Landlords have moved to highlight where they believe to be London’s next buy-to-let hotspot, with regions such as Woodford, Leytonstone and Redbridge proving popular.
The research from Direct Line for Business found that North East London proved a popular pick, with 30% of landlords highlighting this as the best region. This was followed by South East and East London.
Going Underground
Properties located in close proximity to underground stations were found to be the most desirable for landlords. Home located on the Central Line stations were ranked as offering the best investment opportunity, followed by those on the Jubilee and Piccadilly line.
The most attractive London Underground lines for buy-to-let property investment were found to be:
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Top 3 Tube Lines |
Bottom 3 Tube Lines |
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72% of landlords rank properties with national rail connections as attractive to would-be tenants. London Overground links were seen as desirable by 71% of those questioned.
Bus and tram routes were both seen as less desirable, at 68% and 60% respectively. In addition, landlords were seen about the impact of the HS2 on London’s property values, with 63% of those asked stating that the new transport link will see prices in the capital to rise.
Where are London’s next buy-to-let hotspots?
Confidence
What’s more, the survey revealed that confidence amongst investors in London and the South East is high, with 78% of landlords in these regions planning to expand their property portfolios.
Christina Dimitrov, Business Manager at Direct Line for Business, noted: ‘Landlords across the capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area.
“We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots’”.
“It’s great to see confidence amongst landlords in the capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market.”[1]
[1] https://www.landlordtoday.co.uk/breaking-news/2017/8/landlords-identify-londons-next-buy-to-let-hotspots