Portico’s property experts have picked 10 London property hotspots for now until 2021. They’ve highlighted the signs that show the area is on the up, and calculated the highest potential rental yield in each area.
First on their tip list (but in no particular order) is Hayes:
Hayes average 2 bedroom house price*: £340,000
Hayes average 2 bedroom rental price*: £1,250 pcm
Highest potential rental yield using the Portico Rental Yield Map*: 5.1%
Killer reason to invest here:
“When Crossrail launches in Hayes next year the area will suddenly be much more accessible and desirable to both investors and first-time buyers. Currently this west London town is only served by Great Western railway at Hayes & Harlington station, but from 2018 the Elizabeth Line will take residents into the West End in just 20 minutes and into the City in under half hour.
“Regeneration is smartening up the town centre, which will help deliver economic growth, jobs and a thriving economy. New pavements are being created on both sides of the road, additional street lighting improvements are underway, and a ‘Made in Hayes’ new landmark has just been unveiled. The council hopes this will give Hayes the wow factor; I think it will make it an attractive hub for young professionals and young families who can get more value for their money here than in other parts of west and east London.” Vatche Cherchian, Regional Director, Portico.
Guest post provided by Portico.
Disclaimers: Rental yields quoted here are statistical assessments taken from the Interactive Yield Map www.portico.com/yields on 28/06/17. They are not guaranteed and may be lower if the property does not achieve continuous occupancy. House prices and rental prices according to Rightmove and Portico market data, accurate as of 28/06/17.
Those considering investing in the London property market should remember that house prices do not only go up, they also can fall. There is no guarantee that Portico’s property experts will be right in their hotspot predictions.