Barking revealed as Londons top location for rental yields
Barking has been revealed as the best place to invest as Londons top location for rental yields by London estate agents Portico.
The agency, which can trace its history back to 1818, produced a rental yield Tube Map, which found that the East London town was the best location for landlords and investors looking for solid returns.
The map analysed the top eight areas for rental yields in London. Below, Property Investor Today takes a quick look at where these were.
Barking (yields of 6.2%)
The popular zone 4 hub is one of the most affordable locations in London, but also offers fast and easy transport links to more central areas. It has two Tube lines and easy access to the motorway for those looking to escape London life. The average property price is £254,943, up by 26% since 2015.
East Ham (yields of 5.8%)
Slightly closer to the capital than its near neighbour Barking, East Ham is another popular commuter hub which is expected to experience significant regeneration in the coming years. As a result of the recent closure of West Ham United’s ground, which was based in East Ham, a number of new property developments have sprung up in recent times.
Strong transport links make it an ideal location for London workers, while the average property price is £383,469, up by 4% on last year.
St James’s Park (yields of 5.6%)
The most central high-yield location in Portico’s research, the area is best known for the beautiful 57-acre royal park that gives it its name. An exclusive, high-end part of town – reflected in an average flat price of more than £1.5 million, up by 3% on last year – it is a short walk from Victoria, which provides great transport links to southern England.
A highly sought-after location, it has easy access to Oxford Street and Mayfair, as well as a wide number of cafes, independent shops and restaurants.
Newbury Park (yields of 5.3%)
Found on the Central Line, a couple of stops from Stratford, Newbury Park is less than half an hour from Central London and is a popular location among commuters and young families, as well as being a property investment hotspot.
Average property prices are £438,909, up 11% on last year.