Investing in a buy-to-let in Stratford

In this blog post, we will take a closer look at average rents, rental yield, rental demand, and house prices in Stratford and how they compare to the average in London.

Average Rents

The average rent for a 1-bedroom flat in Stratford is around £1,300 per month. This increases to £1,800 per month for a 2-bedroom flat and £2,200 per month for a 3-bedroom flat. These figures are slightly lower than the average rent in London, where a 1-bedroom flat can cost around £1,500 per month, a 2-bedroom flat can cost around £2,000 per month, and a 3-bedroom flat can cost around £2,500 per month.

Rental Yield

Stratford offers slightly lower numbers compared to the London average when it comes to rental yield. The average rental yield for a 1-bedroom flat in Stratford is around 4%, for a 2-bedroom flat it is around 4.5%, and for a 3-bedroom flat it is around 5%. These figures are slightly lower than the average rental yield in London where a 1-bedroom flat can offer around 5.5% yield, a 2-bedroom flat can offer around 6%, and a 3-bedroom flat can offer around 6.5%.

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Rental Demand

The average occupancy rate for rental properties in Stratford is around 96%. This is higher than the average occupancy rate in London, which is around 90%. This suggests that there is a strong demand for rental properties in Stratford, making it a good area to invest in.

House Prices

The average price for a 1 bedroom house in Stratford is around £365,000, for a 2 bedroom house it is around £450,000, and for a 3 bedroom house it is around £550,000, which are lower than the average house prices in London, which are around £500,000, £700,000, and £800,000, respectively. This is worth noting as it indicates that there is a high demand for affordable housing options in the area.

Conclusion

The average rents in Stratford are slightly lower than the average in London, and while rental yields are also slightly lower than the London average, rental demand is high, with an occupancy rate of 96% compared to the London average of 90%. House prices are also lower than the London average, which indicates a high demand for affordable housing options in the area. 

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