If you’re searching for an affordable property in London, two boroughs are definitely worth looking into: Bexley and Barking and Dagenham. The average house price in Bexley stands at £287,732, whilst the average price of a home in Barking and Dagenham is £278,604. This makes these two boroughs the only boroughs with prices below an average of £300,000, according to figures released by the Land Registry.
Besides the relatively low prices, these two boroughs offer a wealth of appealing qualities which means you are certain to have a great chance of securing quality tenants to occupy your investment property. Bexley is a unique little borough which hosts a number of churches and a range of stunning architecture, such as Danson House, Red House and Hall Place. There is also the ever popular Danson Park, an idyllic park which is perfect for relaxing away from bustling city life.
Barking and Dagenham also hosts many different attractions and parks, including Eastbrookend Country Park, Parsloes Park and Barking Park. It’s a beautiful, open borough which is much sought after by many tenants and investors, making it a smart place to seek an investment.
For prospective investors who are looking for smart options, these two boroughs offer an excellent location in which to invest without breaking the bank. Our team at Finefair can help you to make the right choices, whether it’s your very first investment or you’re adding to a portfolio. Whatever kind of property you’re looking for, we can help you invest and provide you with comprehensive guaranteed rent alongside property and estate management in Bexley, Barking and Dagenham, and every other area of London.