Newham is one of the most attractive areas in London as a result of the rapid rate of house price increases. According to the latest Government figures the Borough has seen prices rise by just short of 21% in the last year, outperforming the 12.3% average for the whole of the capital.
The increase has been driven by high demand for homes in the area because of its affordable status. The average price of a home in the Borough is around £359,000, putting it a long way behind the ONS and Land Registry figure of £485,000 for the typical value of homes in London. This means that owner occupiers can enjoy great savings. It also means that investors could stand to earn a good return if prices continue to grow.
There are several attractive areas in the Borough of Newham for buyers to look at. Stratford is the most northern of these but offers plenty of good attractions including a multitude of transport links and green spaces. The area is well regarded as one of the most significant for leisure and shopping, putting it alongside other established locations.
Royal Docks is another attractive area in the Borough. The whole ward is based around the water, enclosing three docks named after Royals. The area has the honour of being the largest enclosed dock in the whole world. It also offer good school and leisure opportunities, making it even more attractive for residents.
Canning Town is a third popular location in the area. It is well located being just a short distance from Canary Wharf. The local Tube Station offers connections across a large part of London on the DLR Line.
At Finefair we work closely with property owners across Newham who are looking to make the most from their investments by letting them out. We offer a range of services in this regard, including block management and maintenance solutions. With our help landlords can have complete confidence their properties are looked after. We will even ensure rent is collected effectively if you wish us to do so.
If you have any questions about Newham or our services for landlords please contact us.