Finefair work with people who have an interest in finding the best property investment Redbridge has available. We work with various buyers, including investors thinking about long term letting. Our services are first class every time.
An area can become a hotspot because it is popular with commuters. Good transport links increase demand for rentals and homes available to buy. As a result locations in London with Tube Stations tend to generate the most interest. Surprisingly though some of these areas can still offer affordable prices.
Redbridge is a popular part of North London and has some of the fastest transport links into the centre of the city. As a result it has become a location that many commuters take a serious look at. New data supports the fact that the area has some of the most affordable locations to commute from.
Surprisingly Redbridge itself was the top area. Homes close to the Tube station cost an average of £182 per week in rent. It takes around half an hour on the Central Line to reach Oxford Circus and there are easy connections across the capital. In addition to being the cheapest area in this Borough, Redbridge is ninth on the list of most affordable commuter spots in London.
Woodford (£191), Wanstead (£204) and Hainault (£222) are also top locations in the Borough. Journey times to Oxford Circus from these areas take around 35, 30 and 45 minutes respectively.
Commuters typically want to get the perfect balance of journey time and rental prices. Some people are willing to pay more for homes to shave time off their commute time. Looking at the data, every minute off a journey costs around £7.20.
Best and worst
In London as a whole the best performing location is Seven Sisters. With a 15 minute commute and an average weekly rent of £209, it is a fantastic area.
The worst area on the other hand is Hammersmith. Commuters may only need to spend around 25 minutes travelling to Oxford Circus but the average rent is sky high at £484 per week.
Finefair can help investors looking at different commuter spots. If you want to find the best opportunities for property investment Redbridge has, make sure you look at local stations. We are happy to offer advice and a range of useful services; simply contact us today.