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East London rental yields top of the charts for second quarter of 2021
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
East London currently offers the best rental yields in the capital, according to research from Portico.
The London estate agent has found that the area of Abbey Wood in East London has experienced an influx of investors buying up affordable properties to let near the train station, thanks to the arrival of the Crossrail. It believes that the availability of 12 fast central London trains every hour has significantly bolstered this area’s growth. This puts Abbey Wood at the top for the best rental yields throughout London for Q2 of 2021, at an impressive 6.7%. The highest yield in the area can be found along Yarnton Way to the east.
The agent reports that properties in the area of Dagenham Road are also benefiting from a proposed national rail service to Fenchurch Street Station in under 20 minutes. With easy access to Lakeside, Romford, and the A13, this area suits commuters and lifestyle seekers. The rental yield in this area is at 6.3% for Q2 of 2021.
Third spot for this quarter goes to the east London area of Creekmouth. Portico says the area is producing a strong rental yield of 6%, despite being largely known for its industrial estate.
| East London, Top Yields | |
| Abbey Wood (East Yarnton Way) | 6.7% |
| Dagenham Road, Beam River | 6.3% |
| Creekmouth | 6% |
| Barking | 5.9% |
| Little Heath | 5.8% |
| Upney | 5.8% |
Across the rest of the capital, north London’s Ponders End and Freezywater in Enfield both offer a rental yield of 5.7%.
| North London, Top Yields | |
| Ponders End, Enfield | 5.7% |
| Freezywater, Enfield | 5.7% |
| Edmonton, Enfield | 5.6% |
| Edmonton Green, Enfield | 5.5% |
| Enfield Wash, Enfield | 5.4% |
| Northumberland Park (Tottenham) | 5.2% |
The best rental yields in the west can be found in Hayes and Harlington (5.2%). In the south, Eastfields is top at 5.8%.
| West London, Top Yields by Neighbourhood | |
| Hayes and Harlington | 5.2% |
| Northolt (Specifically West of Northolt Station) | 4.9% |
| Uxbridge | 4.7% |
| Hayes & Harlington Station | 4.7% |
| North Cheam | 4.7% |
| Hayes End / West Drayton | 4.6% |
| South London, Top Yields | |
| Eastfields, Manor Way | 5.8% |
| Mitcham | 4.9% |
| South Beddington | 4.9% |
| Thornton Heath | 4.7% |
| Coulsdon | 4.6% |
| Whyteleafe South | 4.6% |
Buy-to-let hotspots across the capital are viewable on Portico’s rental yield map.
Sophie Durkin (MNAEA, MARLA), Portico Regional Director, says: “Thanks to the vaccination roll-out, Britain has been finally enjoying some return to normalcy. Rental demand has remained healthy and rental yields have consistently demonstrated a promising recovery through the past two quarters. Landlord instructions are also up 12% year-on-year, and tenant registrations have increased by a significant 22% from January 2021 to May 2021.
“Our latest rental yield research shows that there are certainly some healthy rental yields to be found in London – especially in areas experiencing significant regeneration and of course, those areas set to benefit greatly from Crossrail. East London is still the leading buy-to-let hotspot – and, as lockdown restrictions continue to ease, we expect demand from tenants to increase.”
