With uncertain times ahead for the economy as the nation recovers from the COVID-19 pandemic, there are three good reasons why property investment in London is attracting so much attention.
- Experts predict that, on average, prime central London house prices will have risen by 15.7% by 2024.
- According to Dataloft's report, Greater London rents have increased by 6.61% this year, despite the expected pandemic slump.
- The Stamp Duty Holiday remains in place until March 2021, providing opportunities for buyers to save up to £15,000.
If you are currently looking for properties for sale in London, here are three exceptional investment opportunities to consider.
1. Ashley Road, Tottenham Hale (apartments priced from £424,000)
This is the first building to launch in the long-awaited new centre for Tottenham Hale. Designed by the award-winning Alison Brooks Architects, this Tottenham Hale development includes 2-3 bedroom flats for sale, plus a variety of shops and new workspaces. Residents of this exciting new development in London enjoy high-quality amenities including an impressive entrance lobby with 24-hour concierge, a welcoming residents’ lounge and beautiful private gardens. Apartments in Ashley Road would make an excellent buy-to-let investment as Tottenham Hale is “poised to make the next giant leap forward”, according to Homes & Property. Developed by Argent Related (who were responsible for the acclaimed reinvention of Kings Cross), it seems that this exciting new hub for Tottenham Hale has a great future ahead.
2. Newcastle House, Hyde Park, W1U (2 bedroom apartment, £900,000)
The location of Newcastle House (in the heart of sought-after Marylebone Village) is what makes this particular property a wise investment. Average rents for apartments in W1U are £2,453 per month, and the purchase includes a share of the freehold. Marylebone is a highly desirable area known for its boutique shops, restaurants and cafes, while the green expanse of Regent’s Park is just a short walk away. The area’s excellent transport links include the Bakerloo, Hammersmith & City, Jubilee and Metropolitan lines plus Marylebone train station.
3. Kendal Street, Hyde Park, W2 (3 bedroom Georgian townhouse, £2,300.000)
Connaught Village is one of London’s best destinations for independent shops and charming cafes. Kendal Street is situated right in the heart of the village, with Hyde Park, Marble Arch tube and Paddington Station all within walking distance.
This lovely Grade II listed freehold property is beautifully presented (it doesn’t need any improvement!) and would make a fantastic buy to let investment. Besides two spacious receptions and three-bedroom/three- bathrooms, this property has excellent potential to be let as a shared accommodation for individuals or a family.
If you are looking for a second home or buy to let investment in London, we would love to help with your search. As leading estate agents, we have an impressive portfolio of luxury London properties to show you, and we’ll also be happy to advise you on the best mortgage options.
