Investing In A Buy-To-Let Brixton
Are you considering investing in buy-to-let property in Brixton? It’s important to consider the key financial factors that can affect your investment. In this blog post, we’ll take a look at average rents, rental yields, rental demand, and house prices in Brixton, and how they compare to the averages in London as a whole. We’ll also discuss some top financial considerations to keep in mind before making a buy-to-let investment in Brixton.
When it comes to average rents:
- £1,300 per month for a 1 bedroom flat
- £1,800 per month for a 2 bedroom flat
- £2,300 per month rent for a 3 bedroom flat
These numbers are slightly lower than the average rents in London as a whole, where 1 bedroom flats fetch around £1,500 per month, 2 bedroom flats rent for around £2,000 per month, and 3 bedroom flats and houses can be rented for around £2,500 per month.
When it comes to rental yields:
- 1 bedroom flats in Brixton currently offer an average yield of around 4%
- 2 bedroom flats offer an average yield of around 4.5%
- 3 bedroom flats and houses in Brixton offer an average yield of around 5%.
These numbers are similar to the average rental yields in London as a whole, where 1 bedroom flats offer an average yield of around 5.5%, 2 bedroom flats offer an average yield of around 6%, and 3 bedroom flats and houses offer an average yield of around 6.5%
Rental demand in Brixton is relatively high, with a growing number of people looking to rent in the area. According to recent data, there are currently around 1,500 people searching for rental properties in Brixton on a monthly basis. This is slightly lower than the average rental demand in London as a whole, where there are around 2,000 people searching for rental properties on a monthly basis.
Average House Price
The average house price in Brixton for a 1 bedroom flat is around £450,000, for a 2 bedroom flat is around £550,000 and for a 3 bedroom flat and house is around £650,000. These prices are significantly lower than the average house prices in London as a whole, where a 1 bedroom flat typically costs around £500,000, a 2 bedroom flat typically costs around £700,000 and a 3 bedroom flat and house typically costs around £900,000.
When it comes to buying a buy-to-let investment, there are a few key financial considerations you should keep in mind. Firstly, you should have a clear understanding of your budget and what you can afford. It’s also important to consider the potential rental income and rental yields from the property, as well as the ongoing costs of owning and maintaining the property. Additionally, you should research the local market to get a sense of the current demand for rental properties in the area.
In conclusion, investing in buy-to-let property in Brixton can be a financially viable option. The average rents in Brixton are lower than the average rents in London as a whole, while rental yields are similar. Rental demand in Brixton is also relatively high, and the average house prices are lower than the average house prices in London.
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.
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.