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Are you thinking of investing in property in Croydon and other South London boroughs? You’re not alone. Property investors are raving about property opportunities in this area, with a particular focus on loft conversions as a way to enhance and fully capitalize on the vast investment opportunities on offer.
When considered as an investment area, South London has previously been passed off as a bit of a frumpy and out-of-the-way alternative to North London. This reputation is undeserved, and property investors are starting to recognize the potential in the South London area, which is comprised of:
- Kingston Upon Thames
- Richmond Upon Thames
Many people also consider Fulham and Battersea to sit within the general South London area, although they are slightly more west and would usually be classed as South-West London.
Within this huge range of boroughs, the transport links aren’t as good as in North London, but they are still great when it comes to getting to other parts of London. Overground and underground trains, buses, trams, and roads all enable you to get where you need to go quickly.
Additionally, it’s also really easy to get out into rural areas, coastal areas, and to Heathrow and Gatwick from South London. This is a particular draw for the many people who haven’t wanted to leave London post-pandemic but have wanted to move to improve their quality of life. South London offers great access to both rural and suburban worlds, which makes it increasingly desirable as a location to live and rent in.
As a plus point for investors, the average house prices in South London are lower than in North London, so they are ripe for purchase whilst continuing to increase in value, along with any other property within easy reach of the capital.
As well as a return on property sales, investors are likely to be considering renting out homes they purchase in South London. The rent sits at around £645 per week on average, compared to around £938 per week in North London. Airbnb rentals are also popular, fetching a wide range of prices per night depending on the property finish and exact location.
Key Benefits Of Property In South London:
- More affordable than other areas of London
- Great short and long-term let opportunities
- Good transport links
- Various leafy, beautiful boroughs perfect for young families
- Lots of busy, exciting spots perfect for young professionals
- Property price increase in London is continually rising
- Easy connection to rural areas and countryside for a better quality of life without giving up London life
Loft conversions are a benefit to any property because they add functional space, and who doesn’t need more functional space these days? You can use it for accessible storage, as a bedroom, as a creative space, or as a home office—the possibilities are endless. For some properties, multiple rooms can be added, as well as an en-suite, and even a kitchen area.
Importantly, they are usually faster to complete compared to extensions, and they don’t use up precious outdoor space. One in eight British households doesn’t have a garden, and in London, that creeps up to one in five. Gardens add such a high amount of functional and financial value to homes in London, so eating into them for living space is not ideal. Loft conversions in South London are built without any impact on the garden space, apart from perhaps an even better view of it and the surrounding area, depending on the location of the conversion.
Key Loft Conversion Benefits:
- No need to build into garden space
- Creates sizeable functional space
- Offer great views of the surrounding area
- Lots of natural light
- Can often fit in an en-suite and other features
- Adds value to a home
- Can be rented out
- Often a visually quirky and appealing room
- Lots of different design options
Loft conversions in South London are a great idea because they capitalize on the potential of an up-and-coming area. Areas like Croydon are starting to get more attention from property investors because the prices are lower than they are in South London, but the long-term potential is just as good.
For a lower price, you can invest in a house that will increase in value, that can be rented out at a great price, and that is in an area that more and more people want to live in.
In London, every area has its moment, and for Fulham, Battersea, and other parts of South London and nearby boroughs, that’s starting to happen. There is an increase in interest in parts of London that keep residents connected to the buzz of the capital whilst also enabling a bit of an escape with outdoor areas and easy connection to the coast and the countryside.
As more developers start to invest in the area, more businesses take an interest, and the location starts to improve, the overall value of property increases, and those who invested early reap the rewards. Additionally, by boosting the space with a brand new, beautiful loft conversion, which adds financial value anyway, the property is elevated and goes back onto the market for sale, or as a rental, enhanced and suitable for an entirely new range of potential buyers.
If you are interested in capitalizing on the huge range of desirable properties in South London with loft conversion work, do it with a professional construction company. Clapham Construction Service has been specializing in loft conversions for over 20 years and knows how to help you make the most of your property investment in South London with beautiful, functional, durable design and construction work designed to elevate and inspire.
Why not give Clapham Construction Service a call today for more information on how they can help you improve your South London property investment prospects?