A few weeks ago we wrote an article about the best areas for buy-to-let property in the UK. We asked experts across London for their opinions about Central London and the West End, Belgravia and West Hampstead. Well, we decided to go back and speak to these knowledgeable insiders and those from other areas of London to get further details …
Robert Lazarus, Sales Director, Paramount Properties, a West Hampstead estate agents:
“The Greek Roads in West Hampstead are always in demand. Eighty percent of properties are family houses which are in short supply in NW6; consequently they are popular with families. Parking is easier on the Greek Streets than in many other areas of West Hampstead and three train stations are within a ten minute walk. The independent shops and restaurants of West End Lane are a five minute walk away and Hampstead Heath is a twenty minute stroll.”
Richard Symes, Director, Eden Harper, an estate agents in Battersea:
“The area around Battersea Park has always been popular among investors, it has a great mix of riverside developments, converted buildings such as Kingsway Square and imposing mansion flats, such as those along Prince of Wales Drive. Serviced by the two main line stations of Queenstown Road and Battersea Park, transport links to central London are very convenient.
However, the transformation set for the iconic Battersea Power Station has even more investors flooding into the area. The plans for the site are to provide a rich new quarter of Central London, revitalised by housing, shops, galleries, restaurants and bars, as well as hotels, offices and green space. The icing on the cake is the planned extension of the Northern Line into Nine Elms and Battersea Park and we haven’t even touched on the impact of the planned relocation of the American Embassy to nearby Nine Elms!”
Ajaye Gopal Director, Eden Harper, letting and estate agents in Brixton:
“Brixton has long been a popular area for investors, primarily because of its Victoria Line underground station and numerous bus routes to the City and the West End, as well as its abundance of attractive Victorian terraces. Recently, the town centre has started to transform as a result of significant investment into local regeneration. The Brixton vibe is the talk of much of South West London and Brixton Village has established itself as one of the trendiest eateries in London. All this has prompted a rise in interest from investors, particularly those from overseas. The most popular areas are those around Brixton town centre, Brixton Hill and also around Brockwell Park.”
John Collard, Robert Holmes, estate agents in Wimbledon:
“I stand by my earlier comments about Wimbledon Village offering a very good deal for investors looking for long-term returns. It’s such a popular part of town due to its village and country feel and is situated near to major trainlines.”
As you can see, London is a wealth of opportunity for keen investors looking for a good return. We hope you found this article useful and would love to hear your feedback!