what’s the average London rent?

So what effect is Crossrail having on the rental market, and is it too late for landlords to capitalise?

According to Rightmove, demand for rental properties in Slough and Burnham has increased by over 40 per cent, while the number of tenants looking for homes in Southall, near Ealing, has more than quadrupled over the last 10 years.

Research by Revolution Brokers has revealed the Crossrail stations that offer landlords the highest average rental yields. Here’s an overview of the top 10:

Crossrail station

Avg property price

Avg monthly rent

Avg yield

Reading

£282,915

£1,196

5.1%

Custom House

£451,439

£1,848

4.9%

Maryland/Stratford

£441,602

£1,772

4.8%

Southall

£389,013

£1,557

4.8%

Canary Wharf

£550,333

£2,062

4.5%

Forest Gate

£474,217

£1,795

4.5%

Whitechapel

£601,966

£2,202

4.4%

Woolwich

£413,360

£1,510

4.4%

Abbey Wood

£380,233

£1,373

4.3%

Manor Park

£452,153

£1,608

4.3%

Source: Revolution Brokers

With more people taking a hybrid approach to working than ever before, these outer London areas will continue to appeal to tenants who are looking for the best of both worlds.

Average rents are lower in these locations, allowing renters to get more for their money. At the same time, the new railway significantly cuts travel times into the capital.


As for landlords looking to invest in these areas, the lower purchase costs and rising average rents could generate healthy returns in locations that look set to become more popular over time.

Do you have a buy-to-let property in London? Let us know in the comments.

https://www.simplybusiness.co.uk/knowledge/articles/2022/07/average-rent-in-london-guide-for-buy-to-let-landlords/

Recommended For You