Barking and Dagenham could remain a popular investment area in 2017

The start of the New Year is a time for property investors to reacquaint themselves with the market and decide which areas to target in the coming year. It is important to do this to ensure they don’t miss out on any opportunities.

The first place to start is looking at which areas offer the best in terms of investment potential. According to Land Registry and ONS figures from the end of 2016 Barking and Dagenham is one of the most attractive areas in the whole of London. It was revealed as being the most affordable place to purchase a home in the capital, enjoying an average price of just £288,000.

Although it is currently the only London Borough to fall below an average price of £300,000 Barking and Dagenham has enjoyed a big surge in prices in recent years. Over the last year alone the figures claim that growth was 18%.

Barking and Dagenham is proving to be popular for all kinds of buyers as a result of the affordability, popularity, and price growth. It is believed that four of every ten properties are sold to first time buyers. Of the other six some are sold to people looking to move up the property ladder, people downsizing, and investors looking to purchase properties with great potential for further price growth.

People interested in property investment have a number of opportunities in the Borough. There is demand for rental properties as a result of the prices and the good transport links. The rising prices also mean that people have the opportunity for bigger capital returns in the future if they let the properties they own for a while.

At Finefair we can help investors looking to purchase properties and let them out. We offer several services in Barking and Dagenham including council leasing, guaranteed rent, and various management solutions. Our focus with each service is to help our clients achieve their investment goals.

Council leasing in Barking and Dagenham is a particularly attractive option for many investors. It gives them an assurance on a stable rental income for as long as they choose to let with the local authority. This is great security.

If you would like any additional information from us please get in touch.