Savvy property investors are always on the lookout for the next hotspot in London; and the London Bridge area is steadily rising in popularity. Property prices have risen considerably in the last year, and look set to continue doing so – meaning plenty of potential for generating profit from capital growth.
It’s also a great area for buy-to-let investments, and tenant demand is high, thanks to the plentiful attractions and amenities in the vicinity. If you’re keen to learn more about investing in a flat in London Bridge, here’s some useful information.
Why Investing in London Bridge Makes Good Sense
- Proximity to the River Thames. Properties that are fortunate enough to have a riverside view are always going to be popular with homebuyers and tenants alike. London Bridge has plenty of riverside apartments on the market, with many having attractive balconies and roof terraces.
- Great range of property styles. London period properties tend to be a wise investment, as they hold their value well and are normally highly sought-after. London Bridge has plenty of older properties, particularly Victorian warehouse conversions, which are among the most desirable styles of building in the area. If you prefer contemporary architecture, there are also some exceptional modern developments available.
- Amazing location. Few areas come as well connected as London Bridge. Its central location means it’s easy to walk to many of the capital’s leading attractions; though if residents prefer to commute by train, there are several Tube stations on their doorstep, including London Bridge, Bank, Mansion House, Borough and Cannon Street.
- Entertainment, attractions and more. Thanks to Central London’s wealth of entertainment venues and attractions, London Bridge is never going to go out of style. In addition to the theatres, restaurants, bars, galleries and museums in Central London, the Globe Theatre is just a few minutes’ away, as are the Tate Modern, The Shard and the Imperial War Museum.
- Natural surroundings. Tenants and homebuyers like London properties with green spaces close by. Despite its central location, London Bridge is close to several parkland areas, such as Southwark Park and Leathermarket Gardens. And of course, there’s also the river, with its cycle paths and riverside walks.
What Sort of Flat in London Bridge?
Thanks to the area’s popularity, there’s no such thing as a bad investment in London Bridge; and what apartment you select depends largely on how you’ll be using it.
If you’re planning to rent out to young professionals, then consider some of London Bridge’s contemporary developments, which have been finished to a high spec, and which offer spacious dimensions and occasionally, riverside views. Alternatively, the converted warehouses usually command a higher rental rate, but may cost a little more.
Flats above shops and purpose-built tower blocks tend to be more reasonably priced, whilst still offering great proximity to the Tube stations.
Which Flat to Buy?
Before committing, it’s a wise idea to visit the area, to get a feel for the streets and properties there. A good local estate agent will be able to guide your search, whilst offering plenty of useful insight and advice.