As we near the end of the month and some extra sizzling temperatures hit the capital once again we turn out attention to the yield map and take a look at the areas to invest. We select new areas from North, South, East and West each month but you can take a look at our yield map yourself here.
East Barnet 4.4%
East Barnet is an area in North London within the London Borough of Barnet. The area is largely residential with the centre hosting independent shops, restaurants and pubs. There are plenty of parks and amazing schools in the area. Moving out to a EN postcode can get you much more for your money than an N postcode could, prices still vary, as you are still in a London postcode and it is a growing commuters hub, but by living further out you're guaranteed more space, and maybe even a spare room.
South of Tooting lies Mitcham, a south London suburb with easy access to Croydon and Tooting. Mitcham has access to two large open spaces, Mitcham Common and Morden Park. Mitcham Junction can have you at Victoria in just 24 minutes on the overground, buses services the south well, and can get you around the other local suburbs easily. The end of the Northern line, Morden, is reachable by bus, plus by getting on first means you're guaranteed a seat! Property prices in the area are still relatively low and properties are larger for growing families.
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.
5 bedrooms, 2 bathrooms | Valentines Park, IG1 | £800,000 (Freehold)
West Drayton 4.4%
West Drayton was once known as the sleepy suburb on the outskirts of West London. However, sitting in the London Borough of Hillingdon this once quiet town has grown in popularity as it appeals to more and more looking to move slightly out of London but still be within easy accessibility, a direct train can get you to London Paddington in 30 minutes. The announcement of Crossrail place West Drayton firmly on the house-buying map for many and has seen house prices rise over the last few years. Once Crossrail is completed, not only is this a huge selling point but major motorways and Heathrow sit on your doorstep. The growth in popularity has drawn investors in and lead to a surge of development to give West Drayton a fresh and modern look to areas such as Drayton Garden Village, with investment into new homes and local amenities. Whilst property prices are still low for London, now is the time to look at West Drayton.
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