Over the last few decades, has grown into a self-managing business, becoming so popular that the property world has exploded with the search for locations best suited for Buy-to-Let investors.
For any experienced investor, the rental yield and capital growth hold significant importance when investigating new choice areas; within the centre of London, rental yields are dropping as but asking rentals remain static.
However, the is one of the few areas not conforming to this rule, with a strong rental yield between 4.5 and 5.5%, emphasising this location as a choice investment opportunity. Furthermore, demand for rental locations has never been higher, particularly within the City of London whilst supply is running low.
Tenant Profiles: City of London
The City of London occupies the stretch of river spanning Tower Hill to Chancery Lane and including Monument, St Paul’s, Moorgate and Barbican. Colloquially this area of London is referred to as the 'Square Mile', however essentially , despite the financial growth of recently this district still remains at the top of the commercial value list.
The City contains rich and fine architectural infrastructures, including churches dating from the 17th century and the well-known Gherkin completed in 2004 stretching over 180m tall. Home to a diverse range of people, the City is particularly popular amongst who notably gravitate towards .
Rental Yields and Capital Growth: City of London
For many, the choice of where to in London is difficult as areas become more expensive; many investors are starting to look towards places of regeneration with ideal transport links and an emphasis on rental yield. The City of London is well situated just outside the centre of the capital, with many major Underground links running through it and property prices only recently starting to increase within the EC postcode. With much of London averaging out at around a , the City tops out at around 5%, with many desirable attributes.
The introduction of Crossrail at Liverpool Street Station will also dramatically increase the demand for property in the City of London as journey times to the rest of London will be radically reduced. This is, therefore, a prime opportunity for investors to take advantage of this as rental prices in the area are expected to soar.
Property: City of London
Located in the heart of the City of London with the buzz of the financial district surrounding it, St Mary at Hill is Galliard Homes’ latest EC development. Comprising 10 bespoke apartments all meeting the prestigious standards and exclusive finishes set by the experience of being London’s leading property developer, building across the capital for more than two decades. Each unit within St Mary at Hill has been elegantly designed to provide the resident with state-of-the-art features and amenities by one of London’s leading designers, whilst the construction team has retained the classic, architectural façade.
St Mary at Hill is now sold out, for more information about flats for sale in the City, please click to look at property availability on the Galliard Homes website