Why Shoreditch Is A Top Choice For Buy-To-Let Investors
Sitting directly north of the City of London in the historic East End, the borough of Shoreditch has undergone a massive change over the last 20 years and is a top choice for buy-to-let investors looking for a high rental yield in a vibrant, colourful and popular area.
Once regarded as one of the poorest and most deprived areas of the East End where slum dwellings and crime were rife, Shoreditch is now a thriving cultural hub; home to art galleries, entertainment venues and fantastic restaurants and bars, making it a desirable location for young professionals who want a place to call home.
Here are just a few reasons why Shoreditch is a top choice for buy-to-let investors.
Thriving Tech Hub
Recent regeneration of the area has seen the creation of ‘Tech City’ which encompasses the Silicon Roundabout, an epicentre of innovation and home to many of the top UK start-ups and digital companies.
This in turn has created an influx of job opportunities and seen a massive migration of digital professionals moving into the area.
The demand for high quality, furnished properties to accommodate discerning tenants has soared in the last few years, offering fantastic opportunities for landlords who want a healthy rental income and high quality tenants.
Great Transport Links
Shoreditch is perfectly located for those working in the City and those commuting to the West End. Liverpool Street Station is only a 10-15 minute walk and provides connections via the Tube to all areas of London as well as the added benefit of National Rail links.
The area will also benefit from the new Crossrail link, due to be completed in 2019 which will seamlessly connect East and West London, making Shoreditch even more accessible for commuters.
Quality of Life
Shoreditch offers a fantastic quality of life for hard working professionals who want a great social and cultural scene and a community vibe.
There are plenty of quirky, independent shops, restaurants, lively bars and cosy pubs to choose from, not forgetting the fantastic curry houses of the legendary Brick Lane. It also has some of the best cocktail bars in the capital.
Old Spitafields Market is the one of the most popular places to shop and eat and one of London’s oldest markets. A blend of history, East End tradition and modern innovation, the Old Spitafields market is a trendy hub selling everything from organic produce to unique artwork and antiques.
As well as city professionals, the area attracts many artists and writers. The Village Underground is an ever evolving entertainment hub, while Boxpark offers a unique blend of fashion brands adding to the hip and trendy reputation Shoreditch is fast becoming known for.
Higher Rental Yields
Shoreditch is a very popular area for flat and house share tenants who want the benefits of living in a trendy location without being tied down to a mortgage. Landlords who rent out multiple rooms can expect an increase in rental yield of around 20-30% compared to letting as a single property. Rooms are also easier to rent out, so there’s less risk of vacant periods.
If you’re looking for a buy-to-let investment in Shoreditch or surrounding East London boroughs, contact Pisoria for more information on our property management services.
