Investing in a buy-to-let in Limehouse

Understanding the average rents, rental yields, rental demand, and house prices in Limehouse can help you make an informed decision about whether buying a property in this area is the right move for you.

Average Rents

The average rent for a 1 bedroom flat in Limehouse is around £1,500 per month, while a 2 bedroom flat typically rents for around £1,800 per month. For a 3 bedroom flat, the average rent is around £2,200 per month. These prices are slightly lower than the average in London, which is around £1,500 per month for a 1 bedroom flat, £2,000 per month for a 2 bedroom flat, and £2,500 per month for a 3 bedroom flat.

Rental Yield

In Limehouse, the average rental yield for a 1 bedroom flat is around 5%, while a 2 bedroom flat has an average yield of around 6%. A 3 bedroom flat has an average yield of around 7%. These figures are slightly lower than the average rental yield in London where a 1-bedroom flat can offer around 5.5% yield, a 2-bedroom flat can offer around 6%, and a 3-bedroom flat can offer around 6.5%.

Rental Demand

Another important factor worth noting when investing in buy-to-let property is rental demand. In Limehouse, the rental demand is high, with a vacancy rate of around 2%, which is equivalent to the average in London.

Free Landlord Resources

When it comes to the age of the housing stock in Harrow, it’s worth noting that there are relatively few new build properties available. However, the area has plenty of large scale housing development projects such as: Harrow View West, Harrow town centre redevelopment, Harrow Gate. You can find more information on these projects by visiting the Harrow Council’s website.

Free Landlord Resources