Now that it’s September, the kids are back at school, everyone is back from their holidays and it’s time to get back into work life before we get to Christmas. This month at Portico we have used our Yield Map to find you some very prominent rental yields hotspots where you should be looking to invest, so read on to find out more.
4.6% Upper Walthamstow
Walthamstow has become a popular area for homebuyers in the past five or so years, with people moving out from Tower Hamlets and Hackney in favour of the more affordable prices. As such, the residents have changed to a younger, trendy crowd, and businesses have opened and changed to cater for this. Renters, therefore, have looked to move here as the area has changed, and with the addition of the 24 hour Victoria Line making it handy for commuters, this is a sought-after area, making it a good place to invest in property. Upper Walthamstow is currently offering the best yields in the area.
Explore properties in Upper Walthamstow and surrounding areas here.
Lewisham is currently offering fantastic rental yields yet reasonable property prices. The area is well serviced with transport links, getting you into London Bridge in 10 minutes and Cannon Street in 15 minutes, as well as offering the DLR and good bus connections. With many New Build flats popping up to the North West of the station, the area is popular with commuters and offers a nice area in which to reside. There’s also talk of the Bakerloo Line extending out here, so invest before property prices balloon.
Over the last 10 years Wembley has grown from a stadium and a plethora of hotels into a thriving community. With visitors flocking here for events and, over the last year, Tottenham’s home games, there has always been a buzz at the weekend. This has spread into an ever-bustling atmosphere now though, with the area offering plenty of reasonably priced flats, the addition of the shopping and entertainment complex and good transport links both into and out of London quickly, for those needing to travel. Wembley is only going to become more popular so is a great place to invest in property.
Over in East London, Barking’s rental yields have been rising steadily over the last year, proving it’s a popular place for people to rent. With the District Line connecting you quickly and easily to Central London, it’s a handy place to live. The area itself used to be a big hub for fishing, supplying nearby Billingsgate Market, so it was mostly locals who lived here but in the last 10 years it’s changed into a popular commuter spot as it offers well-priced sales and rental properties for the area. With people looking to live here when they move to London, buying property here will give you the highest yields in London.
Explore properties in Barking here.
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