As a landlord you'll know that price is everything when it comes to choosing a buy-to-let property and if the price isn't right, it's not for you. Whether you're spending £250,000 or £1 million, capital value and the property's rental yield are important for the success of your investment.
There are many considerations for London landlords. You might benefit from the property investment guide London, or maybe you're more concerned about the best rental yield in London. If you're focussed on buying properties at the more affordable end of the scale in areas of London that are going through a period of regeneration, then you're in luck, as today we're showing you where to find London's cheapest buy-to-let properties.
According to the latest house price figures from Land Registry, these five boroughs are where you'll find London's most affordable homes. And it seems that East comes out on top, with four of the top five cheapest boroughs in London located in the east of the capital.
Barking and Dagenham
Average price: £296,892
Best areas to invest now: Barking, Barking Riverside
Where to look out for in the future: Dagenham
What's happening here: The Elizabeth line will open at Chadwell Heath in 2019; one of the UK's largest development areas is at Barking Riverside, which will include a new train station in 2021; and a range of good schools if you're thinking of investing in a family-friendly property.
Check out properties for sale in Chadwell Heath, as well as properties to buy in Barking and Dagenham
Bexley
Average price: £345,597
Best areas to invest now: Thamesmead, Abbey Wood, Belvedere
Where to look out for in the future: Sidcup, Crayford, Erith
What's happening here: The government has pledged money to improve many of the borough's town centres; northern parts of the borough are enveloped in the Thames Gateway redevelopment zone; Abbey Wood and Thamesmead are within one of the Mayor's Housing Zones, which promises to create over 2,600 new jobs in the area.
Havering
Average price: £366,354
Best areas to invest now: Romford, Gidea Park
Where to look out for in the future: Rainham, Hornchurch
What's happening here: The borough is within the London Riverside Opportunity Area, which is a regeneration scheme that will transform previous brown belt sites along the Thames; Romford, Gidea Park and Harold Wood will be connected to the Elizabeth line in 2019; green spaces are great for families.
Interested in renting on the Elizabeth line? Check out Romford rent prices and property for sale in Gidea Park.
Newham
Average price: £366,432
Best areas to invest now: Canning Town, East Ham, Manor Park
Where to look out for in the future: Plaistow, West Ham
What's happening here: Redevelopment of Royal Albert Dock Enterprise Zone, including a £1.7bn Chinese business district; Elizabeth line opening at Stratford; Westfield Stratford is an established leisure destination and a legacy of the 2012 Olympics.
Croydon
Average price: £369,576
Best areas to invest now: East Croydon, South Norwood, Thornton Heath
Where to look out for in the future: Purley, Coulsden
What's happening here: Westfield Croydon will open in 2022, with lots of exciting new development already happening in Croydon town centre; £2.4m has been secured to improve Thornton Heath's High Street; government funding has been approved for South Norwood's centre, including support for local businesses and artists.
Renters are on the look out for budget friendly options too, here are some articles that might help: affordable homes to rent in London for under £1,300 and cheapest rent in London.
