Outlying areas on main transport routes into Central London are becoming increasingly popular amongst buyers. The locations tend to offer more space and better value for money than locations close to the city centre. With good transport links and the affordability, it is no surprise that so many people are looking at buying and renting in the areas.
Bromley is a great example of the above. The principal town of the Borough of the same name was once a historic market town. It enjoyed impressive growth because of its location on a coaching route from Kent to London. Over the years the area has grown, enjoyed regeneration, and become an attractive place to live.
The current wave of regeneration is being driven by the creation of a new urban quarter; St. Marks Square. The renewal of the area will see the creation of new apartments plus a hotel, leisure facilities, commercial space, and a public plaza. This will attract new residents, particularly with the fact that Bromley still enjoys such great connections to London and is served by three train stations.
The wave of demand is set to drive prices in Bromley to an average of £500,000 by 2020. Buyers and renters will continue to be attracted to the area though because of the aforementioned benefits and the attractive location.
At Finefair we provide a broad selection of services to investors, including council leasing in Bromley. We have worked in the town and the wider Borough for a number of years, gaining a fantastic knowledge of it in the process. We have seen the growth in popularity and can offer the very best advice to all of our clients.
If you are looking for a service that provides good security for the monthly income for a property council leasing is good for you. It allows you to make your property available to Bromley Council and will see them find tenants to occupy it. They will pay the rent, collecting it from the tenants themselves, and take care of maintenance and management.
To find out more about council leasing in Bromley, please get in touch with our team.