Property values rise by £1,846 per week in East Dulwich
Last week, a landlord who lives near The Court Lane area near Dulwich Park came in to our office to discuss the rising property values in the SE22 area. He owns a varied portfolio of rental properties, primarily in East Dulwich and Dulwich with one in Forest Hill, so it is interesting to compare the increase in property values around the area.
Over the last 12 months in East Dulwich average property values have risen from £556,300 to £652,300, a rise of £96,000 or £1,846 per week. When I looked at some of the surrounding areas, Dulwich has had a much higher average increase in property values, at around £2,342 per week, whilst Forest Hill has had a slightly lower rise of around £1,265 per week.
However, when one looks at the percentages, East Dulwich has performed the best, rising by 17.2% in the last 12 months, compared to Dulwich at 15.1% and Forest Hill’s at 16.9%! It is, nonetheless, a rise in all the town’s average property values which suggests the market is increasing steadily in our area, but especially East Dulwich– good news for home owners and landlords alike.
When considering this landlord’s buy to let portfolio, yields can be in the order of an average 2% to 4% per year, depending where you buy, so combine that with steady rental growth, excellent increases in capital values of the properties themselves and it could be a good time to invest in the property market in East Dulwich as property values start to rise.
If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market, please come and see me at our office on The Parade, Dog Kennel Hill, East Dulwich or email me at email@example.com or telephone us on 020 3199 3470.