Rental Hotspots in London

Do you own property in London or are you planning to purchase some property that you want to rent out? Some locations are in big demand when it comes to renting in the city and we will take a quick look at the rental hotspots in London to help you narrow your focus to certain districts.

Renting in the Suburbs

The top rental hotspots London are placed in the suburbs. In certain London areas you can get a return yield of around 5% and when you consider that high performing fixed term savings accounts will only earn you 3.5% on your money it represents a good option to buy a property with the intention of renting it out immediately.

Soutwark, located in South East London, is a real money spinner for those renting out properties and you can expect to bring in between £1,800 to £2,200 per month in rent. Average house prices in the area work out at £400,000 and the average rent on a two bedroom property comes in at around £2,000.

The Wandsworth suburb in South West London is another example of the top rental hotspots in London and has an average property price of just under £430,000. You can expect to generate rent of between £1,500 to £1,800 per month for rent on a two bedroom house.

The average price of a home in Ealing in West london comes in at around £300,000 and rent prices can earn you approximately £1,200 to £1,400 per month.

Purchase a Property to Rent Out

In Newham, the average value of a house currently comes in at a highly afforfdable £230,000. This makes Ealing a real option for those of you looking to purchase a home and then rent in one of the top rental hotspots in London. You can expect to bring in between £1,000 to £1,200 on a two bedroom apartment with the average monthly rent price coming in at just over £1,100.

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