For those looking to acquire investment properties, London is seen as a potentially highly lucrative choice. Outside of the rich history the city offers, it is a place where high levels of demand mean significant returns are likely to be assured. However, gaining success in the London property market is dependent on knowing which areas of the city will offer the most potential for you. At this stage, South East London seems to be one of the key areas for investors to focus on.
Lewisham is a region we would currently put forward as being perfect for many investors. The average property price across this borough is significantly lower than comparable areas close to the city centre, yet property values consistently increase by around 16% each year, which shows that short term returns are possible. For those looking for a longer period of returns on investment, Lewisham has traditionally been a place where more people prefer to rent homes rather than own them. Currently, 60% of Lewisham’s residents are renters. For this reason, many investors use our guaranteed rent services to secure consistent and assured income on their property investment.
With demand being so high across the city, it may seem incongruous that borough so close to the heart of London currently has lower than average property values. The reason is mainly due to transportation and commuting. At present, Lewisham is not serviced directly by a London Underground station, which many see as a problem. In reality, though, the availability of buses and the DLR station mean that commuting between Lewisham and the rest of London is actually very easy for most people.
If you are seriously considering making a purchase, now really is the time to be considering the investment properties available in the Lewisham area. It is inevitable that the lower average price of properties in the borough will come to an end within the next five or so years, so in the present moment Lewisham could make a great starting point for your search. Our team can provide advice and guidance to help you find the right property here or in any other area of the capital.
