Since March 2020, Maidenhead’s property market has proved remarkably resilient, even in spite of global and economic conditions. In this time, the average price of a detached house has risen from £872,681 (March 2020) to £996,065 (Jan 2024.)
The average price of Flats / Maisonettes has increased from £292,965 (March 2020) to £317,789 (January 2024.)
In January 2024, Windsor and Maidenhead had the third highest average house price in the South East, demonstrating that demand for property in this area is continually sufficient to prop up prices, even during periods of economic pressure.
Growing population
Between the last two censuses (held in 2011 and 2021), the population of Windsor and Maidenhead increased by 6.2%.
This spike was most likely an offshoot to the ‘City Exodus’ which saw Maidenhead singled out as a prime ‘next best’ location, juxtaposing the benefits of country living, with close proximity to London.
Investment
Outsider investment has helped boost Maidenhead’s potential for economic growth considerably in the past 4 years. One investor - CityFibre – has already pledged £14m towards technological advancements, including enhanced 5g connectivity, which according to recent Hatch research, is expected to unlock £146million in innovation and productivity, whilst yielding a £103million increase in house value.
In addition to outsider investment, the local council has laid out a budget for 2024/25 which includes £13m of capital investment in the borough’s critical infrastructure.
This includes a vital road improvement scheme, designed to improve traffic flow through the centre of Maidenhead.
The £6m allocated for this has been partly funded by the Thames Valley Local Enterprise Partnership (LEP), and will focus on the town’s four main roundabouts, in a bid to reduce traffic congestion and improve air quality. These infrastructure enhancements are part of the town’s ‘future proofing’ plans that will ensure Maidenhead is ready for an increasing population.
Retail and leisure
The redevelopment of the Nicholsons Shopping centre, together with The Landing development and the new Tempo building (formerly Three,) is set to maximise the ‘Crossrail effect’ which established Maidenhead’s position as a key office centre.
Offering 30,000, 36,000 and 150000 square meters of office space respectively, these developments hold great potential for Maidenhead to evolve into a ‘business and communications’ hub, as an outcome of which, homes in this area will inevitably continue to command a premium.