As we've moved into the height of summer, the rental yield map has shown some definite hotspots around London if you're looking for the best places to invest in property. We've taken a look at the map and picked out a variety of areas which stand out right now. Explore them all below:
5.2% South Chingford
Sat within the borough of Waltham Forest, South Chingford sits slightly further north than Walthamstow and below North Chingford. With both areas having inflated property prices in recent years, South Chingford is a great hotspot in the middle in which to invest, as it is still more reasonably priced. With a thriving community and great transport links into Central London, the area is popular for renters and will rise in price as people head to buy there in coming years, making now a good time to invest here.
Explore properties in South Chingford and surrounding areas here.
5% New Cross Gate
A hidden gem of an investment area is New Cross Gate. Sat in the borough of Lewisham and just half a mile from Peckham, New Cross offers a six minute train commute into London Bridge and a 15 minute Overground commute into Shoreditch. Home to Goldsmiths University, the town is a vibrant area full of pubs, eateries and all of the amenities you need here, and five minutes up the road is Lewisham itself if you're in search of more shops. With students and commuters looking to live in this convenient but bustling area, it offers the best rental yields in South London at the moment and prices are much lower than its neighbours.
Heathrow is always a popular area of investment, but with the announcement of the new extra runway which will be built here, this is a great area to invest right now, in order to cater for the flock of people who will be looking for a home here when extra jobs open up at the airport. Coupled with this, the rise of passengers and commuters flocking through the area after the expansion will mean property is very much in demand so get ahead of the curve and invest here asap.
Ilford has consistently offered fantastic rental yields over the last six months, proving it is not an area to be underestimated. With the arrival of the Crossrail on the horizon and large multi-million pound development plans in the town centre, there’s definitely still profit in investing here in the near future, because as soon as the regeneration has completed, families will be heading out of zones 2 and 3 to look for an area with outstanding schools and parks and a home which offers them more space for their money.
Explore properties in Ilford and surrounding areas here.
For more information, visit Portico at www.portico.com, contact one of our 18 offices around London or sign up for our weekly landlord newsletter by emailing firstname.lastname@example.org now.