Home > News > Where to buy to let in London 2019? | Plaza Estates London
buy to let in London 2019

Why location is key with buy-to-let investing

By Maurice Shasha  //  Tue 3rd September 2019
To help you decide if a location is right for your buy-to-let project, use our checklist of what to look out for when choosing your investment.
Anyone thinking of investing in London buy-to-let has a lot to consider. Buy-to-let landlords have certainly felt the impact of changes in tax and legislation over recent years. However, with 20% of people now living in the private rented sector, demand for decent properties is high. This means that buy-to-let is still a good investment, especially if you’re looking at enduringly popular areas of central London.

We all know that location, location, location is key when you’re buying a residential property – but the same goes for buy-to-let too.

As a new landlord you’ll be looking for high rental yields, minimal void periods and for your property to gain in value over time. Choosing the best location for your budget can help you achieve this. Before you commit to a property, do your research on an area and think about how attractive it is likely to be to tenants.

It makes sense to have your ideal tenant in mind when deciding on a location. If your budget will only stretch to smaller apartments, your target market probably isn’t families, where schools, parks and nurseries are a big priority.

If you’re looking at young professionals, you’ll probably want a flat that’s close to amenities and night life as well as handy for good transport links. You might also want to consider whether it’s close to a local employer – a hospital or university, for example.

Find out more about the sort of people who live in a neighbourhood and the average rents they pay. This will help you get a good idea of whether you’ll achieve the return on investment you’re looking for.

To help you decide if a location is right for your buy-to-let project, use our checklist of what to look out for when choosing your investment.

1 Avoid traffic hotspots

Go back a street from the main road - quieter streets with less traffic often hold their value better and are more attractive to tenants.

2 Look to the future

Do your research on any planned regeneration schemes in the area and think about the impact on the property you’re considering, good and bad. Will the plans bring better facilities, or mean noisy works for years to come that will deter renters?

3 How are the schools?

Houses close to outstanding state, and well-regarded independent, schools will always be popular with renters and retain their value – but do your research. If you’re targeting families looking at popular state schools, find out how close you need to live to have a realistic chance of a place.

4 What are the main attractions?

Look at properties with good amenities close by – easily found in central London locations. Attractive bars, restaurants and shops can all make a place appealing to tenants. Factors like a corner shop, neighbourhood pub and coffee shop can also give a particular street the edge.

5 How is the transport?

While anyone buying in central London will already find themselves at the heart of things, easy access to good transport links is always a bonus. Be aware of the property’s walking distance to tube or trains stations and the bus routes it’s served by.

If you’re considering purchasing a buy-to-let property in the central London, we’d be happy to discuss the merits of different locations and share our many great properties. Contact us today to find out more.

Offices at

Marble Arch
29 Edgware Road
London
W2 2JE
f: 020-7258-3090
Knightsbridge
34 Beauchamp Place
London
SW3 1NU
f: 020-7581-7005