Being a landlord can be a lucrative endeavour. That being said, it is a profession where you must be careful. There can be periods when you have no tenants living in your property. Such a scenario will do no favours for your cash flow. What you want to do here is use the best services for guaranteed rent Barking and Dagenham has. It protects your income because it ensures the council is responsible for finding tenants. You will get a stable income from the local authority, so there are no concerns.
Barking’s appeal
A huge part of the appeal to buyers is that it is part of the capital’s most affordable borough. However, it is not the only reason why individuals have their eyes on homes here. Other things the area has include impressive open spaces and high-performing schools.
One thing that stands out for many is the transport links. Overground, Hammersmith & City line, District services, and c2c trains all stop at Barking station. The M11 is only a short drive away too. You are even able to jump on the Elizabeth Line down the road at Ilford. Not to mention, the Overground has recently undergone extension to Barking Riverside. This has a river bus pier as well.
Most of the housing dates from the 1930s. However, there are also Edwardian, Victorian, modern, and late 20th-century properties. So, there is a good mix for all kinds of buyers and investors. The latter can benefit from our help to offer guaranteed rent in Barking and Dagenham.
From inner London to Barking
Two thirds of buyers move to Barking from inner London locales. This includes Tower Hamlets. They choose the area because the commute to the City is rapid, allowing them to get more for their money.
As for the most desirable area here, it is the Leftley estate. What you will find is big 1930s homes nestling on substantial plots. As a result, they are great for families.
The area is also responding to the need for more housing. As many as 50,000 homes are planned across Barking and Dagenham throughout the next decade.
Over 10,000 homes are going to be at Barking Riverside. This is one of Europe’s largest housing projects. The site is along a 2km stretch of the Thames. Eventually, as many as 30,000 people will live here. Cycle routes, sports facilities, and schools are already open. It is the same for The Wilds, a community centre with a focus on ecology. Furthermore, plans include a waterside restaurant and Wellbeing hub.
One, two, and three bedroom apartments are available at Bellway London’s Fielders Quarter. They all come with private exterior space. What’s more, there is a choice of interior features, as well as the use of a car club, concierge service, and gym.
Eastbrooke Village was also recently launched. The one, two, and three bed apartments start from £266,995. Contact us if you require the leading services for guaranteed rent Barking and Dagenham has.
Affordable homes at the Riverside
Around 44% of Barking Riverside homes are affordable at present. This includes shared ownership housing. Including a terrace or balcony, in addition to open-plan kitchen/dining/living rooms, two bed apartments start from £85,000 for a 25% share of £340,000.
Over 1,000 one to three bed apartments will be at Abbey Quay. This is a mixed-use scheme close to the River Roding. All of them come with open-plan layouts, modern bathrooms and kitchens, as well as some exterior space. Prices start at £332,000.
The most recent phase in Fresh Wharf is Teal Point. It also overlooks the River Roding. Two-bedders begin from £390,000, and five three-bed triplexes start at £505,000.
Challingsworth House comes with one and two bed shared ownership apartments. It is also only a short walk from Barking Station. For a 25% share of £300,000, you would need to pay £75,000.
We will protect your rental income with guaranteed rent in Barking and Dagenham
At Guaranteed Rent, we offer our services to ensure that your rental income is safe. In addition, there is another guarantee here. It is the assurance that the property will have excellent management to retain it. The local council will be in charge of this and we can offer extra support too.
So, if you need to use the greatest services for guaranteed rent Barking and Dagenham has, feel free to speak to us. You can start getting income quickly with us and the schemes have a great deal of flexibility in terms of length.
