Buy to Let Property Guide for Worcester Park
Popular with young families and professional couples looking to commute to central London every day, Worcester Park is an area loved by young and old. Couple together its selection of primary and secondary schools with wonderful local restaurants and parks, and this area becomes a fantastic location for your next buy to let investment. Above all of this, it is worth noting the incredible growth that Worcester Park’s housing market has experienced in the past 5 years, with a 7.9% increase in house prices each year.
With a population of just under 12,000 Worcester Park is home to all groups, from young professionals to older families. A 2011 census revealed that almost 50% of the town’s residents are married, and another 12.4% are cohabiting, strengthening the argument that Worcester Park is particularly popular with those looking to settle down outside of the busy capital.
Properties in this area start from £200,000 and gradually move to costing up to almost £3Million, at which price you can expect some truly stunning properties. For under £250,000 you can find a variety of studio and smaller 1 bedroomed apartments dotted across Worcester Park which would make perfect first investment properties. These homes have been well maintained and often, recently refitted -- so they require little to no work before being ready to let, perfect for a first time investor.
Between £250,000 and £400,000 properties range from being more spacious 1 bedroom apartments and towards the top end being classically appointed 2 bedroomed apartments and maisonettes. Again, these homes are dotted throughout Worcester Park, but at this price start to be part of more highly prized developments, and some are tucked away in only the most picturesque streets. These properties are particularly popular with professional couples due to being well appointed and close to fantastic transport links up to central London.
If you’re looking to spend under £500,000 then you can hope to find some wonderful 2 and 3 bedroomed terraced properties in this idyllic town. As you consider properties costing upwards from £400,000 you start to come across properties with private gardens and off street parking, perfect for young and growing families. Towards the top end of this price range homes feature: bigger bedrooms, more spacious gardens and additional storage spaces. Tapping into the market of families in Worcester Park can be done without spending more than £500,000 as the quality of homes never decreases, it only ever goes up.
Semi-detached homes with either 3 or 4 bedrooms can cost anywhere between £500,000 and £700,000 in this pastoral suburb, and are sure to lure families of all ages. For this sum, you not only receive large bedrooms and bathrooms, but also off-street parking for at least two vehicles and sprawling gardens which only add value to the property. At the very top end of this price bracket these wonderful family homes start to feature additional reception rooms and storage. The added draw of being close to some of the best schools in the area sets these homes up for great letting success.
For the greatest variety of 4 and 5 bedroomed properties, you can spend expect to spend anywhere above £700,000 in Worcester Park. The property formats range from bungalows, to townhouses, to detached properties with generous gardens. Benefiting from being in Worcester Park’s most sought after areas and developments, these homes are a prize for anyone looking to grow their portfolio in this jewel of a town. From the stylish fittings to the timeless brickwork, these homes are beautiful examples of how Worcester Park combines the past and the present.
When investing over £1Million in Worcester Park you can access homes with between 4 and 6 bedrooms, and a fantastic number of additional features. From indoor swimming pools to personal cinemas, there truly is something for everyone. Homes costing over £1Million balance characterful beams and stonework with modern decorations and fittings, and open plan living spaces with accentuate the light which flows through the properties. Homes in this price range meet many of the requirements for a dream home, and with a great selection of restaurants, parks and other local amenities, it’s easy to imagine tenants never wanting to leave.
We hope that this guide has given you a good introduction to the range of properties available to invest in in Worcester Park, but should you have any other questions, please don’t hesitate to get in touch. At Hunters, we recognise that every landlord’s needs and goals are different, so we tailor our service to each individual. We do this by combining our years of industry experience, with a national database of clients and staff and of course, great local knowledge. Doing all of this in accordance with our nationally upheld standards for estate agency means that we are able, and proud, to deliver our clients with the best possible level of service. Get in touch today and find out how we can get you there.