As the capital city, London has often been hailed as the ‘place to be’ for young professionals for its lively nightlife, career opportunities and leisure facilities. However, due to COVID-19, high cost of living, and increased opportunities in surrounding area, the shine of the city is waning, and many are opting for attractive commuter towns instead.
By relocating to Reading, these young professionals are finding that they can retire from the high prices of the capital city without retiring from bustling city life. Take a look at these comparisons…
We all know it's more expensive to live in London, but how much more?
It’s 83.9% more expensive to rent a property in London than it is Reading! The average cost to rent a 1 bedroom central apartment in Reading is £924.24pcm – in London it’s £1,699.76!
When looking at average property sold prices, London is almost 50% higher! Reading’s average property price is currently £390,081 and London is a whopping £661,403.
Research has found that families hoping to move out of London and commute into the city could save £14,000 for every mile beyond the capital’s boundary? That’s roughly £420,000 you could save by moving to Reading!
Reading is the new London and proudly boasts many of your favourite ‘London Lifestyle’ eateries.
THE READING COCKTAIL CLUB
With nine branches in situated around the city, the London Cocktail Club is known across the capital for its whacky and wonderful beverages. Previously exclusive to London, The Cocktail Club brand is opening up its second branch outside of the capital in none other than Reading town centre! Opening in early to mid-November, this exciting new cocktail bar will bring a taste of the capital to Reading’s Gun Street and enhance the town’s position as a top destination for nightlife.
DID YOU KNOW…
In June this year, Wendy’s returned to the UK for the first time in 20 years. When the American international fast food chain first opened its doors on our shores, it did not come straight to the capital city – in fact, the flagship store opened in Reading. Branches have since opened in Stratford and Oxford, but there was a period where Londoners craving a Wendy’s would have to go beyond the capital…
With the Elizabeth line coming to Reading in early 2022, there is no denying that Reading’s transport links rival that of the capital city. Reading station currently provides direct services to Bristol, Birmingham, Exeter, Cardiff and Newcastle as well as a 30 minute fast train into London Paddington, and so is easily accessible from most major cities. In securing pride of place on the London underground map from next year, Reading will only enhance its status as a major transport hub.
So after all of this, it's not hard to see why Reading is being called the new London and many city lovers are opting to hand back the keys to their expensive monthly rentals and settle down in Reading.