Demand is increasing year after year as tenants are drawn to this part of the city thanks to its location, facilities ,lifestyle and properties are worth 78% more today than 6 years ago.
Interest in the London property market is booming, but for investors, fewer areas are more appealing and lucrative than Royal Docks. Over the past few years, demand for properties in this area has increased notably, and it is obvious to see the reasons for tenants preferences.
As one of London’s most exciting regeneration areas, the is especially attractive to those who are keen to buy property in London in an up-and-coming area of high investment, and the added bonus of its convenient location, close to Docklands and the City, only serves to boost its appeal.
With over £3 billion having been invested in the area’s regeneration, the Docklands are currently going through an exciting process of change and development
With attractive new homes under construction, improvements being made to existing housing and renovations underway to public spaces and streets, E16 is becoming an even more desirable location for investment thanks to increased demand from tenants who are keen to take advantage of the many benefits this part of London has to offer.
There are numerous reasons to invest in Docklands area if you are a landlord with a portfolio with properties around other regions in London as there is a ever- expanding community of bustling bars , cafes and sophisticated restaurants that cater for young professionals and families , making their home here. It can be looked at as the perfect blend between old and new out of the whole city of London .
Market researches show a constant trend in price increase for properties in East London , along with rent values, over the past six years.
Prospective investors can be confident that the trend is highly likely to continue, especially with the prospect of the new Crossrail station at Custom House being scheduled for completion in 2018. This additional mode of transport will complement the existing underground and DLR lines which already speed residents into the heart of London within just 15-20 minutes.
With so much interest in the Tower Hamletts, Newham, Barking, Dagenham and Redbridge areas, potential landlords can rest assured that their investment will be highly profitable. There is ongoing and continued demand for high quality properties in this part of London, and when the time comes to sell, investors will certainly see a profit on their purchase.
Buy and let property in East Lond0n
Hamletts team are experts in the East London property market. If have a property to let in , contact the team today on 020 8980 3377
