If you’ve got the available funds, London is an excellent place to invest in. Investment properties in London tend to produce excellent returns in capital growth; and if you’re seeking buy-to-let property for sale in the city, you can guarantee good rental yield too.
However, as with any major city, some areas are more lucrative than others. Investors are increasingly looking beyond the centre of London for property investment opportunities; particularly those that have shorter commute times into the capital.
If you’re looking for a buy-to-let property for sale in London, this guide will help you.
Investing in Property in London – Where to Buy?
Ilford. Ilford is fast becoming a major property hotspot, thanks largely to the forthcoming arrival of the Crossrail station next year. Once considered run-down, Ilford has experienced considerable regeneration in recent years, and now offers an array of cafes and shops. Average rent in the area is £1,267 pcm, whilst houses still remain very affordable at £433,437 on average.
Greenford. Greenford is only slightly more expensive than Ilford (average property prices are £463,048) but has an excellent average rent of £2,245 per month. Not only that; the area is also being smartened up, which is likely to make it more appealing to tenants in the future. It’s also close to Ealing Broadway, which is now part of the Night Tube service.
Hounslow. In addition to being close to London, Hounslow also benefits from being close to Heathrow and the M4 – which immediately makes it attractive to a broader range of tenants. It’s far more reasonably priced than nearby Twickenham and Isleworth – and properties are around £435,967 on average. Tenants can expect to pay around £1,194 a month.
Forest Gate. Forest Gate is another place that’s benefitting considerably from the arrival of a Crossrail station. Property prices are rising swiftly in the area, but if you’re quick, you should still be able to find a buy-to-let property for sale at a reasonable price. Average house prices are currently £473,727, with average rent prices being £1,420 a month.
West Drayton. West Drayton is one of the cheapest places to invest in London, with average property prices just £411,790. It’s also getting a Crossrail station, which means, like other locations close to the capital, prices are expected to increase in the future. In addition to being close to London, it’s also within easy reach of Heathrow Airport.
Kings Cross. If you’ve got more money to spend, start exploring options in Kings Cross. Once labelled as one of London’s seediest districts, Kings Cross has changed considerably in recent years, and is now becoming an important business district (Google have recently opened a headquarters there). Expect to pay an average of £993,477 for a property at present – but be aware that houses and apartments are likely to enjoy considerable capital growth in the future. Average rent price is currently £2,304 per month.
It always pays to invest in knowledge – attend one of our FREE property seminars to put yourself ahead.
The Buy2Let Shop in Bromley
If you want to find out more about investment properties in London, talk to The Buy2Let Shop. We’re a team of property investment agents in the capital, and we’ll help you find the right buy-to-let property for sale – which matches your requirements.
We also offer assistance with London property auctions, and regularly host property investment seminars in London, to boost your knowledge of the market.