Sunday, September 04, 2016

Ilford is Number 1 Place to Invest

That’s right, Ilford, IG1, is the best place to invest according to Spencers Property, part of Portico. Now we know why Ilford High Road is getting a facelift and developers want to build huge blocks of flats there. And why the housing market has gone nuts – as interest rates are so low and annuity returns are crap people are putting their savings into property. Who needs pensions any more when you can get a handout from the state via Housing Benefit subsidising landlords who rent to low-income families?

Here’s what Portico has to say on its website
Investing or buying to let has been the easy way to make money for decades.
And despite Brexit uncertainty and recent tax changes, London remains the property investment capital of the world, in terms of both rental yields and capital growth.
But where should you put your money?
Our resident property expert, Mark Lawrinson, reveals the top 10 places to invest in London…
1. IlfordAverage house price: £433,437
Average rental price: £1,267 pcm
Current highest yield found with the Portico Interactive Yield Map: 5.5%
Why invest here?
Crossrail will put Ilford on the Tube map when it arrives next year, bringing with it a flood of new tenants and buyers searching for affordable housing and a quick commute.
The cosmopolitan town is already being described as “the new Bethnal Green”, now home to a string of trendy new shops, eateries and cafes, but the arrival of Crossrail will further neaten up the area and encourage first-time buyers to settle.
3 bedrooms, 1 bathroom | Eton Road, Ilford, IG1 | £360,000

 Forest Gate is on the list too, for numbers 2-10 click here.

2 comments:

  1. New Bethnal Green.. ? Trendy new shops?
    I must have missed them....

    ReplyDelete