Reports have shown that the average price of a property in the London Borough of Bexley is over £200,000 cheaper than the average across the whole of London, making this the most affordable area of the entire capital. Over the first three months of this year, 72% of the properties placed on the market in Bexley were sold, reflecting the high demand for homes and investment properties here.
Demand also rose throughout London’s commuter belt, in areas such as Medway, Ipswich and Milton Keynes, as buy to let landlords and people working in the capital seek affordable commuter friendly homes. However, for those who are looking to purchase a property within London, it seems that Bexley presents some of the most financially viable investments available. If you’re seeking a London investment and want to get the most value for your money, Bexley offers a promising place to conduct your search.
Besides its affordable pricing, Bexley offers a host of other beneficial qualities which make it highly appealing to buyers and renters. It has over one hundred parks and large open spaces, and places of interest such as the Scheduled Ancient Monument and former stately home Hall Place. In addition, the area has been a priority for urban regeneration in recent years and has seen extensive investment in improvements and development. Bexley looks set to continue as a thriving borough for some time yet.
Whether you wish to buy a property to renovate and sell on for a profit, are in search of a home or want to purchase a buy to let property here and optimise your chances of finding high quality tenants, get in touch. We regularly deal with all types of property portfolios and investors of all experience levels, and can advise you on ways to maximise your profits, such as turning a single property into a HMO or hostel.