A guide to being a landlord in Bethnal Green
Bethnal Green is an area that offers authentic east-end London character, accentuated by modern developments. The mix of affordable property prices compared to similar London locations and the appeal of the area make Bethnal Green an excellent choice for landlords and investors alike.
Are you considering investing in a buy-to-let property in Bethnal Green? This guide will help you get a better understanding of the area and the opportunities for landlords.
Property prices in Bethnal Green are unquestionably more affordable then prices in central London. While this is important, it doesn’t tell the whole story about Bethnal Green’s appeal. This is because property prices are also more affordable in Bethnal Green than in neighbouring areas like Shoreditch and Dalston.
Access to Central London
One of the biggest attractors for tenants is, without doubt, the brilliant transport connections it offers. Getting to any central London location is easy from Bethnal Green either by Tube or bus. Bethnal Green Tube station is on the Central Line and is part of the Night Tube service. In fact, many locations are within walking distance – you can walk from Bethnal Green to Liverpool Street in about 20 minutes.
As an example of how easy it is to get into central London from Bethnal Green, the trip from Bethnal Green station to Oxford Circus on the Tube takes about 13 minutes. There are also plenty of buses, including services available 24 hours a day. In addition to access to London, Bethnal Green is also close to Cambridge Heath and Bethnal Green National Rail stations.
The cost of living and access to central London are important factors considered by people choosing to live in Bethnal Green, but the local amenities available are also appealing. For example, there are great dining and entertainment locations in the area, with Bethnal Green gaining a growing reputation for the quality and variety of its restaurants.
It is not just about urban living in Bethnal Green, however, as there are also plenty of beautiful parks and green areas. Victoria Park is one of the biggest, covering 86 hectares.
There is also a good selection of schools in the area, including five secondary schools. The local authority is Tower Hamlets.
As with most London locations, there are a variety of property types available in Bethnal Green. This includes detached, semi-detached, and terraced properties, as well as flats. The Bethnal Green area is made up of properties that include Georgian houses, homes that used to be owned by the local council, loft conversions, new developments, and more.
Terrace houses are highly sought after by young couples and families looking for more space. Flats, on the other hand, are popular with professionals who live in the area.
Strong Rental Market
All the above factors mean there is a strong rental market in Bethnal Green. This includes people and families who have long-standing connections with the area as well as people who are new to Bethnal Green. The latter includes those working in London who want an affordable and appealing location to live.
If you are a landlord, Bethnal Green is an area you should consider.