Investing in areas pre-gentrification can provide fantastic returns for investors. This move gives them the opportunity to buy at a lower price and benefit from the rise in demand when development comes and standards increase. Pinpointing which areas will attract investment can be tricky and investors may hold on to properties for a period of time before the anticipated development occurs. Patience can really pay off though.
Abbey Wood is one of the potential hotspot areas that are patiently awaiting gentrification. A lot of the key ingredients are already there including good local primary schools and proximity to the good grammar schools in nearby Bexley. There are great green spaces at Birchmere and Southmere Parks; both are home to lakes and pleasant walks.
Although Abbey Wood itself is not yet the focus of development it is benefitting from the regeneration going on in nearby Thamesmead. New homes are being created there as well as public and retail spaces. From next year the Elizabeth Line will also serve the area, providing faster commuting.
The most attractive thing Abbey Wood offers is affordable prices. Family homes in the area can still be bought for around £500,000 and have gained between 20 and 25% in value over the last 18 months alone. With further development and an increase in popularity this price could rise higher still.
At Finefair we can assist investors who are looking at long term returns. We understand the value of being patient and getting a healthy income for a property in the short to middle team. This knowledge has helped us to become the leading provider of guaranteed rent Bexley, and Abbey Wood in particular, has to offer.
The biggest advantage with guaranteed rent is the schemes are generally flexible. As a result you could choose to find tenants for a year or two and keep an eye on the potential capital gains. On top of this incomes are assured and the properties will be professionally managed.
If you would like to find out more about the services we offer please get in touch. We are happy to help and deliver the level of customer service you would expect from the best name for guaranteed rent Bexley has to offer.