London’s property market moves at a dizzying pace. Sometimes it’s hard to keep up. But we’ve kept up enough to know that Enfield is growing in stature. It’s been included on lists of ‘where to buy in London in 2017’, cited as a property hotspot, and should prove a profitable location for buy-to-let investors in search of high rental yields and capital growth.
The London Borough of Enfield is the capital’s northernmost borough, backing onto the M25. Its proximity to the M25 – as well as the A1 and A10 – is just one of the reasons why Enfield is hot property. Central London property prices have continued to rise in recent years, leading buyers and tenants to look further out in search of more space and better value. Enfield offers both those things, in addition to accessibility to the M25.
Enfield is also well-connected in terms of transport links, and is less than 30 minutes from Liverpool Street Station. It is served by the Piccadilly Line, National Rail Great Northern services and London Overground. Many London bus routes operate, while its status as a cycle-friendly borough is secure – Enfield Council runs the ‘Cycle Enfield’ programme.
Enfield has a lot going for it already. This large borough comprises 22 conservation areas and over 900 hectares of green space, according to the Enfield Council website. It is also known for its highly-rated schools and affordable housing.
What’s changing for Enfield?
Meridian Water is changing the face of Enfield. Meridian Water sits in the south of the borough, and the site is the focus of a £3.5 billion investment scheme. The scheme will create 10,000 new homes and over 6,000 jobs. Enfield Council has announced that a high percentage of the new homes will be genuinely affordable.
Meridian Water has excellent transport connections. Trains to Stratford take 17 minutes, while travel times to Liverpool Street clock in at 22 minutes. Heathrow Airport and London City Airport are also within a short distance.
With new homes and new jobs coming to Enfield, there is much to be positive about.
There are pockets of London, sometimes referred to as ‘micro markets’, where regeneration and redevelopment is taking place. Many transport projects are in the pipeline – Crossrail being the main one – and construction projects. These projects are providing great opportunities for buy-to-let investors.
Enfield has been earmarked as an area that will see house price growth this year. So for buy-to-let investors in search of somewhere to invest, it’s worth bearing this in mind. If investors want to prosper, and of course they do, it pays to look to parts of the capital, like Enfield, where regeneration is happening, prices are comparatively low, and strong capital growth is expected.
And with Brexit looming, you could even grab yourself a bargain.