Huntley Wharf, Reading
Huntley Wharf by Berkeley Homes
Huntley Wharf is an attractive riverside project in the commuter town of Reading, just a 30-minute train ride from Central London, from premier house builder, Berkeley Homes.
Made up of 750 apartments spread over three principal towers, the project will complete all of its phases through 2022/23.
Overview
Berkeley Homes are known for ‘placemaking’ and it is what they do best.
This development is a prime example of that; through imagination and investment they revitalise otherwise undervalued destinations and transform them beyond recognition.
Huntley Wharf will now set the standard for Reading which itself is becoming a coveted residential location for Londoners seeking a better work/live balance.
With prices ranging from £275,000 - £535,000 and rental prices on the rise, we think it has excellent mid-long term prospects.
Reading
Population growth blended with employment growth and infrastructure investment have resulted in this being voted one of the top 10 small cities in Europe for foreign investment.
Leading tech companies are now calling Reading home (pronounced ‘Red-ing rather than anything book related) with Microsoft and Huawei having their corporate HQs there amongst other well-known brands.
A short train journey of just 26-mins will take you into Paddington in London once the Crossrail opens in 2022 whilst in the opposite direction, Heathrow will take a mere 40 -minutes.
Investment Case
With solid, unleveraged yields above 4% and plenty of capital appreciation on the horizon, we consider this a strong investment product.
The developer has an excellent reputation and offer very reasonable payment terms, ensuring they don’t unnecessarily occupy their clients’ capital.
Whilst we don’t foresee a mass exodus from London post Covid-19 there will almost certainly be a correction. Locations like Reading, with excellent commutability and vibrant social fundamentals, look set to reap the benefits of this shift to a less urban-centric lifestyle.