There are many boroughs throughout London that have been tipped for increased popularity in 2016 due to various development projects, substantial investments and the introduction or improvement of convenient transport links. Bromley is a large suburban town and one of the major metropolitan districts identified in the London Plan. The town has always been popular among renters due to its two railway stations, cultural offerings and Intu Shopping Centre. The area is becoming increasingly appealing to first time buyers, as well as buy to let landlords looking to maximise on the influx of renters.
Fast and efficient transport is crucial for commuters in the capital, and can heavily influence the decisions of renters. Bromley South Station operates a non-stop service to London Victoria in less than 30 minutes, along with a service that calls at a number of other boroughs including Sevenoaks, Swanley and Orpington. Bromley North Station runs a service to London Bridge and Charing Cross with a change at Grove Park. The area is also served by many Transport for London bus services.
A £90 million redevelopment is currently underway at Bromley South Station which will introduce more eateries and a new multiplex cinema. Intu shopping centre will also be expanded to accommodate more restaurants and boutiques. A wide range of luxury apartments and properties are consistently under construction in the area, presenting fantastic opportunities for investors and new and established landlords.
The ever-increasing construction of new properties and the growing number of renters heading out of the centre of the city in search of affordable accommodation in up and coming areas only serves to boost the rental opportunities of an area like Bromley. If you are a landlord or portfolio holder looking for a new investment opportunity for 2016, we can provide a range of investor services and help you find the right property for your needs. We offer complete property and estate management in Bromley and beyond, and we ensure our clients benefit from our proficient and experienced property market specialists.