Is London still worthy of property investment?

30/04/2018 07:27


Property investors are always on the lookout for the new hotspots that are good for investment and will offer them great returns and renting opportunities. 


In recent years, the North has been garnering attention as a good place for investment thanks to low prices and continuing development and gentrification in cities like Manchester and Liverpool.


At the same time, house prices in London have been plummeting for the first time in over a decade, causing many to question whether the capital is still a prime location for those ready to hop on the buy-to-let ladder.


While property demand in London has certainly taken a nosedive, there are still boroughs that are worthy of property investment.


Mitcham

This south London suburb has undergone some serious gentrification over the last couple of year so naturally, the area is alive and kicking, perfect for investors ready to snap up affordable flats and houses. The town centre has undergone a fairly extensive makeover and nearby neighbourhoods Tooting and Colliers Wood also have improved high streets, boosting the surrounding areas and ensuring residents have a great selection of shops, restaurants and bars.


Ilford

Ilford is set to become a hotspot for city workers thanks to the opening of the Elizabeth line, set to take place at the end of 2019, which will offer services to Bond Street in just 24 minutes. The area is also benefiting from improved green spaces and cycle paths, perfect for attracting eco-friendly millennials.


South Norwood

Situated south of Crystal Palace, South Norwood is hailed by those that live there for having an exceptional sense of community, something that is often hard to stumble upon in bustling London. The local council has also recently been investing in parts of Portland Road and Station Road that includes landscaping and improved footways. There will also be better parking access for local shops.


Walworth

While most working professionals in London would of course live in the centre of the city if they could, there are plenty of great places nearly that make commuting easier than ever, with Walworth being high on that list. It is barely 2 miles from Trafalgar Square and also boasts quirky markets and plenty of history.

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