London is ideal for landlords. Although property prices are fairly high compared to the rest of the country, demand for rented accommodation is sky-high; which means investors can charge a premium for their buy-to-let properties.
However, some savvy landlords have noticed an emerging trend – increasing numbers of London renters are looking beyond the capital, in a bid to save money whilst remaining within commuting distance. Here are some of the hottest spots outside of London to invest in.
Investment Properties in the UK – Surrounding London
Many tenants still choose to rent in London, which is why it’s a good idea (if you’re growing a property portfolio) to have at least one property in the capital. Investment properties in London, whilst not offering spectacular rental yields at present, are likely to increase in value over time; offering excellent profit from capital growth.
However, if you’re looking for strong rental yield, start searching in these locations:
Should You Forget About London?
Short answer – absolutely not. There are plenty of investment properties in London that will offer both excellent rental yield and longer-term profit from capital growth – it’s just a matter of identifying the right place to buy.
Newham, for example, offers reasonably priced properties (well below the capital’s average), and strong rental yield; currently over 7%. Ealing is another strong performer, as are Bromley and Southwark. Talk to a specialist property investment agent, as they’ll have insight into London’s rental market, and will be able to guide your search more effectively.
The Buy2Let Shop in Bromley
If you’re looking for buy-to-let property for sale, and you’re keen to maximise profits, talk to The Buy2Let Shop. We’re a team of expert property investment agents in London, and we’ve got a range of properties on our books that are priced competitively to sell, and which aren’t available to the general public.
We offer a range of other services too, including help with buying a house at auction, and hosting regular free property investment seminars. To find out more, simply visit The Buy2Let Shop website today.