Investing in a buy-to-let in Hammersmith
Investing in buy-to-let property in Hammersmith can be a great way to grow your wealth, but it’s important to consider the key financial factors that will affect your investment. In this blog post, we will take a look at the average rents, rental yield, rental demand, and house prices in Hammersmith and compare them to the averages in London.
Average Rents
The average rent for a 1 bedroom flat in Hammersmith is currently around £1,800 per month, while the average rent for a 2 bedroom flat is around £2,400 per month, and the average rent for a 3 bedroom flat is around £3,000 per month. These numbers are slightly higher than the London average, where the average rent for a 1 bedroom flat is around £1,500 per month, and the average rent for a 2 bedroom flat is around £2,000 per month, and the average rent for a 3 bedroom flat is around £2,500 per month.
Rental Yield
The average rental yield for a 1 bedroom flat in Hammersmith is currently around 3.5%, while the average rental yield for a 2 bedroom flat is around 4%, and the average rental yield for a 3 bedroom flat is around 4.5%. While this is lower than the London average of 5.5-6.5%, the area still has interesting potential for investment due to high rental demand.
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Rental Demand
When it comes to rental demand, the numbers are relatively high, as around 60% of the population in Hammersmith are renters, which is slightly higher than the national average of 49%. This suggests there is a strong demand for rental properties in the area, making it an attractive location for buy-to-let investors.
House Prices
The average house price for a 1 bedroom house in Hammersmith is currently around £450,000, while the average house price for a 2 bedroom house is around £600,000, and the average house price for a 3 bedroom house is around £800,000. These numbers are slightly lower than the London average, where the average house price for a 1 bedroom house is around £500,000, and the average house price for a 2 bedroom house is around £700,000, and the average house price for a 3 bedroom house is around £950,000. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.
Conclusion
Investing in buy-to-let property in Hammersmith can be a great way to grow your wealth, but it’s important to consider the key financial factors that will affect your investment. The average rents, rental yield, rental demand, and house prices in Hammersmith are slightly higher than the averages in London, but the rental yield and rental demand in Hammersmith are also higher.
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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