Hammersmith/ Fulham named one of the most profitable London boroughs
The London Borough of Hammersmith and Fulham has been named one of the most profitable boroughs in London for landlords to invest in.
According to new data from Kent Reliance, which carried out a study to discover the most profitable boroughs for landlords in London, the Hammersmith and Fulham borough has been listed in the top four boroughs for landlords.
Landlords with buy-to-let property in Hammersmith and Fulham are set to make a total profit of £798,025 over a 25-year period.
Unsurprisingly, the Royal Borough of Kensington and Chelsea topped the list for the most profitable boroughs in London for landlords, though for landlords looking to invest in property, property prices in Kensington and Chelsea are generally higher than in other London boroughs.
Rental income in London for landlords is almost double that of the national average. Though landlords will, on average, have to fork out more to buy an investment property in London, profits from rents are far higher than any other region in the country.
Despite tax and regulation changes affecting the buy-to-let market, making investment in property less appealing to many investors, landlords can still benefit from good rental returns.
Of the findings, John Eastgate, Sales and Marketing Director at Onesavings Bank, of which Kent Reliance is a trading brand, said: “In spite of rising costs, there are still healthy returns to be found in property for committed investors.”
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