Bexley is experiencing very high demand for rental properties due to the fact that it became the cheapest Borough in terms of rents earlier in 2016. Erith became the most affordable area, with monthly rent on a two bedroom house standing at £1,045 in October. This was around half the average wage for London and put the area far ahead in terms of affordability.
Erith has a number of attractive features that make it even more appealing to renters. Firstly there is the fact that the commute to London Bridge is around 40 minutes thanks to the direct train services. The town is located in Zone 6.
Additionally the area is a short distance from Dartford and Bexleyheath. This means there is plenty of amenities. Nature lovers have a number of green open spaces to choose from too, including Northumberland Heath. There is also a stretch of riverside and the longest pier in London is in the area.
The supply of rental homes in the capital has been on the rise this year. In fact it has translated to a 15% year on year increase in the availability of properties. This has offered big benefits for tenants but many are still looking for homes in the most affordable areas. Luckily these are the locations where an increasing number of people are looking for investment properties.
The increase in supply has seen a reduction in competition for properties though. This can worry some landlords, particularly if they are concerned about void periods. Fortunately there are services you can choose to completely avoid these. The solution is guaranteed rent.
At Finefair we are established as a leading provider of guaranteed rent schemes in Bexley. We can provide security for landlords, delivering guarantees on rental incomes for a period of time. We achieve this by working on your behalf to find tenants. Alternatively you can let the property with the local council and they will take on this responsibility. With both options your income is secured.
If you would like to find out more or plan on making a property available please contact us for information.