Are you thinking about getting on the buy-to-let bandwagon in 2017? Perhaps you are already a landlord and you are wanting to add to your portfolio of investment properties this year? Either way, buy-to-let can be a rewarding and lucrative way to invest money. The location of the investment is paramount to its success, as it can significantly affect the desirability of the property and the rental yield you will secure each month.
Auction House London takes a look at some of the buy-to-let hotspots forecast for 2017.
North London’s leafy Barnet holds the crown of being one of London’s most affordable boroughs. With good transport links to the rest of London and a choice of relatively affordable modern flats and family homes, Barnet is hailed as a leading London property hotspot in 2017.
Just 35 minutes from London by train, Guildford has long been a popular place to live for London commuters. Furthermore, a new Waitrose in the town centre, a makeover of the Friary Shopping Centre and the regeneration of the river area, are all contributing to the appeal of Guildford, making it a popular choice for renters.
Being considerably less expensive than Oxford and reachable to London for work, Banbury in Oxfordshire is hailed as another property hotspot in 2017. As well as having good commuter links to London, Banbury boasts a healthy economy of its own, with several large employers present in the town, including an Amazon delivery centre. Consequently, the demand for rental property remains high in Banbury.
Manchester is being flagged by many property experts as being a top place to invest in property in 2017. Being the crown of the ‘Northern Powerhouse’, with heavy investment and regeneration being pumped into the city, many shrewd investors are taking advantage of Manchester’s thriving property scene and good rental yields.
Back to London and it’s Southwark that, according to a report, continues to be one of London’s strongest performing neighbourhoods. Experts pin the strength on property in Southwark on the many new build developments being launched in the area.
With the number of homes sold being up 57% year on year, Camberwell Green is an area of Southwark that is performing particularly well. According to a report in Homes and Property, average house property prices in Camberwell stand at £417,192, meaning rental yields can be high in this area of south London.