Before it really arrived, summer is now over. With September upon us, many tenants will be looking to move home. Here’s why landlords should invest in London’s Zone 5, to cater to this demand…
Both landlords and renters looking for more bang for their buck this autumn might do well looking a little further afield to London’s Zone 5 boroughs, such as Hillingdon.
Leading Build to Rent developer Be Living Ltd has selected Hayes, located within Hillingdon, as the site for its new be:here development of 119 one, two and three-bedroom homes, designed with tenants in mind.
The location is already proving popular with residents moving from within the local area, as well as from elsewhere in London and the Home Counties.
Landlords thinking of investing in the capital should consider Zone 5 spots, and here are five reasons why:
- It’s well connected
Whilst Zone 5 might sound like a long way from central London, existing and planned transport connections make travelling into central London for work or play in 30 minutes a reality.
2019 will also see Crossrail arrive at Hayes & Harlington, enabling residents to travel directly to Bond Street – in the heart of the West End – in just 25 minutes.
On top of this, Hayes has quick and easy access to the M4 and M25, along with Heathrow Airport, making it – like many other Zone 5 locations – better connected than many more central neighbourhoods.
- More for your money
With cheaper average house prices than the typical London value, Zone 5 allows investors to purchase more cheaply than in central locations.
And while rent prices are still strong, they are not expensive enough to push tenants out. For instance, be:here’s one-bed apartments start from £1,200 per calendar month, while two-beds are from £1,450.
If you offer extras in with the rent price, such as broadband, you’re also likely to attract more reliable renters.
- It’s clean and green
Residents of Zone 5 can enjoy living in one of the cleanest and greenest areas in the UK.
Hillingdon is home to more Green Flags than anywhere else in London, with new additions for 2017 including Coney Green, The Gravel Pitts, Long Meadow, Cherry Lane Cemetery and Southlands Arts Centre.
These features will appeal to modern tenants who want to put down roots in the area, which make it a solid long-term investment option.
- Things are changing – fast
The last time be:here checked, there were 13 operational cranes visible from the roof terrace of its development – a sure indicator of the scale of the transformation underway within the local area.
Close by is The Old Vinyl Factory site, which is the former home of record label EMI, and is being transformed by developer U+I into offices, new homes, leisure spaces, restaurants, shops and a cinema – all due to complete by 2020.
Regeneration is always a good indicator as to which areas will flourish for landlords, as more and more people, including tenants, will be flooding to these spots.
- Rich culture and history
Zone 5 takes in a whole host of London towns, which have a village atmosphere and a rich cultural heritage. Art scenes, historic sites, cultural venues, museums… Zone 5 has it all!
Hayes appeared in the Domesday Book and is home to numerous Grade II listed buildings. Notable residents include the father of English music, William Byrd, and author George Orwell, who lived and worked in Hayes in the early 1930s. Music enthusiasts can still enjoy the Beck Theatre, now in its 40th year, which regularly hosts local musicians and stage productions.
Landlords, are you looking for a new investment location? Zone 5 definitely has what you’re looking for!
Remember that when it comes to protecting your rental property, we offer the widest Landlord Insurance on the market as standard. Take a look at our 40 essential covers: https://www.justlandlords.co.uk/landlord-insurance