Last month, Rightmove published their data on rent growth in London between 2024 and 2025. It shows which areas have had the biggest increases in rents. This is something investors should definitely keep an eye on. Let’s have a look, and explore the area at the top of the list. Then, if you need help with investment properties in Croydon, you can speak to us.
The list
One of the most interesting things about Rightmove’s findings is there are areas all across London that had impressive year on year increases in rents. Some were popular locations in Central Boroughs, while others were in suburban spots. So, there are many places to consider in various parts of the city.
Topping the list with an impressive 14% year on year growth in rents is Thornton Heath in Croydon. It has proven to be a really popular suburb, particularly with families looking for homes with more space.
Thornton Health also has some of the most affordable property prices in the city, making it attractive to buyers. The average according to Rightmove is £396,996. That is really impressive if you consider London’s average house price is £686,817. The area is easily one of the best options for investment properties in Croydon.
There is a three way tie for the next spot on the list. Barnes in Richmond upon Thames, Greenford in Ealing, and Harlesden in Brent all had 12% year on year rent growth.
The next three areas are also tying, with 11% YOY growth in rents. They are Bayswater in Westminster, Biggin Hill in Bromley, and East Finchley in Barnet.
Finally, we had three more areas with a 10% increase in rent to finish the top ten. These are Deptford in Lewisham, East Bedfont in Hounslow, and Northolt in Ealing.
Why is Thornton Heath so popular?
If you are thinking about investment properties in Croydon, you definitely need to think about Thornton Heath. As you’ve just read, rents here are increasing. That means homes can provide a healthier return. More importantly, even though it is more expensive to rent here, there is still high demand. The estimate is there are ten enquiries on average for every rental property.
There is plenty to love about Thornton Heath. As we said above, it is popular with families because of the spacious homes with gardens on quiet residential streets. There are good schools in the area and some good green spaces too, including Mitcham Common to the west.
One thing locals love is the bustling community. It is a diverse area where people are really neighbourly. Local groups help to improve the area too. This includes the Community Action Team (THCAT). They offer a gardening club, have set up an art trail, and work to make the areas cleaner and greener. If you want investment properties in Croydon, the community here will add lots of value.
There are some fantastic amenities in the area and nearby too. Most notably is the BRIT School in Selhurt. It is the most celebrated arts school in the UK, and has regular performances. Football fans will appreciate being close to Selhurt Park Stadium, home of Crystal Palace FC.
Thornton Heath appeals to commuters too. The train station, although in Zone 4, has fast direct trains to London Bridge. The commute takes less than 40 minutes. A short trip to West Croydon means travellers can get on the Windrush Overground Line. Additionally, there are plenty of bus services.
Choose fantastic investment properties in Croydon
Finefair Ltd can support investors that choose properties in any part of Croydon, including Thornton Heath. Our services are flexible, giving you the chance to decide exactly what you need. From guaranteed rent to HMOs, we will give you the best support with every topic.
Our twenty plus years of experience in London mean you can get recommendations for investment properties in Croydon and other locations. So, speak to us today if you want some help. We work with new investors as well as clients with large and small portfolios.
