total volume of properties on the market to circa 970 units.

The population of Bracknell is expected to grow by 15% during the next 5 years and to meet the growing demand for housing as a result of this, Bracknell Forest council’s Core Strategy aims to build at least 11,139 homes by 2026.2

What is the exit strategy?

n Housing shortage based on population n n n

growth estimates Strong absorption rates with ability to absorb additional stock Prices within reach for first and second time buyer markets Appealing to buy-to-let investors

1

ugust 2018: Average Time On Market by Type in Bracknell (days) SOURCE: Time on Market Report for Bracknell, A http://www.home.co.uk/guides/time_on_market_report.htm?location=bracknell&lastyear=1 Accessed 14.09.2018

2

https://www.bracknell-forest.gov.uk/sites/default/files/documents/salp-adopted.pdf

bluliving bracknell

Phtograph of Show Apartment

bluliving bracknell bluliving.co.uk