Being a landlord in London not only offers good rental returns, but also ensures great capital growth – as prices in the capital tend to rise, not fall. However, as any savvy investor knows, some areas are more lucrative than others.
If you’re looking for buy-to-let property for sale in London, and you’d like to know where to start searching, here’s a quick run-through to help you.
Investment Properties in London – Where to Buy?
- Peckham. Peckham was once more famous for its gang-related problems (not to mention its links to Only Fools and Horses!). However, it has enjoyed serious regeneration in recent years and these days, particularly appeals to young professionals; who love the independent shops, bars and restaurants in the area. Although prices have risen by 15% year on year, they still remain affordable (compared to other London locations) – with an average two-bedroomed period property costing around £600,000.
- Brixton. Like neighbouring Peckham, Brixton has enjoyed a surge in popularity recently, and has left its problematic reputation far behind it. It has a great range of local amenities, which appeals to younger tenants, and an average property costs just £650,000. Given how desirable the area is becoming, it’s certainly a location to keep an eye on.
- Lewisham. Likewise, Lewisham is another location that has enjoyed considerable regeneration in the last few years, and has become a hotspot for first-time buyers and renters alike. Prices are also appealingly low – expect to pay around £396,028 for an average property here.
- Tottenham. Tottenham is well connected to Central London, and with its low price tag, is becoming increasingly popular with investors. In this area, you can find a good-sized property for £346,276 on average.
- Canning Town. Canning Town is still undergoing redevelopment at present, which is why it’s gaining considerable interest amongst investors. Its riverside location, plus good transport links, make it a ‘one to watch’ for the future, and currently, an average property costs just £390,415.
- Redbridge. Redbridge is excellent for families, thanks to its wealth of semi-detached and detached properties; plus, it has excellent transport links, and close proximity to the M11. Expect to pay around £462,033 for a good-sized property.
- South Norwood. If you’re looking for a real bargain location, whilst offering your tenants close proximity to Central London, South Norwood is an excellent place to start searching. An average property costs just £266,696 – making this one of the cheapest places to find buy-to-let property for sale.
- Thamesmead. Thamesmead properties remain appealingly cheap, at just £264,890 on average. However, with prices rising by 12% year on year, it’s also a good option if you’re looking to make good returns in capital growth.
The Buy2Let Shop in Bromley
If you’re looking for buy-to-let property for sale in London (or the UK) – talk to The Buy2Let Shop. We’re a team of expert property investment agents, and we’ll help you find the right house or apartment to suit your needs.
We also offer assistance with buying a house at auction, and regularly hold informative property seminars to boost your knowledge of the market. To find out more, simply visit The Buy2Let Shop website today.