Let to Barking and Dagenham Council
– Area Guide
Home to over 30 listed buildings, some 200,000 residents and a number of new property developments, Barking and Dagenham has plenty to offer property investors.
It lies roughly 9 miles from central London, and this nearness to the capital is just one of many reasons it is proving a promising destination for tenants. Excellent transport links via the Hammersmith & City line, stunning 20th century houses, ample parks along with lots to do in the way of nightlife and shopping has helped the popularity of this London borough stand the test of time.
Why invest in Barking and Dagenham?
Barking and Dagenham is one of the few London boroughs in which there is space for new properties and amenities to be built.
As it was one of the host boroughs for the London 2012 Olympics, Barking and Dagenham has already received a number of renovation projects that rejuvenated the area. Research has shown that London’s housing supply substantially fails to meet the demand; in fact, between 2005 and 2013, just 175,000 new homes were built compared with the 900,000 new inhabitants that moved to London. Barking and Dagenham has lots to offer investors from this standpoint compared with other boroughs, as there were over 3,500 new homes built at Barking Riverside in 2010, with a further 7,000 expected to be built by 2020. For landlords who are quick off the mark, securing one of these new properties could help them maximise their return on investment. Furthermore, over three quarters of a billion pounds has been secured to invest in the area, which will further improve transport links and infrastructure.
From a price perspective, Barking and Dagenham is the cheapest borough in London in which to buy a home, with the Land Registry listing the average price as £292,494 – well below the overall London average of £531,000. However, the arrival of new properties to the market, the aforementioned investment in infrastructure and the projected annual price increase of 11.7 per cent means that prices won’t remain this low for long. On average, landlords can expect to charge around £630pcm for a one-bed property, but there are real deals to be had when renting to students, as roughly 15 per cent of the students in Barking and Dagenham rent privately.
At Central Housing Group, we work with landlords throughout the Barking and Dagenham region, including Barking, Barking Riverside, Becontree, Becontree Heath, Castle Green, Chadwell Heath, Creekmouth, Dagenham, Dagenham Dock, Marks Gate, Rush Green, and Thames View. These areas encompass the following postcodes IG11, RM5, RM6, RM7, RM8, RM9 & RM10. We can provide assistance with renting to local authorities and using our many years of letting experience can provide landlords with a quality management service.
Let to Barking and Dagenham Council
By working with Central Housing Group, a highly respected and award-winning letting agent, you can let your property to Barking and Dagenham council or another London council.
We can guarantee rent payments for up to five years, and our experienced property portfolio managers can assist landlords with all aspects of day-to-day management of properties as well.
To learn more about the benefits of ‘renting to the council’ with Central Housing Group, contact us today.
When you choose to rent your property through us, your rental income is guaranteed. Our service makes your rental journey stress-free – we take care of your investment on a day-to-day basis and will even deal with your tenants, so you don’t have to. We have provided our services to hundreds of landlords since we established our business in 2000 – have a look at what some of them have to say about us and take the next step in letting your property to Barking & Dagenham Council.
With just a short, online form, you can request a free rental valuation for your property so you can see what income you could be making from it. As guaranteed rent specialists, we will give you an honest valuation and have your property let to the council quickly and efficiently. As a trusted and well-established letting agent, your property and income is in safe hands.
List of areas we cover
Letting to Barking & Dagenham Council
Letting to Barnet Council
Letting to Brent Council
Letting to Ealing Council
Letting to Enfield Council
Letting to Haringey Council
Letting to Harrow Council
Letting to Hillingdon Council
Letting to Hounslow Council
Letting to Newham Council
Letting to Redbridge Council
Letting to Waltham Forest Council