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TODAY'S OTHER NEWS

Commuter location yields not always better than in-London yields

New research by lettings management platform Howsy shows which major London commuter hubs make the most attractive potential for buy to let investors.

The platform says that with working from home causing many to look outside of London for a more affordable rental, growing demand for these properties provides an opportunity for buy to let operators.

However, location is essential and Howsy’s research shows that the average rental yield currently sits at just 3.7 per cent across 20 major commuter hubs on the outskirts of London.

That’s lower, in fact, the the current London average of 4.1 per cent.

Harlow tops the table at a yield of 4.6 per cent with Reading close behind on 4.5 per cent.

Luton, Crawley, Slough and Dartford are all at or just above the London average of 4.1 per cent annual yield.

Within London, Tower Hamlets is the highest-performing borough at 4.7 per cent while Newham, Barking and Dagenham, Lambeth, Greenwich, Southwark and Ealing are all between 4.1 and 4.5 per cent. 

 

Commuter Town or London Borough

Average Rent (PM)

Current Average House Price

Average Rental Yield

Tower Hamlets

London Borough

£1,835

£472,662

4.7%

Harlow

Commuter Town

£1,006

£262,524

4.6%

Reading

Commuter Town

£1,043

£276,130

4.5%

Newham

London Borough

£1,453

£387,326

4.5%

Barking and Dagenham

London Borough

£1,208

£327,136

4.4%

Lambeth

London Borough

£1,908

£525,487

4.4%

Greenwich

London Borough

£1,476

£415,693

4.3%

Luton

Commuter Town

£809

£229,983

4.2%

Crawley

Commuter Town

£1,004

£285,725

4.2%

Southwark

London Borough

£1,718

£488,610

4.2%

Slough

Commuter Town

£1,016

£296,738

4.1%

Dartford

Commuter Town

£1,000

£292,213

4.1%

Ealing

London Borough

£1,569

£454,027

4.1%

Bexley

London Borough

£1,092

£331,679

4.0%

Brent

London Borough

£1,502

£446,966

4.0%

Enfield

London Borough

£1,292

£386,000

4.0%

Havering

London Borough

£1,169

£352,951

4.0%

Rushmoor

Commuter Town

£891

£270,423

4.0%

Merton

London Borough

£1,640

£509,252

3.9%

Watford

Commuter Town

£1,087

£334,610

3.9%

Croydon

London Borough

£1,140

£358,356

3.8%

Hounslow

London Borough

£1,352

£423,042

3.8%

Islington

London Borough

£2,003

£632,270

3.8%

Redbridge

London Borough

£1,311

£418,473

3.8%

Wandsworth

London Borough

£1,958

£624,858

3.8%

Harrow

London Borough

£1,387

£454,716

3.7%

Lewisham

London Borough

£1,316

£424,233

3.7%

Sutton

London Borough

£1,151

£377,458

3.7%

Waltham Forest

London Borough

£1,352

£437,153

3.7%

Braintree

Commuter Town

£837

£272,852

3.7%

Guildford

Commuter Town

£1,415

£461,574

3.7%

Stevenage

Commuter Town

£885

£289,009

3.7%

Southend

Commuter Town

£873

£288,327

3.6%

Bromley

London Borough

£1,307

£430,033

3.6%

Maidstone

Commuter Town

£875

£293,072

3.6%

Chelmsford

Commuter Town

£979

£330,064

3.6%

Bracknell

Commuter Town

£1,024

£345,763

3.6%

Hackney

London Borough

£1,842

£638,683

3.5%

Haringey

London Borough

£1,669

£565,343

3.5%

Richmond upon Thames

London Borough

£1,835

£633,481

3.5%

Barnet

London Borough

£1,499

£532,569

3.4%

City of London

London Borough

£2,274

£792,583

3.4%

Hammersmith and Fulham

London Borough

£2,117

£747,174

3.4%

Hillingdon

London Borough

£1,200

£417,977

3.4%

Westminster

London Borough

£3,046

£1,085,013

3.4%

Gravesham

Commuter Town

£903

£321,057

3.4%

Brentwood

Commuter Town

£1,154

£430,739

3.2%

Tunbridge Wells

Commuter Town

£1,122

£421,075

3.2%

Bishop's Stortford

Commuter Town

£1,045

£396,304

3.2%

Camden

London Borough

£2,302

£881,096

3.1%

Kingston upon Thames

London Borough

£1,306

£506,000

3.1%

Wycombe

Commuter Town

£1,020

£410,432

3.0%

Kensington and Chelsea

London Borough

£3,023

£1,396,102

2.6%

London

London

£1,644

£485,794

4.1%

United Kingdom

UK

£959

£231,855

5.0%

London Commuter Belt Average

Commuter Belt

£999

£325,431

3.7%

Average rent sourced from Gov.uk

Average house price sourced from Gov.uk

Commuter Town or London Borough

Average Rent (PM)

Current Average House Price

Average Rental Yield

Tower Hamlets

London Borough

£1,835

£472,662

4.7%

Harlow

Commuter Town

£1,006

£262,524

4.6%

Reading

Commuter Town

£1,043

£276,130

4.5%

Newham

London Borough

£1,453

£387,326

4.5%

Barking and Dagenham

London Borough

£1,208

£327,136

4.4%

Lambeth

London Borough

£1,908

£525,487

4.4%

Greenwich

London Borough

£1,476

£415,693

4.3%

Luton

Commuter Town

£809

£229,983

4.2%

Crawley

Commuter Town

£1,004

£285,725

4.2%

Southwark

London Borough

£1,718

£488,610

4.2%

Slough

Commuter Town

£1,016

£296,738

4.1%

Dartford

Commuter Town

£1,000

£292,213

4.1%

Ealing

London Borough

£1,569

£454,027

4.1%

Bexley

London Borough

£1,092

£331,679

4.0%

Brent

London Borough

£1,502

£446,966

4.0%

Enfield

London Borough

£1,292

£386,000

4.0%

Havering

London Borough

£1,169

£352,951

4.0%

Rushmoor

Commuter Town

£891

£270,423

4.0%

Merton

London Borough

£1,640

£509,252

3.9%

Watford

Commuter Town

£1,087

£334,610

3.9%

Croydon

London Borough

£1,140

£358,356

3.8%

Hounslow

London Borough

£1,352

£423,042

3.8%

Islington

London Borough

£2,003

£632,270

3.8%

Redbridge

London Borough

£1,311

£418,473

3.8%

Wandsworth

London Borough

£1,958

£624,858

3.8%

Harrow

London Borough

£1,387

£454,716

3.7%

Lewisham

London Borough

£1,316

£424,233

3.7%

Sutton

London Borough

£1,151

£377,458

3.7%

Waltham Forest

London Borough

£1,352

£437,153

3.7%

Braintree

Commuter Town

£837

£272,852

3.7%

Guildford

Commuter Town

£1,415

£461,574

3.7%

Stevenage

Commuter Town

£885

£289,009

3.7%

Southend

Commuter Town

£873

£288,327

3.6%

Bromley

London Borough

£1,307

£430,033

3.6%

Maidstone

Commuter Town

£875

£293,072

3.6%

Chelmsford

Commuter Town

£979

£330,064

3.6%

Bracknell

Commuter Town

£1,024

£345,763

3.6%

Hackney

London Borough

£1,842

£638,683

3.5%

Haringey

London Borough

£1,669

£565,343

3.5%

Richmond upon Thames

London Borough

£1,835

£633,481

3.5%

Barnet

London Borough

£1,499

£532,569

3.4%

City of London

London Borough

£2,274

£792,583

3.4%

Hammersmith and Fulham

London Borough

£2,117

£747,174

3.4%

Hillingdon

London Borough

£1,200

£417,977

3.4%

Westminster

London Borough

£3,046

£1,085,013

3.4%

Gravesham

Commuter Town

£903

£321,057

3.4%

Brentwood

Commuter Town

£1,154

£430,739

3.2%

Tunbridge Wells

Commuter Town

£1,122

£421,075

3.2%

Bishop's Stortford

Commuter Town

£1,045

£396,304

3.2%

Camden

London Borough

£2,302

£881,096

3.1%

Kingston upon Thames

London Borough

£1,306

£506,000

3.1%

Wycombe

Commuter Town

£1,020

£410,432

3.0%

Kensington and Chelsea

London Borough

£3,023

£1,396,102

2.6%

London

London

£1,644

£485,794

4.1%

United Kingdom

UK

£959

£231,855

5.0%

London Commuter Belt Average

Commuter Belt

£999

£325,431

3.7%

Average rent sourced from Gov.uk

Average house price sourced from Gov.uk

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