Landlords eye Woodford and Leytonstone as next property hotspots
- Properties located in North East London on the Central Line have been ranked the next property hotspots by landlords
- Landlords back HS2 - almost two thirds of landlords think HS2 will see property prices rise in the capital
- 78 per cent of landlords are planning to increase their property portfolios
London, 5 September 2017: New research1 by landlord insurer Direct Line for Business reveals the next London property hotspots will include the likes of Woodford, Leytonstone and Redbridge. North East London was identified by almost a third (30 per cent) of landlords as the best location to invest in, followed by South East London and then East London.
When it comes to transport links, properties located near underground stations were the most desirable by landlords (80 per cent ranked them as attractive or extremely attractive). Properties located on Central line stations were ranked as offering the best investment opportunity, followed by those located on the Jubilee or Piccadilly line.
Most attractive London Underground lines for property investment:
|Top 3 Tube Lines||Bottom 3 Tube Lines|
|1. Central line||8. District line|
|2. Jubilee line||9. Circle line|
|3. Piccadilly line||10. Bakerloo line|
Just under three quarters (72 per cent) of landlords rank properties with national rail connections as attractive to prospective tenants, while London Overground links were ranked desirable by 71 per cent of those surveyed. Bus routes (68 per cent) and tram routes (60 per cent) were seen as less attractive draws for potential tenants.
Landlords are extremely positive about the impact of the HS2 on London’s property values. Over six in ten (63 per cent) landlords believe the new transport link will cause property prices in the capital to rise, with a third (33 per cent) believing they will rise dramatically. Indeed, confidence amongst landlords in London and the South East is high with more than three quarters (78 per cent) of those surveyed planning to expand their property portfolios.
Christina Dimitrov, Business Manager at Direct Line for Business said: "Landlords across the capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area. We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots’. It’s great to see confidence amongst landlords in the capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market."
For more information about Direct Line for Business’ Landlord Insurance, please visit: https://www.directlineforbusiness.co.uk/landlord-insurance
Notes to Editors
1 Global and Direct Line for Business research amongst 200 landlords based in London and the South East.
For further information please contact:
Direct Line for Business
Launched in 2007 Direct Line for Business provides a range of insurance products for the small business sector direct by phone or on-line.
Direct Line for Business insurance policies are underwritten by U K Insurance Limited, Registered office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Direct Line for Business and U K Insurance Limited are both part of Direct Line Insurance Group plc.