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Londoners seek refuge in Brighton for the perfect work/life balance
June 8, 2015Article by Charlotte Ashton
It’s commonly accepted that a good work/life balance is a key component of a happy life. So what do you do if you work in London but want a better quality of life than living in the big smoke can provide? Simple: you move to Brighton.
The London exodus
Londoners are leaving the capital in record numbers. Data from the Office for National Statistics has shown that around 250,000 per year are moving away from the city, with more affordable homes and proximity to good schools high up on the list of reasons for living.
Many of those leaving London intend to commute into the city for work from their new home, so a new report from Savills has examined the 20 top towns with good-value homes within an hour’s reach of London. Reading took the top spot, but Brighton came a close second, with its iconic seafront, liberal culture and bustling shopping streets giving jaded Londoners a new lease of life.
Ray Withers, Chief Executive of leading property investment specialists Property Frontiers, comments on the development,
“Life in London can be fabulous, but we’ve found a growing number of young professionals who want to combine a London salary with a home life that offers more than the big city can. Tenants are demanding luxury apartments with easy access to the sea and the green spaces of the South of England, with London less than an hour away by train.”
Brighton provides all this and more. It is renowned for being a welcoming and liberal place and has previously been voted the ‘UK’s coolest city.’ It is a city of firsts, having been the location of the UK’s first Green MP, first nudist beach and first same sex marriage. In the summer, its beaches and parks provide the perfect location for a picnic, a game of Frisbee or simply a snooze in the sun, while for those winter days it boasts the oldest working cinema in Europe, more restaurants per head than any UK city other than London and excellent shopping in the twisting maze of independent stores that make up the Lanes.
With so much to offer in its own right, as well as quick and easy access to London, Brighton truly does provide the best of both worlds. Demand for rental property there is fierce, creating an ideal environment for buy-to-let investors. Opposite the natural beauty of Preston Park, the Park View Apartments offer spacious, two bedroom/two bathroom apartments in a contemporary, boutique building that fits perfectly with the local environment. Executive tenants and young professionals will feel right at home with recessed LED lighting, under-floor heating and high gloss kitchens. Prices range from £330,000 to £420,000, with up to 4.7% yield expected.