Lambeth Rental Yields: What To Expect

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If you are looking for good area in London, you’ll find that Lambeth has a lot to offer especially Brixton with Tube still in zone 2! This means that many young professionals and families are looking to buy or rent in this area, and it is the demand for rental property that helps to drive the local buy to let market. This is a fantastic location with strong transport links but given its central position in the English capital, many people are able to get to and from work within 10 minutes by tube or their preferred entertainment options by foot or by bike.

There are many reasons why you would instinctively consider Lambeth as an area that is worth investing in, but it makes sense to carry out a higher level of research. As a starting point, you should look to find the average price of property in an area and also what expected rental yields are on offer from certain areas.

Brixton buy-to-let hotspot
Brixton is a great area for buy to let investors, Southwark and Lambeth are in the midst of huge regeneration projects, and property prices could soar in the coming years. With fantastic transport links and thriving community this part of London is living up to its name as a buy-to-let hotspot. Rental yields in Brixton of up to 5.3 per cent, south London can offer some of the best buy-to-let yields in London.

SE1 offers a number of options
The SE1 postcode area contains Lambeth but it also represents areas like the City of London and Southwark. The expected rental yield in the SE1 postcode area is 4.53% while for a two bedroom property; the expected rental yield is 3.59%. With a three bedroom property in SE1, you can expect a rental yield of 2.79% and the expected rental yield of a four bedroom property is 2.57%. For a five bedroom property in SE1, the expected rental yield is 3.04%. According to Zoopla, the average price paid for property in SE1 over the past 12 months stands at £738,777
The SE11 postcode area covers part of Lambeth while also representing Vauxhall and Kennington.

The average price paid for property in the past 12 months stands at £629,207 while the expected rental yield for a one bedroom property in SE11 is 4.5%. For a two and three bedroom property in SE11, you can expect a rental yield of 3.81% and 3.4%. With a four bedroom property, you can obtain a 2.77% yield and the return from a five bedroom property is 3.63%.

SE24 is highly attractive to many people
With the SE24 postcode area, the average price paid for property is £813,129 and the expected rental yield for a one bedroom property is 5.8%. This area covers locations like Herne Hill, bit of Tulse Hill and Dulwich. With a two bedroom property, the expected rental yield is 4.39% and for a three bedroom property, you can expect a rental yield of 4.64%. A four bedroom property in the SE24 postcode area offers an expected rental yield of 4.5% and with a five bedroom property, there is a return of 3% on offer.

The SE24 postcode area is more expensive compared to some of the parts of Lambeth and it may be that SE27 is a better option. The average price paid for property in SE27 in the past 12 months stands at £550,011, with this area covering Gypsy Hill and West Norwood. A one bedroom property offers an expected rental yield of 5.4%, a two bedroom property provides an expected rental yield of 5.08% and there is an expected rental yield of 4.37% on offer from three bedroom properties. If you are looking at four or five bedroom properties in the SE27 postcode area, you can expect a rental yield of 3.83% and 4.59%.

If you are looking to enter the rental market, it is vital that you know the cost of property and what expected rental yield is on offer. You will hopefully find that Lambeth has a lot to offer and if you are looking for assistance in this area, rely on Brixton Property Blog in association with Kings Accommodation Brixton.

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