Basildon Buy-to-Let Guide

The initial costs of buy-to-let can be off-putting, so finding a good deal on the property is critical. The southern parts of England are not often known for good-value property prices.

Basildon is no exception.

The HM Land Registry UK House Price Index states the average Basildon property price is £369,597.

If we look at those prices in greater detail, buy-to-let investors will spend the following averages on different property types:

Detached: £686,846
Semi-detached: £420,881
Terraced: £318,975
Flats: £237,586

In the last year, Basildon prices have fallen by 1.5%.

Looking ahead, Savills predicts a capital growth of 17.6% by 2029 for the South East. However, the expected capital growth for the country is 23.4%, making the South East less promising than other regions.

Speaking of which – the national average property price is £291,044 per the HM Land Registry. As such, Basildon is 23.7% more expensive for buy-to-let investors.

However, the average property price in the South East is £393,417, making Basildon slightly less expensive than the region. It’s also more affordable than the average London investment property or a Birmingham investment property.

According to Rightmove, terraced properties have been Basildon’s most popular property type over the last 12 months.

Central Basildon

In Basildon town centre, buy-to-let landlords have a choice of flats or terraced houses predominantly, although you can find semi-detached and detached homes as well. Fryerns is a suburb that is close to amenities and Basildon train station. Compared to other parts of Basildon, you can find good value properties in the town centre.

Average Property Price in Central Basildon

The average property price in SS14 is £319,369.

Average Rental Yield in Central Basildon

The average yield here is 6.10%.

Areas to the west of Basildon include:

• Dunton
• Laindon
• Langdon Hills
• Lee Chapel
• Southfields

These areas have good transport links into Basildon and the M25. Laindon has a train station with direct service to London. With plenty of local amenities, these areas are popular with buyers and tenants.

Average Property Price in West Basildon

The average property price in SS15 is £339,806.

Average Rental Yield in West Basildon

The average rental yield in SS15 is 4.35%.

Good Commercial and Industrial Opportunities

Basildon has a significant commercial and industrial presence in the southeast. As such, the local economy is responsible for many jobs, bringing employees who’ll need new homes in the area.

Some popular sectors in the area are the automotive, defence, innovation, aerospace and R&D industries.

Basildon is home to numerous companies, including:

• Ford
• New Holland Agriculture
• MIRA
• Costa
• DST Financial Services/SS&C

In addition, London Gateway Port, south of Basildon, provides local employment opportunities. The area falls within the Thames Freeport Zone, which has the potential to become a vast commercial area that will serve the local economy and boost the Basildon property market.

Regeneration Prospects

Basildon’s town centre is amid the Basildon Masterplan, a scheme which intends to make the area a better place to live and – for landlords – invest in property.

The plan is responsible for a new leisure centre and college campus. Future regenerative efforts include building a new area, developing city living properties, and boosting the residential sector in the town centre.

Transport Links

Basildon benefits from being close to London and enjoying the economic perks such proximity provides.

The town connects to London and the South East by road and rail. Basildon is close to the M25 London Orbital Motorway and well-located to reach other notable cities in Essex like Southend-on-Sea and Chelmsford.

Commuters can reach London within 40 minutes via trains from Basildon, Laindon and Pitsea. Southend Airport is only 11 miles away.

As mentioned, new builds in the Basildon area tend to be on the pricier side. As property investment trends shift towards new build developments, off-plan has emerged as a way for investors to get a better deal on new builds.

With off-plan investment, investors can benefit from discounts and flexible payment plans by investing earlier in the development process (usually the planning or construction stage).

However, as it stands now, off-plan opportunities are typically found in major cities such as London, Manchester, and Liverpool. So, finding a range of options for off-plan property investment in Basildon may be difficult.