Universal Studios Comes to Bedfordshire
The recent confirmation that Universal Studios plans to develop its first European theme park right here in Bedfordshire has made headlines, and for good reason. The proposed 476-acre site in Kempston Hardwick marks one of the most significant investments in the region in decades, positioning Bedfordshire firmly on the international map.
As local property experts, we at Michael Graham believe this development will have a profound and lasting impact on the housing market in Bedfordshire and the surrounding areas.
A Transformational Development for the Region
Universal’s plans are nothing short of transformative. The theme park is expected to attract millions of visitors each year, create thousands of jobs, and bring substantial infrastructure upgrades. The ripple effects of such a large-scale investment are already being felt, and it’s only the beginning.
What This Means for Property Owners in the Area
With any major regeneration project, there is typically a notable increase in interest from home-buyers, investors, and tenants alike. Here’s what you should consider:
1. Demand for Property Will Rise
The Universal development is going to create over 28,000 jobs, 8,000 of which will be permanent. This will significantly increase demand for homes across Bedford, Woburn Sands, Olney and the surrounding villages. Properties in these areas are likely to see heightened interest, particularly those with excellent transport links or proximity to the new development.
2. Potential for Strong Capital Growth
Large-scale infrastructure and employment-led developments often bring about sustained house price growth. Bedfordshire homeowners may find their properties increasing in value over the coming years as demand intensifies and the area’s profile grows.
3. Opportunity for Lettings and Investment
With an influx of professionals and visitors expected, the lettings market stands to benefit considerably. Buy-to-let investors will likely be looking to expand their portfolios in areas that offer strong yields and long-term growth potential.
Consider a Property Valuation
If you’re a local homeowner, now is an ideal time to gain an understanding of your property’s current market value. Whether you’re considering selling, letting, or simply want to explore your options, an up-to-date valuation can help you make informed decisions.
At Michael Graham, our local experts are on hand to offer professional advice tailored to your property and your goals. With interest in Bedfordshire only set to increase, this could be the right moment to act.
Get in Touch
If you’re curious about what this means for your home or would like to arrange a complimentary valuation, we’d be delighted to help. Contact your local Michael Graham office today to speak with a member of our team.
