Investing in a buy-to-let in Wembley
As a landlord, it’s important to understand the key financial factors that can affect your investment. In this blog post, we’ll take a closer look at average rents, rental yields, rental demand, and house prices in Wembley, and how they compare to the averages in London as a whole.
Average Rents
The average rent for a 1 bedroom flat in Wembley is around £1,200 per month, for a 2 bedroom flat it’s around £1,500 per month, and for a 3 bedroom flat it’s around £1,800 per month. These figures are slightly lower than the averages for London as a whole, which are £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. This can bring in higher rental demand thanks to the more affordable rent prices.
Rental Yield
In Wembley, the average rental yield for a 1 bedroom flat is around 4.5%, for a 2 bedroom flat it’s around 5%, and for a 3 bedroom flat it’s around 5.5%. These figures are also slightly lower than the averages for London as a whole, which are around 5.5%-6.5%. With that said, rental demand is currently high, with around 60% of properties in the area being rented out.
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House Prices
The average price for a 1 bedroom house in Wembley is around £352,000, for a 2 bedroom house it’s around £531,000, and for a 3 bedroom house it’s around £852,000. These figures are lower than the averages for London as a whole, which are around £500,000 for a 1 bedroom house, £700,000 for a 2 bedroom house, and £950,000 for a 3 bedroom house. This is worth noting as it indicates that there is a high demand for affordable housing options in the area.
Conclusion
While the average rents and rental yields in Wembley are slightly lower than the averages for London as a whole, rental demand is currently high and house prices are lower than in other areas of the city. If you’re considering investing in a buy-to-let property in Wembley, it’s important to do your research and consider all of these factors. With the right property, it’s possible to earn a steady income and potentially see significant growth in the value of your investment over time.
Free Landlord Resources
Free Instant Valuation
See how much your property could get in rent.
Fee Saving Calculator
See how much you could save on property fees.
Yield calculator
Calculate your rental yield with our simple tool
Compliance checklist
Make sure your buy-to-let property remains legal.
Compliance Guide
Download your complete landlord compliance guide
Meet Sam your local Expert
Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.
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