Investing in a buy-to-let in Deptford

Investing in buy-to-let property in Deptford can be an interesting financial opportunity for potential landlords. The key to success in this venture is understanding the financial factors that affect the investment. In this article, we will discuss the average rents, rental yield, rental demand, and house prices in Deptford and how they compare to the averages in London.

Average Rents

The average rent for a one-bedroom flat in Deptford is £1,200 per month. For a two-bedroom flat, the average rent is £1,500 per month, and for a three-bedroom flat, the average rent is £1,800 per month. These prices are significantly lower than the average rent prices in London, which are around £1,500 per month for a 1 bedroom flat, £2,00 per month for a 2 bedroom flat, and £2,500 per month for a 3 bedroom flat.

Rental Yield

Rental yield is the return on investment for a landlord, calculated as the annual rental income divided by the property value. The average rental yield for a one-bedroom flat in Deptford is 5%, for a two-bedroom flat it’s 4%, and for a three-bedroom flat it’s 4%. These numbers are slightly lower than the average rental yield in London, which ranges from 5%-6.5%. While this is lower than the London average, the area still has interesting potential for investment due to high rental demand.

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Rental Demand

Rental demand in Deptford is high, with the area seeing an average of around 25 applications per property. This number is slightly lower than the average in London, where the average number of applications per property is around 30. However, this lower demand in Deptford may be offset by the lower prices and rental yields.

House Prices

The average house price for a one-bedroom flat is around £300,000, while a two-bedroom flat can fetch around £450,000, and a three-bedroom flat can fetch around £550,000. These numbers are slightly lower than the average in London, where the average house price for a one-bedroom flat is around £500,000, a two-bedroom flat can fetch around £700,000, and a three-bedroom flat can fetch around £950,000.

Conclusion

Investing in buy-to-let property in Deptford can be an interesting financial opportunity for potential landlords. The average rents and rental yields in Deptford are slightly lower than the averages in London, but the lower house prices may offset this. Additionally, the rental demand in Deptford is high, making it a great location to consider for a buy-to-let investment. 

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 

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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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