Located close to Tower Bridge and London Bridge, Borough has one of London’s most enviable locations – a fact that hasn’t escaped many tenants looking to rent in the capital. As a result, landlords are generating a good ROI by investing in Borough, and properties seldom stay on the rental market for long.
If you’re interested in buy-to-let property in Borough, here are just a few reasons why you should invest here.
Why Buy-to-Let in Borough?
Near the West End
The West End is one of London’s most visited locations, and tenants often seek out properties that offer them easy access to this desirable area. Borough is just a short train journey away, giving renters the chance to enjoy all the theatres, restaurants and pubs whenever they want to.
Borough Market is arguably the UK’s most famous food market, with fresh produce, cheese, meats and all sorts of other foods on offer. It’s also a major draw for tenants of all ages, and if you manage to find a buy-to-let property near here, you should be able to charge a higher rental rate.
Attractive green spaces
Considering how central Borough is, it’s remarkable how many green areas there are for residents to enjoy. Southwark Park is the largest by a significant margin, and in addition to plenty of greenery, it also boasts sports pitches, a gallery and a café. Leathermarket Gardens and the Red Cross Garden are also nearby.
Great transport links
As you might expect, Borough is well connected, and it’s easy for tenants to travel around the capital. Borough Tube station is the most central option (on the Northern Line), and London Bridge and Elephant & Castle Tube stations are also close by (on the Bakerloo, Waterloo & City and Jubilee lines). This, in addition to the plentiful bus routes and regular river boat services, is a big bonus for renters who need to commute.
While it’s often young professionals who take up most of the rented properties in Borough, there is still plenty of demand from families – mainly because of the great schools in the vicinity. Cathedral School and Charles Dickens Primary are both popular, and there are several secondary schools within easy reach.
In one of the world’s busiest cities, tenants often seek properties that give them the chance to relax and unwind. Borough’s location by the Thames provides residents with pleasant cycle paths and walking routes to explore, plus numerous cafes and restaurants overlooking the river. Potter’s Field Park is another popular local haunt and a great place to get away from the bustle of the capital.
Should You Invest in Borough?
If you’re keen to develop a buy-to-let portfolio in Central London, Borough is a great place to get started. With so much going for it, not to mention its enviable location, it’s always popular with tenants of all ages, from young professionals to retired couples. This means that landlords can be confident they’ll generate a good profit.