With the housing market restart well underway, a post-lockdown government reboot of this key industry is underpinned by the average rental value for new tenancies in London at £1,673 a month. Rents in London have increased by 3.7% compared to last year according to the most recent data available from Homelet Rental Index.

Residential rent growth has demonstrated remarkable stability, particularly given market volatility over this period. Much of this can be attributed to longstanding inherent structural elements to the UK property market. These include strong ongoing demand for rental assets, as well as reduced rental stock as landlords exit the sector due to legislative changes and other regulatory burdens.

Average rental values in London were 174% greater than the UK Average cementing the capital as its residential hub, particularly with regards to satiating high rental demand. The UK Average of £959, as of March 2020, represents a 2.7% increase relative to twelve months prior. London, on the other hand, experienced a substantial 4.4% increase over the same period evincing a growing appetite for quality residential assets.

Buy-to-let investors will be particularly appreciative of such returns, given ongoing macroeconomic volatility. For those expanding their property portfolio, a landmark development in Wandsworth combines excellence in infrastructure, amenities and community with new residential and commercial spaces to enable a unique property investment opportunity.

Bronze is a boutique residential collection of 79 apartments by Strawberry Star on Buckhold Road in Wandsworth adjacent to the sprawling King George’s Park. Given the success of Wandsworth’s regeneration, this is a prime location which has benefited from significant investment and meticulous planning. For more information on Bronze and rental value growth in Wandsworth, call 020 3811 0000.