Why Is There A High Demand For Rental Property In Chingford?

Wed 19 Oct 2016

 

London is a vibrant and lively city, which attracted 18.6 million visitors last year alone from all over the world. Central London is host to a wide variety of attractions with something for everyone, which has resulted in a hefty price tag when it comes to renting in the city centre. This means that more and more people working in London are choosing to live in outer London, with only a short commute to fantastic events and outings, nightlife, and of course work, which also results in a more peaceful home and a lower rent.

Chingford is one of the rental areas growing in popularity. The Overground train stations in North Chingford and Highams Park allow commuters to travel straight to Liverpool Street, or to change onto another line for easy access to the city centre. There are numerous buses and an excellent road network around Chingford, which also allows countless options to commuters and those seeking activities outside of Chingford, but what about Chingford itself?

North Chingford is an idyllic place to live. It consists of many quiet residential roads, with some lovely architecture, and plenty of rural pockets and greenery. Station Road provides a good shopping opportunity with many local and boutique shops, as well as restaurants, bars and cafes. North Chingford is on the very edge of Epping Forest, which allows families, dog walkers and couples ample opportunity to enjoy the countryside and outdoor space. There are also regular markets and events held throughout the year, as well as visiting circuses and funfairs.

South Chingford, although more urban, has a wealth of local businesses and parks, making it a great area to work and live. The “Old Church” building opposite Chingford Mount cemetery dates back to the 13th Century, and overlooks the busy high street. Should you tire of the variety of restaurants and bars, you can always check out a book at the library and immerse yourself in it at one of the cafes or coffee shops.

So what about rental properties? The booming business sector in Chingford means there are plenty of jobs available locally, as well as the excellent transportation links which allow commuters a quick journey to work, ideal for professionals without that Central London price tag, which means more property for your money. The local schools often receive glowing reviews from Ofsted, and with a wealth of local activities and greenery, Chingford is the perfect place to raise a family.

For Landlords, the popularity of the area means that good tenants are keen to rent, and properties are much sought after. House prices are increasing, which means rental prices are also increasing as more people are looking to rent in outer London with the option of commuting. Chingford is a great place to live, and is becoming more popular with the rental sector. Tenants can get more for their money in a vibrant and beautiful area, and Landlords are seeing greater returns on their investments, meaning Chingford is only becoming more popular.