Tower Hamlets the best London borough for buy-to-let investors

Tower Hamlets is the highest-yielding borough in London for rental returns, according to property analyst SBA Property Management, offering investors yields of 5.9%, compared to the UK capital's average of 4.81%. Average property values in Tower Hamlets stand at £456,375, against monthly rental costs of £2,244. Other areas highlighted in the report are Newham, Barking & Dagenham and Greenwich, offering average rental yields of 5.23%, 5.06% and 4.96% respectively. “The easing of mortgage costs brings more relief to buy-to-let landlords, freeing up resources to make value-boosting renovations and deliver a better tenant experience", said SBA director Tim Darwall-Smith. "Ultimately, the investors with well-managed properties will be best placed to benefit from London’s highly profitable rental market".

Property Wire (11/09/2024)