A new report from Knight Frank shows regeneration projects in Bath and Bristol will boost the economy and property prices in the cities and surrounding areas, making the South West even more popular than it already is. This is great news for Freshford Mill , our own regeneration project, and future home owners. New enterprise zones in Bristol and Bath will create around 26,000 jobs between them, attracting established businesses as well as small and medium businesses ...
… in the creative and digital sectors, bringing new energy and creativity into the cities. In terms of economic growth, it is suggested that Bristol and Bath will outperform the South West this year and in years to come.
Bath is already known worldwide as an international tourist destination full of museums, cafes, and attractions. But behind the Georgian facades, Bath is undertaking an exciting transformation. The Bath City Riverside Enterprise Area – the ‘City of Ideas’ is a collection of development sites and buildings along the river corridor. The ‘City of Ideas’ will allow Bath to look to the future, and to become a city where businesses, academia and creativity combine to create value and enhance the quality of life.
The Knight Frank report is positive for the property market too; over the last decade, property prices in Bristol and Bath have outperformed the average. The improvement of rail links between London and the South West, with the electrification of the line, are important factors in drawing new homeowners to the area. Commuting from Bath to London daily will become far more common, as the trip is reduced to just over an hour – making it shorter than some tube journeys!
Another exciting new development project in the area is our own Freshford Mill, which is due to be transformed into a thriving residential community of 21 homes. Located on the River Frome in the Cotswold countryside 6 miles south-east of Bath and 15 miles south-east of Bristol, the village of Freshford is one of the most scenic around Bath and has its own train station, bus service and easy links to the M4 motorway. The development will involve the conversion of historic mill buildings, as well as newly built, stylish modern homes.
Like Bath and Bristol as a whole, Freshford is looking to the future, whist recognising and celebrating the value of its past.