A new buy to let investment opportunity has arisen in the form of a new property in Sutton.
River Wandle Apartments is a new luxury development located in the leafy suburb of Hackbridge in Sutton. Residents can enjoy an easy 9-minute stroll to Hackbridge train station, which is well-served with direct links to London Victoria and London Blackfriars in 25 minutes and 29 minutes respectively.
The population of Sutton has been increasing as the area becomes more and more desirable. Between 2001 – 2011 the local population increased by 5.77% and a further 2.88% by 2014. Between 2015 and 2025 the population is expected to grow by a whopping 9.8%, or the equivalent of 20,000 new residents. In 2016 it was voted as one of the top five happiest places to live in London.
Due to the increase in population, and the fact that London is experiencing a “ripple effect” in property prices, house prices in the area have experienced phenomenal capital growth. In the past year alone, they have risen by 15.48%. People have become increasingly attracted to living in the suburbs in pursuit of more affordable housing. Rents in London are predicted to rise by 24.5% in the next five years, and Sutton is in the perfect position to capitalise on that due to excellent transport links, good schools and healthcare facilities and a green, leafy environment.
Investment Fundamentals – Buy to Let Property in Sutton
Enquire today to discover how you can take advantage of the rental growth prospects in London.