Rental Yields are up in East London
If you are considering investing in East London property you are making wise choices. The amount of good quality property for sale is increasing. Likewise the yields are giving back to landlords. There is a shortage of supply in the market and this is giving us, as agents, longer lists of great potential tenants waiting for a rental property in East London. Prices in the area are also affordable but still rising. Therefore, if you are considering buying an investment property, now is a fantastic time.
Investing in rental property in Newham
The property market in Newham has grown from strength to strength since 2012. Regeneration has given it a massive boost and the increase of amenities and high quality properties have shown in the price growth. Rental yields in this area are high and it is well worth taking a look at a property here. The average price is just over £445,000.
Taking a look at Tower Hamlets
Tower Hamlets’ property market is thriving. This borough has a fantastic supply of property for every taste. The property types to choose from are varied and the market is growing and evolving constantly. Average property prices in Tower Hamlets are sitting at just over £545,000.
Redbridge is in the running for 2020
This area is going to see massive growth in the year ahead. If you are a purchaser who would like to buy in an area with a potential for capital gain then this one is the one for you. Homes & Property is predicting that Redbridge will surpass other boroughs by 17% in the next 5 years.
The area is a hive of investment opportunities. Whether you are an owner occupier or want to simply make a good investment, this area is one to look at. The average property price here is just over £488,000.
Would you like to invest in East London?
This thriving part of the city is full of great opportunities whether you are an investor or an owner occupier. Get in touch with us today and let’s discover what it is you are looking for. We cover many more areas than the one mentioned above and we have properties on our books to suit every budget.