10 London Areas Tipped For House Price Growth

LONDON - July 10, 2017 - PRLog -- 1.   Hayes

Average 2 bedroom house price*: £340,000

Average 2 bedroom rental price*: £1,250 pcm

Highest potential rental yield using the Portico Rental Yield Map*: 5.1%

"When Crossrail launches in Hayes next year the area will suddenly be much more accessible and desirable to both investors and first-time buyers. Currently this west London town is only served by Great Western railway at Hayes & Harlington station, but from 2018 the Elizabeth Line will take residents into the West End in just 20 minutes and into the City in under half hour." Vatche Cherchian, Portico.

2.   Enfield

Average 2 bedroom house price in Enfield*: £380,000

Average 2 bedroom rental price in Enfield*: £1,325 pcm

Highest potential rental yield in Enfield using the Portico Rental Yield Map*: 4.4%

"We're seeing an increasing number of people venture further out of London to get more space for their money and Enfield is the last major area before you go outside the M25. It has great transport links for road users and several stations taking commuters directly into Moorgate or King's Cross, as well as great schools and a good mix of both houses and flats, making it an attractive area for professional couples and people looking to start a family." Mark Lawrinson, Portico.

3.   Hanwell
Average 2 bedroom house price in Hanwell*: £580,000

Average 2 bedroom rental price in Hanwell*: £1,400 pcm

Highest potential rental yield in Hanwell using the Portico Rental Yield Map*: 4%

"Neighbouring Hanwell and West Ealing will be serviced by Crossrail next year and have already seen some healthy property price growth as a result of this. I expect property prices in the area will continue on their upward climb over the next few years." Vatche Cherchian, Portico.

4.   Southwark

Average 2 bedroom house price in Southwark*: £690,000

Average 2 bedroom rental price in Southwark*: £1,993 pcm

Highest potential rental yield in Southwark using the Portico Rental Yield Map*: 3.6%

"Southwark has become an extremely attractive place to settle thanks to vast regeneration and development in the area. It has always been a hub for art and culture, but there has been a surge in new restaurants, nightlife and amenities as of late, which has only added to the area's appeal." Vatche Cherchian, Portico.

5.   Camberwell

Average 2 bedroom house price in Camberwell*: £550,000

Average 2 bedroom rental price in Camberwell*: £1,600 pcm

Highest potential rental yield in Camberwell using the Portico Rental Yield Map*: 4.8%

"Since the Overground arrived in Camberwell back in 2012, this Zone 2 area has gone from strength to strength. It is a magnet for arty, young creative types and young families, drawn to the cool brunch spots, pizza places and craft pubs with busy beer gardens.

Camberwell's good supply of family period housing and affordable property prices are drawing in those who are being outpriced of more expensive neighbouring areas such as Clapham, Balham, Brixton and Dulwich."
Vatche Cherchian, Portico.

6.   Lewisham

Average 2 bedroom house price in Lewisham*: £425,000

Average 2 bedroom rental price in Lewisham*: £1,495 pcm

Highest potential rental yield in Lewisham using the Portico Rental Yield Map*: 4.8%

"Lewisham Gateway is a major regenerationn scheme which has put Lewisham firmly back on the radar for homebuyers and investors. So far the scheme has enhanced Lewisham town centre, improved access to its public transport hub and built hundreds of new homes, and there is more regeneration to come."  Vatche Cherchian, Portico.

7.   Haringey

Average 2 bedroom house price in Haringey*: £535,000

Average 2 bedroom rental price in Haringey*: £1,475 pcm

Highest potential rental yield in Haringey using the Portico Rental Yield Map*: 4.1%

"The Haringey Ladder is an area that has been overlooked for years and has seen little gentrification, but is now starting to emerge as a key property hotspot. It is being squeezed by surrounding developments and areas such as Finsbury Park and Crouch End, where prices have already seen significant increases.

Furthermore, the Haringey Ladder pushes onto Wood Green, which is one of the proposed routes for Crossrail 2. If Crossrail 2 is given the green light, it's very likely we'll see significant change to this whole area, which will push up house prices significantly." Mark Lawrinson, Portico.

8.   Tottenham

Average 2 bedroom house price in Tottenham*: £400,000

Average 2 bedroom rental price in Tottenham*: £1,450 pcm

Highest potential rental yield in Tottenham using the Portico Rental Yield Map*: 4.5%

"With the new stadium construction beginning this year and plans for further flats to be developed on the old site and surrounding areas, Tottenham is now about to undergo the regeneration it has been desperately waiting for.

The station at Tottenham Hale has already undergone full refurbishment and offers great access into London, with the Stanstead Express taking you into Stanstead Airport in just 30 minutes. Further London infrastructure improvements will come as a result of the new stadium, and I believe we'll see some great and significant changes to the area over the coming years." Mark Lawrinson, Portico.

9.   Woolwich

Average 2 bedroom house price in Woolwich*: £450,000

Average 2 bedroom rental price in Woolwich*: £1,450 pcm

Highest potential rental yield in Woolwich using the Portico Rental Yield Map*: 3.8%

"The historic site of the Woolwich Arsenal barracks are already undergoing significant development, but the area has been unable to be truly elevated due to the lack of good transport links. When Crossrail opens in Woolwich in December 2018 it will give the area the boost it has been waiting for." Mark Lawrinson, Portico.

10.          Forest Gate

Average 2 bedroom house price in Forest Gate*: £300,000

Average 2 bedroom rental price in Forest Gate*: £1,350 pcm

Highest potential rental yield in Forest Gate using the Portico Rental Yield Map*: 5.5%

"Property prices in Forest Gate have ballooned in recent years thanks to Crossrail's imminent arrival, but the area still has potential for price growth. The area is starting to gentrify, and offers stunning, affordable Victorian and Edwardian properties and a location on the doorstep of the popular Wanstead Flats." Mark Lawrinson, Portico.

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