If you’re considering investing in buy-to-let property in Bexley, it’s important to understand the key financial factors that can affect your investment. From average rents and rental yields to rental demand and house prices, these factors can have a significant impact on the profitability of your investment. In this post, we’ll explore each of these factors in detail and provide you with the information you need to make an informed investment decision.

Average Rents

In Bexley, the average rent for a 1 bedroom flat is £825 per month, while a 2 bedroom flat costs around £1,050 per month, and a 3 bedroom flat costs approximately £1,350 per month. For houses, the average rent for a 1 bedroom house is £900 per month, while a 2 bedroom house costs around £1,200 per month, and a 3 bedroom house costs approximately £1,600 per month. Compared to the average rent in London, Bexley offers more affordable rental prices, making it an attractive option for tenants.

Rental Yield

The average rental yield in Bexley for a 1 bedroom flat is around 4.6%, while a 2 bedroom flat generates a rental yield of around 4.4%, and a 3 bedroom flat generates a yield of approximately 4.2%. For houses, the average rental yield for a 1 bedroom house is around 4.8%, while a 2 bedroom house generates a rental yield of around 4.6%, and a 3 bedroom house generates a yield of approximately 4.4%. Although the rental yields in Bexley are lower compared to other areas in London, it’s still a viable option for investors, given the lower house prices and affordable rents.

Rental Demand

It’s essential to consider the rental demand when investing in buy-to-let property, as it will impact your ability to find tenants and generate rental income. In Bexley, there’s a steady demand for rental properties, with a current average of 34% of properties in the area being rented. Furthermore, the demand for rental properties is set to increase, given the increasing popularity of the area among young professionals and families. Bexley is a commuter-friendly location, with easy access to London, making it an ideal option for those seeking affordable housing outside of the city.

House Prices

In Bexley, the average house price for a 1 bedroom house is around £235,000, while a 2 bedroom house costs approximately £325,000, and a 3 bedroom house costs around £420,000. Compared to the average house prices in London, Bexley is more affordable, making it an attractive option for investors looking to enter the market at a lower price point. With the potential for capital growth and rental income, investing in buy-to-let property in Bexley could offer a viable investment opportunity.

In conclusion, investing in buy-to-let property in Bexley can be a wise financial decision, given the area’s affordable house prices, steady rental demand, and lower average rents. Although the rental yields in Bexley are lower compared to other areas in London, the lower investment cost and increasing demand for rental properties make it an attractive option for investors seeking a profitable investment opportunity.

Bexley is a vibrant area in the southeast of London, located within close proximity to a number of local amenities and transportation links. In this blog post, we will discuss the current state of the housing market in Bexley, as well as the various transport links in the area that are important to consider.

Housing stock

Bexley has a diverse range of residential properties available, including a mix of 1, 2, and 3 bedroom flats and houses. According to recent data, the overall volume of residential properties in Bexley is around 32,500, with the majority of these being houses. When compared to the average in London, Bexley has a higher proportion of houses as opposed to flats. It is important to consider the type and number of bedrooms when looking to invest in buy-to-let properties, as this will affect the target tenant market.

Bexley has a mix of both old and new build properties, with around 30% of properties being built within the last 20 years. This is important to consider when choosing a buy-to-let location, as newer properties may require less maintenance and be more attractive to potential tenants.

Volume of Renters vs. Homeowners

The volume of renters versus homeowners is an important factor to consider when investing in a buy-to-let property. In Bexley, the percentage of homeowners is slightly above the national average, at 69.1% compared to 63.8%. However, there is still a significant demand for rental properties in the area, particularly for families and young professionals. This means that there is potential for strong rental yields and long-term capital growth for buy-to-let landlords.

House Prices

In Bexley, the average house price for a 1 bedroom house is around £235,000, while a 2 bedroom house costs approximately £325,000, and a 3 bedroom house costs around £420,000. Compared to the average house prices in London, Bexley is more affordable, making it an attractive option for investors looking to enter the market at a lower price point. With the potential for capital growth and rental income, investing in buy-to-let property in Bexley could offer a viable investment opportunity.

Transport

Bexley has several train stations, including Bexley, Albany Park, Crayford, Barnehurst, and Sidcup. These stations are serviced by Southeastern trains and offer direct links to central London, including London Bridge and Charing Cross. Compared to the average in London, Bexley has fewer train stops, but the direct links to central London make up for this.

Bexley also has a range of bus links, including several routes that connect to nearby towns and London. Compared to the average in London, Bexley has a lower frequency of bus routes, but the range of routes still provides good coverage of the area. The commute time from Bexley to central London is approximately 35-40 minutes by train or 60-90 minutes by bus, depending on the destination. 

In conclusion, Bexley is an attractive area for buy-to-let property investors due to its mix of residential properties, potential for capital growth and rental income, and its convenient transportation links. The area offers a diverse range of properties that are more affordable than the average in London, as well as direct train links to the city centre. Bexley also has a good selection of bus routes that provide good coverage of the area, although the frequency of the routes is lower than in other parts of London. All of these factors make Bexley an ideal location for buy-to-let investments.

Bexley’s history dates back to Roman times, and the town has retained its charm through the centuries. Bexley is home to many interesting landmarks, including the Red House, Danson House, and the Lesnes Abbey ruins. With a growing population and an excellent location, Bexley has become an attractive option for property investors looking for a buy-to-let investment.

Population

Bexley’s population is currently estimated to be around 250,000 people, making it one of the larger boroughs in London. The borough has experienced steady population growth over the past few years, with an increase of around 4% since 2011. This growth is expected to continue in the coming years, with projections indicating that the population could reach 300,000 by 2030.

Bexley has a relatively young population, with the median age being 39 years old. This is slightly younger than the average age in the UK, which is 45 years old. The borough has a relatively high percentage of residents under the age of 18, with around 23% of the population falling into this age bracket. This makes Bexley an excellent location for families, as there is a good range of local amenities, schools, and recreational facilities.

Employment Rate

Bexley has an employment rate of around 78%, which is higher than the average for London and the UK. The borough has a diverse range of employment opportunities, with the healthcare, education, and retail sectors being the largest employers. The proximity of Bexley to central London means that residents can easily access job opportunities in the city, making it an attractive location for those who want to work in London but live in a more relaxed suburban setting.

Education

Bexley has a high proportion of residents with higher education qualifications, with around 38% of the population holding a degree or equivalent. The borough is home to over 30 primary schools, 20 secondary schools, and four special schools, providing a good range of educational opportunities for local families. There are also several colleges and training providers in the borough, including the Bexley College and the Rose Bruford College of Theatre and Performance. Additionally, the University of Greenwich has a campus in Avery Hill, which is just a short distance from Bexley.

Volume of Renters vs. Homeowners

The volume of renters versus homeowners is an important factor to consider when investing in a buy-to-let property. In Bexley, the percentage of homeowners is slightly above the national average, at 69.1% compared to 63.8%. However, there is still a significant demand for rental properties in the area, particularly for families and young professionals. This means that there is potential for strong rental yields and long-term capital growth for buy-to-let landlords.

Crime Rate

Bexley has a relatively low crime rate, with the borough being one of the safest areas in London. The rate of reported crime in the borough is around 56 crimes per 1,000 people, which is lower than the average for London and the UK. The borough has a strong community policing presence, with the local police force working closely with residents to prevent and tackle crime.

In conclusion, Bexley is an attractive option for property investors looking for a buy-to-let investment. With a growing population, a young and diverse community, a good range of educational opportunities, and a low crime rate, the borough offers an excellent quality of life for residents. The borough is well-served by primary and secondary schools, as well as higher education institutions, making it ideal for families. The high rate of homeownership and lower than average crime rate make it an attractive option for landlords. With a variety of amenities and excellent transport links, Bexley is an ideal location for those looking for a safe and affordable place to live.

For letting in Bexley, here are some useful links:

• Council name: London Borough of Bexley, 020 8303 7777, council@bexley.gov.uk, https://www.bexley.gov.uk/ 
• HMO licence contact: Private Sector Housing, 020 3045 3650, privatesectorhousing@bexley.gov.uk, https://www.bexley.gov.uk/services/housing/houses-multiple-occupation-hmos 
• Council tax website: https://www.bexley.gov.uk/services/council-tax 
• Civic amenities website: https://www.bexley.gov.uk/services/parks-and-open-spaces 
• Website for list of Bexley schools: https://www.bexley.gov.uk/services/schools-and-education/find-school 
• Trading standards contact number: 020 3045 5240, trading.standards@bexley.gov.uk, https://www.bexley.gov.uk/services/business-and-licensing/trading-standards 
• EPC register: https://www.epcregister.com/ 
• Waste collection contact: https://www.bexley.gov.uk/services/waste-and-recycling 
• Gas Safe Register: register@gassaferegister.co.uk, https://www.gassaferegister.co.uk