Buying An Investment Property In Walthamstow?
Mon 07 Nov 2016
Walthamstow is an up and coming, vibrant part of London, which is proving more and more popular with Tenants. Rents have been steadily increasing, with properties letting in a very short period of time. But why is Walthamstow becoming so sought after?
With a wide range of good schools available, green open spaces and everything on your doorstep, many families are deciding to raise their children in this area. For working professionals, Walthamstow Central underground station takes you straight into central London on the Victoria line, or for those that prefer to commute by car can simply hop onto the A406. Students are also opting to move to Walthamstow, as the transport means then can attend London universities without the hefty London price tag on their rental accommodation.
This means that Walthamstow is appealing to all types of Tenants, which is why we predict the rental property prices will only continue to increase.
A wide variety of cultural influences also mean that Walthamstow appeals to Tenants of all backgrounds. Walthamstow's famous market attracts people from all walks of life and diverse cultural backgrounds. The William Morris Gallery draws tourists, locals and artists alike to visit, as well as schoolchildren, families and students. And Walthamstow Stadium, once the most famous dog racing track in the U.K., is no longer open, but has been turned into an exciting new development, which we believe will bring more people to the area, pushing up both housing and rental prices.
With rents in the area currently achieving up to £1,200pcm for a one bedroom property, and up to £2,100pcm for a three bedroom house, Walthamstow is proving to be a great area to purchase an investment property in. And, with so much progression, diversity and culture, we believe that this will only continue to improve.