Investors can win big by predicting which areas will become a property hotspot in the future. They can get in early, buy assets when they are cheaper, and then enjoy a healthy yield when demand pushes rent rates up or sell for a profit. Finding the right spots can be difficult though. A location that is showing signs of becoming one is Southall. We want to have a closer look at it today, then if you need guaranteed rent in Ealing you can speak to us.
The prediction
The main thing that points to Southall’s potential as a hotspot of the future is the growth in values recently. According to recent data for an investor guide for the property developer Berkeley Group, overall property prices in the area are up 15% since 2022. That is good news when some areas have had a hard time with values dipping.
Perhaps even more impressively, the data says that the annual growth for new build properties has been 10.2% for the last decade. It suggests there has been healthy interest in these assets for a long time.
The inspiration
A number of factors make Southall an interesting spot and great for guaranteed rent in Ealing. Firstly, it is one of the seven major towns in Ealing. There are plenty of amenities in the commercial centre around High Street and Southall Broadway. Plus, there is a residential area that is much quieter with a great mix of housing.
There is also a lot of regeneration taking place. The biggest development is the creation of the Green Quarter. Berkeley has a scheme in the heart of the area that will create thousands of new homes. There will also be acres of new greenery, including two parks and wetlands. Plus, there will be plenty of new amenities such as a gym, community, and retail space. All of this is on the former gasworks site.
Southall is also very appealing to commuters. It has plenty of fantastic transport links, including the Elizabeth Line and local bus services. The Tube means locals can travel into Paddington, Central London, in under 15 minutes. Liverpool Street is around 25 minutes, making it perfect for people who work in the City. Plus, Heathrow is just 10 minutes to the west.
If that wasn’t enough, Southall is on the Grand Union Canal. It offers a number of benefits, including nice walks and cycling trails. Anyone with a passion for boats will have a lot to love too. They can take pleasure craft and houseboats on the canal.
Is it time to invest?
There is plenty for investors to consider if they are looking for a location to target. Berkeley Group recommends Southall because of all the reasons above. They also said that investment properties could offer an impressive 6% yield per year. That is a good percentage, especially when you think the UK average in 2023 was 4.75%.
Do you want guaranteed rent in Ealing?
If you do decide it is time to invest, we can provide a number of useful services. Most notably is rent guarantees. This ensures you get rental income from properties month by month without fail. In fact the service will automate payments so you never need to worry. Plus, it can take care of management and more, making it a convenient option.
So, if you want to learn more about guaranteed rent in Ealing or any of the other things we can do, please get in touch. You can rely on us to help with various investment strategies, including targeting potential hotspots.