ADDLESTONE REGENERATION TO ATTRACT LANDLORDS TO THE AREA

Thu 17 Sep 2015

ADDLESTONE REGENERATION TO ATTRACT LANDLORDS TO THE AREA

 

Addlestone, just 18 miles southwest of London and situated within the M25, has long attracted commuters and those looking to escape the cost of the capital and enjoy the beauty of the Surrey countryside.  

 

Originating in the Saxon times and first shown on a map as ‘Adelston’ in 1610, the town is well known in the area for the old Crouch Oak tree, believed to be over 400 years old, which marked the boundary of Windsor forest. It is reputed that Queen Elizabeth I stopped to picnic beside this ancient tree. 

 

During the First World War it was the home of the Bleriot Aeroplane factory, which helped in the development of the aircraft industry.  

 

The River Bourne, which runs through the town and the nearby navigable Wey canal add to the amenities of the area, along with excellent schools and a range of restaurants, cafes, shops, supermarkets and a railway station.  

 

A £90 million regeneration plan for the area, implemented by Bouygues Development, is increasing the attractiveness even further and enticing new landlords and homeowners with an expected completion date of October 2017.  

 

Plans, which will transform and revitalise the heart of Addlestone town centre, include the creation of a 101 bedroom hotel, high quality restaurants, a gym and a six-screen cinema, together with public landscaped areas and additional car parking, all reflecting Runnymede Borough Council’s aspirations for vibrant daytime and evening facilities. The project will also see the development of 213 residential units including 160 private, 35 affordable-rented and 18 shared-ownership apartments.

 

On the area’s ambitious plans and the impending transformation, Anna Rowsell, Partner at Seymours in Addlestone, comments:  “We are seeing a growing number of buyers moving from the Greater London areas who need to live within the M25, but recognise that Addlestone offers better value for money than other outskirts of the capital. The proposed redevelopment of Addlestone will be a tremendous asset to the area and we look forward to an invigorated town centre and its environs.”

 

Do you live in Addlestone?  Are you thinking of making your next move?  If so, contact Anna and the team on 01932 846898 or email anna@seymoursaddlestone.co.uk