Whether you’re looking to let your property or thinking about investing in a buy to let property in London, it’s always good to keep an eye on which areas are offering the best rental yields. We’ve searched high and low to bring you our top selection of the best buy to let areas in London right now.
Lewisham currently offers one of the best rental yields of the capital (up to 4.6%) for properties at a reasonable price. The area is extremely well connected with trains going to London Bridge in a little less than 10 minutes. There are also plans to extend the Bakerloo line up to Lewisham in the next years, making this neighbourhood one of the best places to invest in the capital for house price growth.
Barking is not only one of the most affordable locations in London but also offers excellent rental yields (up to 6.2%) for those looking to invest in buy to let properties. Barking is currently being transformed with more than 10,000 new homes to be built in the next 15 years. With increasing interest from developers and improving transport links there has never been a better time to invest in Barking.
Newham is becoming one of the most sought-after areas for property investment in the capital. The area underwent an important regeneration plan before the 2012 Olympics, and is still developing today, with many luxury flats being built around the train station. The rental yield in Stratford currently stands at 4.5% – above the average for the capital.
Over the past few years, there has been a marked increase in the number of property investments in Wembley thanks to the recent regeneration plans in the area. And with thousands of new homes and developments to be built in the next five years, the area is only set to become more and more attractive. Plus Wembley currently boasts a rental yield of up to 4.8% – an ideal place for those looking to invest in buy to let properties.
Ilford is earning a brand new reputation amongst Londoners as one of the best places for property investment in the capital with a rental yield up to 5.6%. Plus with Ilford station set to receive a massive overhaul in 2018, properties in the area will only become even more desirable.
Are you looking for the best property investment in London? Call the Kingsley Hamilton Estates team today on 020 7078 0214, or email email@example.com and we will be in touch shortly.