In years gone by, it was traditional that a person starting out in their career would purchase a house. These days, young people and more and more likely to rent rather than buy, as they prefer the flexibility and ease that rental properties offer them. If you are looking for a buy to let property, it may be a sensible idea to target tenants such as young professionals looking for their first home.
There are many areas of London which are particularly appealing for these types of tenants; look for qualities such as close proximity to transport links or close to areas of business. As an expert lettings agent in Islington, we are perfectly placed to help you make the right investment and find young professional tenants to occupy your investment properties.
Here are some of the best areas for landlords who are looking to appeal to young adults and professional people in search of a place to base themselves in the capital.
- Brixton. This lively and cosmopolitan South London region has many affordable housing options which are making it increasingly popular for young professionals. Brixton has been transformed in recent years into a desirable area, but has still retained much of its unique character, and its many pubs, clubs, restaurants and music venues make it particularly appealing for young people.
- Islington. As this inner city area is in Zone 2, it offers easy access to the centre of the city, making it a great option for young professionals and families. It also boasts abundant transport options, vibrant nightlife and many cultural attractions.
- Camberwell. This artistic area of London is home to many students attending Camberwell College of Arts and Goldsmiths College. With its exciting cultural scene and charming Georgian properties, this area offers good value for money when it comes to property investments.
- Shoreditch. Combining finance and business with creativity, Shoreditch is a fashionable spot for all kinds of young professionals. The area is home to an eclectic mixture of Liverpool Street and City bankers, artists, market traders and technological entrepreneurs.