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Investor Report Staines-upon-Thames An investment opportunity TOP 10% 11% 58% Staines-upon-Thames Predicted increase in Migration into in the top 10% of all population aged 25–29 Staines-upon-Thames UK areas for economic over next 20 years. is from London growth potential. dataloft, ONS, 2019 Boroughs. dataloft, UKCI, 2019 dataloft, ONS, 2019 SPRING 2020 Analysis by Surrounded by the most expensive commuter real Business & estate outside of London and resting on the banks employment of the River Thames, a decade of regeneration and rejuvenation has transformed Staines-upon-Thames. Boasting a vibrant economy and within easy access of London, Staines-upon-Thames is a destination of choice for residents, businesses and investors. NO. New The value of regeneration A magnet for business business Regeneration and placemaking is often a A lure for big name employers due to its driver for price growth in residential enviable connectivity and links to the 1 start-ups markets, leading to price growth premiums Heathrow economy, Staines-upon-Thames of between 5% and 10% (CBRE 2018) and is ranked No.1 in the UK for new business Staines-upon-Thames is proving no different. start-ups. Over 1,100 new businesses have set up across the area since 2010. Part of a high growth cluster in the Enterprise M3 PRICES HERE area, a globally competitive partnership OVER based on the digital and design-based H AVE R ISEN economy¹, levels of employment are high. BY 22% OVER Shepperton Studios, famed for Harry Potter and Star Wars and the new home THE PAST of Netflix, is set for a £500m expansion, 1,100 creating a further 2,000 permanent jobs New businesses FIVE YEARS, and contributing £141 million a year to the since 2010 compared to just 17% UK economy. across Surrey and 20% For those working from home and in London. communal workspaces, broadband speed is key. With an 87.6% access to ultra-fast broadband, central Staines-upon-Thames2 Recently ranked in the top 10% of all UK is faster than the average of 54.5% across authorities for long term growth potential Spelthorne. and the top quarter for competitiveness (UKCI, 2019), a suite of new residential, retail ¹ includes high value sectors such as digital 87.6% and cyber security; space and satellite; and commercial development is creating aerospace and defence; med-tec and ‘createch’ Access to an area of dynamic growth and opportunity. (creativity and technology). ² TW18 1–4 ultra-fast broadband Home to international companies including: dataloft, Hacker and Young (2016); ONS (2019), Ofcom 2 | Berkeley Homes | Staines-upon-Thames | Spring 2020 Analysis by Dataloft Consult With Heathrow on the doorstep and the Unrivalled M25 offering easy access to the M3 and M4, connectivity Staines-upon-Thames boasts superb transport connectivity. London Waterloo is just a 35-minute commute by train, with three Crossrail stations in the vicinity set to reduce travel time to Bond Street from 38 minutes to just 26 minutes. OVER The Heathrow effect Well connected Just 10 minutes away, Heathrow Airport is the busiest two runway airport in the world, handling 80.1 million passengers in 38 Gatwick Airport 2018. It is also the country’s largest airport 40 3,500 in terms of goods traffic, with 1.7 million Terminals Local residents metric tonnes of cargo transported each employed at year. The airport supports some 69,000 6.5 jobs generated by over 400 companies, Heathrow 16 Airport Heathrow airport¹ with over half Heathrow employees Central resident in its local area1 2. Discussions 3.5 remain ongoing regarding the Heathrow development of a direct rail link between 10 Airport Staines-upon-Thames and Heathrow T5 Terminal 5. Many people living in the borough of 35 54% Spelthorne choose to work locally, with Staines London Proportion of over 60% travelling less than 6.2 miles to upon Waterloo Heathrow employees work. Of the 18,000 residents that Thames commute into London, over half travel to 27 the neighbouring boroughs of Hounslow resident in the Clapham and Hillingdon (ONS). The high-tech Junction local area² hubs of Windsor, Slough and Reading are also within easy reach. 22 dataloft, ¹Heathrow Employment Assessment, Spelthorne, ²workforce within the five adjoining local authority areas 42 Central Key London** to AIRPORTS by RAIL 26 by CAR 3 stations* Central 1.6 MILES London** 61.5% 7 MINUTES (from) residents commute dataloft, Spelthorne Business Forum, 1.6 5.4 6 12.4 less than 10km Transport for London, Census, (6.2 miles) heathrow.com 7 9 10 15 *Iver, West Drayton, Hayes & Harlington. M25 M3/25 M4 A3/M25 dataloft, Census Opening date to be confirmed. (J13) (J12) (J10) ** Central London refers to Bond Street. 3 | Berkeley Homes | Staines-upon-Thames | Spring 2020 Analysis by Dataloft Consult Educational Education opportunities in the area around Staines- Property upon-Thames are outstanding. Students of all ages excellence have access to some of the UK’s top educational proposition establishments. The heritage of Eton College and Royal Holloway University mixes with independent schools and a leading modern international school. The area is particularly attractive to overseas and mature students. 21 Independent schools 88% within 6 miles of Royal Holloway University Staines-upon-Thames student satisfaction level Proportion of undergraduate 23% students studying from overaseas Proportion postgraduate 40% students studying from overseas All students are mature 4 17% students (age 25+) London Universities dataloft, NSS, HESA in the UK top 10 within an hour’s commute by train or within 25 miles drive Aiming high situated in 135 acres of parkland in Egham, There are 21 independent schools within and includes one of the world’s most six miles of Staines-upon-Thames, spectacular University buildings, the including ACS Egham International School, Founder’s Building. Royal Holloway also the only school in the UK to offer all four has a central London base at Bedford International Baccalaureates. Eton College, Square, Bloomsbury. where 19 of the UK’s Prime Ministers were educated is just a 20 minute drive (11 miles) Staines-upon-Thames also offers easy and is home to 1,300 students aged 11–19. access to London School of Economics, 70% University College London, Imperial graduate retention Royal Holloway University, a Top 20 UK College and King’s College London. University (The Times and Sunday Times Together over 105,000 students study in London Good University Guide, 2020), home to at these Universities, of which 48% are over 12,000 students and staff is less than students from overseas (HESA). Two ten minutes away. Levels of student of these, UCL and Imperial are in the satisfaction here are higher than the world’s Top 10 and research indicates national average, with over a quarter of all 70% of students remain around London students studying here from overseas and after their studies. Graduate retention is dataloft, Ofcom, QS World University 17% mature students (age over 25). Opened considerably higher here than any other Rankings 2020, Knight Frank (2019) by Queen Victoria in 1886, the campus is regional city. 4 | Berkeley Homes | Staines-upon-Thames | Spring 2020 Analysis by Dataloft Consult Property Property price growth in Staines-upon-Thames has outperformed its prestigious neighbouring commuter proposition belt locations. Despite such growth Staines remains affordable. The average property is close to £100,000 less expensive than the capital and areas just a stone’s throw away (ONS, UKHPI). Price growth looks set to continue on an upward trajectory in future years. In demand Five year house price growth Just over 100,000 people currently call Staines-upon-Thames home. However, 14.2% reflecting the area’s potential for economic growth, the number of 14.3% Projected compound Ealing households in the area is expected to 14.0% growth across South Windsor and increase by 24% to 52,000 in 2039. This Maidenhead 22.6% Heathrow 20.1% East England is an anticipated 8,400 more people, Airport Hounslow with a significant rise (11%) in residents London 2020–2024 aged 25–29 (ONS, 2019). 22.1% 7.0% Spelthorne Richmond- Staines-upon-Thames upon-Thames Over half (57%) of those currently moving to the area are from adjacent 16.0% Runnymede boroughs, with 58% of all inmigration 12.7% Elmbridge from the capital, dominated by West and South West London. Staines-upon- dataloft, UKHPI (November 2019 referring to 24% Thames offers a good price advantage September 2019, Staines-upon-Thames refers Projected increase when compared to these areas. to the local authority district of Spelthorne) in number of households in On the up Migration from surrounding Staines-upon-Thames by 2039 Over the past five years 870 new Staines-upon-Thames private dwellings have been completed across the area1, far lower than the 500 new homes % TOTAL PRICE required per year to meet levels MIGRATION DIFFERENTIAL of anticipated demand. Just one in every fourteen sales over the past 12 months has been a new build, 25.3% Hounslow 13.7% 500 significantly lower than all New homes required adjacent boroughs (Land Registry). 8.9% Richmond-upon- 75.7% per year to meet Over 60% of purchasers under Thames 34 would consider a new build 7.0% Runnymede 10.2% projected demand property. The market dynamics of in Staines-upon-Thames a shortage of supply and increased 5.5% Hillingdon 9.5% demand are liable to put upward 5.0% Elmbridge 61.8% pressure on prices over the 4.5% Ealing 32.7% coming years. Kingston-upon-Thames dataloft, average of independent forecasts, 2.2% 29.1% Windsor and Maidenhead Knight Frank, ONS 2019 1.6% 28.1% 1 refers to Local Authority district of Spelthorne dataloft, (ONS and UKHPI) 5 | Berkeley Homes | Staines-upon-Thames | Spring 2020 Analysis by Dataloft Consult The investor Investing in London’s commuter zone is an attractive Rents on proposition.
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