The British capital may not have received the most favourable headlines in recent times as far as its buy-to-let market is concerned, but it seems that there’s still plenty of reason for cheer for many of those requesting a home inventory or check out report in London from a company like ours.
Indeed, according to a study from letting agents Chestertons, there has actually been an increase in rental yields in many parts of London over the past year – and the chances are strong of continued rises.
What did the study find?
While rental values in some of London’s prime central locations are still feeling downward pressure, considerable upticks have been recorded in other areas of the capital.
It is Chiswick that tops the research’s rankings as the pocket of London that has seen the most significant growth in its gross rental yields during the last year. Its recorded increase from 3.3% to 4.3%, in fact, equates to an almost 30% change.
However, Tower Bridge and Covent Garden have also been characterised by notable increases in their yields, by 17% and 15% respectively. Annual growth for both Canary Wharf and Wandsworth, meanwhile, is 12%.
Now could be the time for investors to look again at London
More modest rises were racked up in such other areas of the capital as Islington, Notting Hill, Fulham, St John’s Wood, Greenwich and Battersea. This is a firm indication that more than a few of those benefitting from a check out report in London provided by Yellow Oak Inventories LTD are continuing to enjoy worthwhile returns from their property portfolios in the city.
It means that while the average annual rent for a Battersea four-bedroom flat was £37,200 in 2017, this has since gone up to £40,320, which is a 14% year-on-year improvement and gives the landlord a healthy 5% rental yield.
Chestertons head of lettings Richard Davies commented: “There is a real shortage of rental properties in the capital at the moment and there are fewer and fewer coming onto the market as many landlords have started to react to recent tax changes by restructuring or selling their buy-to-let portfolios.”
He said that this was contributing to severe shortages in many London localities, which in turn, was pushing up rental values.
He continued: “There are several reasons why now is a good time for landlords to invest again. Rents achieved in many areas have increased beyond asking price and gross yields have improved and importantly, tenant demand remains resilient.”
We can make the greatest peace of mind possible
Would you like to be provided with an inventory, check in or check out report in London by a reputable company with an excellent track record of serving letting agents, relocation agents, housing associations, landlords and tenants?
In that case, it might just be the time to get in touch with Yellow Oak Inventories LTD, which will help you to make the most of your London property portfolio. Simply call 020 3713 4933 or email firstname.lastname@example.org today to book your appointment for any of our acclaimed services.