Last year HSBC reported that the highest yields available in London were in Newham, Southwark and Enfield. This year unfortunately we were overtaken by Brent and slipped to fourth, with an average house price of £281,922 and an average gross yield of 5.01%. However we are still performing better than the remaining 28 London boroughs which is great.
More good news has just been published by Rightmove and Oxford Economics, who forecast that when it comes to property prices, Enfield will be the fifth fastest performing area in England and Wales over the next 5 years. The top performers have been identified as Southampton, Luton, Brighton and Swindon however the prediction for Enfield is that prices will grow by 39.5% by 2019! That’s better than London (32.5%) and the South East (37.3%)!
With great capital growth predications and continued good yield, it makes sense to invest in property and to invest in Enfield! And if you already have property in the Borough then it’s good to know you’ve chosen well.
However, before you pull on your trainers and start pounding the streets to find your next investment, it’s important to remember that these figures are averages and that prices and yields will vary widely across the borough.
If you are interested in finding out more about the opportunities in Enfield and would value impartial advice on how to find the right rental property for you, then please contact the office. We are lettings specialists and are not involved in sales so our only interest is that your property can be let quickly and to the right tenant!
