London is one of the best cities in the world to invest in properties because of the great prices and high demand. If you can find the right investment, or have the money to regenerate a property you can see great rewards from both rent and resale.
Of course, choosing the right area to invest in is important, and as a professional lettings agent we can advise you on the best places and times to make that all important purchase. From Greenwich to Hounslow to Croydon, we have an in-depth knowledge of the city which puts us in the ideal position to help you invest. The following guide can help you to find the perfect location.
Bayswater/Queensway is a growing area because of its proximity to Hyde Park. Prices here are lower than traditionally high-end areas like Kensington and Knightsbridge so there is a good opportunity to make a profit. There are a number of terraced properties in Queensway that with a little investment could be refreshed and greatly improved value-wise.
Dalston/Kingsland is another area growing in popularity because of the improvements being made to the London Underground system. These developments make the area more accessible and mean people can take advantage of the lower prices and great deals that can be found here.
Whitechapel is one of the areas seen as having the most potential for development, particularly in terms of apartments and loft style properties. With transport developments, good prices and projected growth in prices this is one of the best places to purchase an investment property.
Peckham is another good growth area and is very popular because of the beautiful Victorian architecture. The gentrification process is well under way and sees properties and the location as a whole becoming more and more upmarket.
Properties in Holborn are set to deliver healthy profits in the long term. The area is being transformed from its former status as a point on a map on the way into the City from the West End into a desirable address. The mixture of apartments and townhouses gives a great array of opportunities to investors.
Clerkenwell is particularly popular amongst the creative and artistic community. Prices in the area are at a good level but are predicted to rise to similar levels to those in Soho. The rental market is fast moving and can bring you a great yield.
Streatham has seen property prices rise as much as 20% over the last year but still offers some really good value for money. The area is popular with families because of the well regarded local schools. On top of this there are also good transport links for people commuting to the City.
Wapping has seen huge growth in the past year, with rises even outstripping popular areas like Chelsea and Knightsbridge. Riverside warehouse developments are very popular and are bringing more and more luxury apartments to the market. Developers can find huge rewards if they find the right investment.
Elephant and Castle is set to be transformed with some ambitious regeneration projects planned. The fact that it sits in Zone One also means it is perfect for commuters who want short, affordable travel to work. With affordable prices you can find a great investment opportunity.
