Investing in properties can often earn you more than other options, including ISAs and stocks or shares. However, you need to be careful. The market can be volatile and there is a risk of a fall in values too. One thing you can do if you invest in buy to let is to choose rental guarantees. They can protect you from losses from voids and non-paying tenants. We can help, offering the very best guaranteed rent Lambeth landlords can ask for.
House prices have been growing at a very healthy rate in much of the UK in the past year. In fact, according to new ONS data, the growth has been faster than earnings in 91% of local authorities. This can make it harder for people to get on the housing ladder, restricts the mobility of people on it, and can make it tough to invest in property too.
Affordable pockets
However, the picture is not as bleak as it may first appear. Yes there are some locations that will be out of budget for many buyers. But, if you refine your search you could find homes below the average price. This is true even in London where house prices are the highest in the UK.
The current average price for a home in London is over £664,000. However, every borough bar two has areas with prices below £600,000. Plus, twenty boroughs have areas where the price is under £400,000. We can help people to choose where to target. Then, we can also offer guaranteed rent Lambeth investors can trust or arrange solutions in other areas.
Notable locations
There are some really impressive examples of more affordable pockets in different boroughs. Maida Hill in Westminster is one of the most interesting. The average price for the borough is over £1.5m, the second highest in London. However, if you look west of St John’s Wood you can find some wonderful period homes where the average is just under £600,000. It is becoming a popular alternative to Maida Vale.
When most people think of Hammersmith and Fulham they likely imagine £1m homes. However, you don’t need to have this kind of budget to afford to live in the borough. In fact, in White City you can get homes for an average of just £374,400. The area is in the midst of big changes too, so it could be a great spot for the future.
Camden is a very popular borough with tourists and residents. However, this is reflected in the £1.2m average house price. Again though if you look at different areas you can make your money go further. Bloomsbury is a good choice here. The eastern part of the area has an average price that is not far over £500,000. It is a popular spot with students because there are so many universities nearby. So, it is definitely a good option for investors.
Ask us about guaranteed rent in Lambeth and more
So, buyers can find some really great options if they are willing to be more flexible in the areas they target. It may be prudent to look at lesser known spots that are on the up rather than areas where prices are already sky high. This is especially wise if they are locations with impressive amenities like transport links.
If you do choose to invest, we would love to support you. Our goal is to provide the most rewarding guaranteed rent Lambeth has to offer, as well as catering for all other parts of London. The schemes are easy to set up, give you all of the assurances you need, and can vary in length to suit any needs.
So, if you want to learn more, please get in touch.
