New property hotspots will include the likes of Woodford, Leytonstone and Redbridge according to new research on landlords based in London and the South East.
The research, conducted by landlord insurer Direct Line for Business, found that North East London was labelled by 30 per cent of landlords as the best location to invest in, propelling areas such as Redbridge to the top. South East London and East London were also highly regarded.
Properties located near underground links were found to be the most desirable by landlords, with 80 per cent naming them attractive, or extremely attractive locations. Properties situated on Central line stations were found to demand the highest premium, followed by those on the Jubilee or Piccadilly line. In contrast, the District Line, Circle Line and Bakerloo Line were deemed to be the least attractive.
72 per cent of landlords deemed national rail connections to be attractive to tenants, whilst London Overground links were considered priorities by 71 per cent of those surveyed. Bus routes and tram routes were considered less attractive, favoured by 68 and 60 per cent of investors respectively.
The HS2 brings great optimisim amongst landlords, with 63 per cent of the opinion that the new transport link would cause property prices in the capital to rise. 33 per cent felt that they would rise dramatically.
Business manager at Direct Line for Business, Christina Dimitrov, said: ‘Landlords across the Capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area. We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots. It’s great to see confidence amongst landlords in the Capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market.’