As we prepare for the clocks to change this weekend and the days to become shorter, we take a look at our Yield Map once more to see some areas that may be of interest for you.
We have picked out four areas offering strong rental yields, these areas are just some of the emerging spots where it may be worth having a look at for your next investment.
Northumberland Park 5.2%
Northumberland Park sits in the North London Borough of Haringey, in Greater London. According to Zoopla the average property price is £245,995 with a mixture of properties from houses to flats in the area. If you are looking for a property that sits in Greater London but without the steep price tag, then take a look at Northumberland Park, situated not far from Tottenham and its amenities, yet benefitting from its own railway station making it easy to get into central London.
The cat is well and truly out of the bag when it comes to the perks of living in Peckham. If Franks or Bussey Building haven’t lured you in, then the uber cool 80s, no-frills Peckham Plex Cinema may have. At only £4.99 a visit you’ll have plenty of change left over to check out the cute independent cafes and restaurants. Although property prices have risen over the last few years, lower prices can be found on the outskirts of Peckham, still making the area a profitable investment.
See properties for sale in Peckham here.
Newbury Park 5.3%
Newbury Park is an area of Ilford in East London, situated in the London Borough of Redbridge. A slightly quieter area than Ilford yet benefits from having its own stop on the tube station, easy access onto the A12 and amenities. Newbury Park is one of the most affordable places on the Central Line and consists of a mixture of private and local authority housing.
Stonebridge sits in Greater London with its own train station so you can be in the city within the hour. The neighbouring towns are Wembley, further left and Harlesden to the right, both slightly larger and more developed. Due to the need for redevelopment in Stonebridge, property prices are still relatively low and affordable for London.
If you're curious about how much your property is currently worth, our Instant Property Valuation tool will give you an answer in just 60 seconds!
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.