Docklands is a great place to invest in. It consists of several different areas, including Wapping, Shad Thames and Limehouse, and has a wide range of houses and apartments available on the market; from converted warehouses to contemporary apartments. Since its regeneration (which started in the late 1990s), businesses of all kinds have moved into the area, creating an exciting, dynamic ambiance that appeals to tenants of all ages.
If you’re interested in investing in buy-to-let property in Docklands, here’s some useful information to help guide your decision.
Why Invest in Buy-to-Let in Docklands?
- Crossrail. The new Crossrail station is set to open in 2018, which will reduce commuting times between Canary Wharf and Heathrow by a considerable margin. This is likely to attract even more tenants to Docklands, particularly young professionals looking for an easy journey to work. The station is part of a larger development, which also includes new retail and park areas.
- DLR. The Docklands Light Railway ensures that the entire Docklands area is well connected, making it easy for locals to get around. Additionally, Canary Wharf station (on the Jubilee Line) is within easy reach, and there are a number of bus routes in operation, taking travellers across the capital.
- Local activities. These days, Docklands has a cosmopolitan vibe, which is enhanced by its many shops, restaurants, bars and theatres. The riverside walks appeal to tenants looking for a touch of ‘natural living’ in the heart of London, and locals tend to appreciate the marina, and Docklands Sailing and Watersports Centre. The famous Cutty Sark and the Museum of London Docklands are also close by.
- Good rental rates. Thanks to its tenant appeal, Docklands commands a solid rental income for most landlords. A word of warning though; property prices have risen considerably in the last 12 months and look set to continue doing so – so it’s a wise idea to invest sooner rather than later.
One of Docklands’ main attractions is the diversity of properties available on the market. It’s one of the city’s most historic areas, and as such, there are plenty of beautiful period properties around, especially the riverside warehouse conversions, which are highly sought after.
If you prefer more modern investment properties, you’ll be pleased to know that Docklands has plenty of contemporary developments, particularly in West India Quay, Pan Peninsula and Canary Riverside. Many of these developments have a host of amenities, such as spas, gyms and private parking, which are likely to appeal to high-paying tenants.
How Many Bedrooms?
The most popular properties on the market tend to be two-bedroomed houses or apartments; which isn’t surprising, given they offer a good level of space for young professionals and small families alike. One-bedroomed properties are also popular with commuters, and there’s also some demand for three- and four-bedroomed homes, particularly near the excellent schools in the area, such as Canary Wharf College, Manorfield Primary School and Bygrove Primary School.