Brixton can offer investors some good deals compared to other London neighbourhoods, but overall, it is very expensive compared to other UK regions.
Brixton’s prices are on the cheaper side of the average for London, but compared to the UK average,e it’s a very pricey prospect. For investors who have not decided on a property in the capital, much more affordable investments can be found in other regions. When making money from property, the initial costs are a vital consideration.
For example, the North West has been identified as a buy-to-let hotspot with lower-than-average property prices. It’s not uncommon to see property on sale for half a million in Brixton, but in contrast, houses to buy in Liverpool go for an average of £177,521, according to the UK House Price Index.
While monthly rental income is not usually as high in areas outside of London, the investor will see returns quickly if the rental yield is higher.
It’s also worth noting that the North West region is forecast to experience 20.2% growth by 2028. This is much more promising for property investors than London’s projected 13.9% for property price growth.
