High return potential in Havering

While it’s known as one of the most expensive cities in the world there is still a chance to make a good return on property investments. Landlords especially are able to benefit, especially if they have properties in attractive Boroughs. They can gain a considerable rental yield back from their investments as a result. Havering is proving to be one of the best places to invest in rentals.

Despite the ever-increasing house prices in London making it difficult for landlords to attain high rental yields, it was recently found that returns of more than 8% are still feasible. Research was conducted through the use of an interactive yield map to study each Borough in the capital on a street by street base to discover the highest potential yield for landlords.

Data accumulated showed that the highest rental yield of 8.3% was located in the Borough of Havering, in the Romford postcode area near Whybridge School. The average rent for the month for a two-bedroom flat here is surprisingly only £1156, £600 less than the average month’s rent of £1756 over the whole of London.

For those unfamiliar with rental yield, it’s basically a measure of the return a landlord gains on a property investment, or the profit they make in simpler terms. Property yields can be affected by a plethora of factors, including regional disparities and property prices, and a fluctuating house market. In the first years of letting a property, the mortgage payments can be higher than the rental yield. Over time though, a well-made investment can offer capital growth and a decent rental yield.

At Finefair we have had the pleasure of working with thousands of landlords and investors and have provided them with triumphant investments. Not only do we help them to find the ideal properties, but we also provide guidance and information throughout the whole process, offering suggestions they might not have considered. We truly are one of the most highly regarded options for people seeking a lettings agent in Havering.