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Estate Agents & Letting Agents in Blackfen & Sidcup

Blackfen Landlord Guide

Blackfen, belonging to the London Borough of Bexley, is a suburban location situated to the south of Sidcup, where plenty of residential accommodation is available. With commute to London often taking under less than half an hour, the area has seen an influx of nest-makers seeking out a comfortable place to live that evades the sky-rocketing prices of London while still being within easy distance for both work and leisure.

According to Rightmove, Blackfen properties sold with an overall average price of £339,679 in the past year, making this area similar in sold prices to nearby Sidcup – where the average price was £336,113. Blackfen was however more expensive than Albany Park and Welling, where average sales were £318,615 and £318,615 respectively. This helps shape the picture of desirability in the area – which saw sold prices in Blackfen up 13% on the previous year and 27% up on 2013, where the average house price was £266,699.

Those interested in buying houses in Blackfen to live in or as buy-to-let investments should therefore consider these figures remarkable testament to the healthy prospects for securing a great return in the area. Rental yield is a case in point, where Hunters has marketed must-see family property for over £2,000pcm – meaning a yearly return of £22,000. This is a likely figure other landlords can expect to garner with a property of up to 4 bedrooms that is marketed in an appropriate and effective fashion. And with terraced properties being the most popular type of homes sold and let in Blackfen, the possibility to transform these residences into fantastic money-earners is ample.

Prospective landlords may also want to take note of the average age of residents in Blackfen – where the majority are between 30 and 44 (25.8%) according to the 2011 Census, with the second most populous age group being those aged between 45 and 59 (16.6%). This would strongly suggest that more people looking to rent property in Blackfen are older than those renting in Central London, which should be considered when tailoring the interiors of the property to meet the most significant level of demand on the market. Landlords should therefore think neutral palettes, high-specification fittings and maximising on space where possible, as this demographic will appreciate good quality of living. A blend of traditional features with contemporary furnishings tends to work well, particularly where space can be highlighted.

Additional bedrooms could also be marketed as guest rooms or suitable for children – especially given the fact that the average child-rearing age for first-time mothers in the Southern region is 30-34, according to a 2013-14 report published by the Health and Social Care Information Centre. With this in mind, landlords could use to their advantage the fact that Blackfen has a level of residents with a higher education qualification than that of the national average, and better health in general, with over 50% rating this as “very good” (2011 Census data). Closest top-performing schools include Beth’s Grammar School, Bexley College, Bexley Grammar School, Blackfen School for Girls, and Chislehurst and Sidcup Grammar School to name a few.

Due to the highly competitive nature of the lettings market in the area, it is essential for landlords to seek the services of a reliable estate agency that can adopt strategic marketing tactics and professionalism when letting property in Blackfen. While this can boost rental yield, it also ensures peace of mind in tenant selection and management of the property from a team that are both local to the area and committed to providing a competitive edge.

To find out more, get in touch with Hunters in Blackfen today, where one of the lettings specialists at the independently owned branch will be on hand to discuss options.

Blackfen, belonging to the London Borough of Bexley, is a suburban location situated to the south of Sidcup, where plenty of residential accommodation is available. With commute to London often taking under less than half an hour, the area has seen an influx of nest-makers seeking out a comfortable place to live that evades the sky-rocketing prices of London while still being within easy distance for both work and leisure.

According to Rightmove, Blackfen properties sold with an overall average price of £339,679 in the past year, making this area similar in sold prices to nearby Sidcup – where the average price was £336,113. Blackfen was however more expensive than Albany Park and Welling, where average sales were £318,615 and £318,615 respectively. This helps shape the picture of desirability in the area – which saw sold prices in Blackfen up 13% on the previous year and 27% up on 2013, where the average house price was £266,699.

Those interested in buying houses in Blackfen to live in or as buy-to-let investments should therefore consider these figures remarkable testament to the healthy prospects for securing a great return in the area. Rental yield is a case in point, where Hunters has marketed must-see family property for over £2,000pcm – meaning a yearly return of £22,000. This is a likely figure other landlords can expect to garner with a property of up to 4 bedrooms that is marketed in an appropriate and effective fashion. And with terraced properties being the most popular type of homes sold and let in Blackfen, the possibility to transform these residences into fantastic money-earners is ample.

Prospective landlords may also want to take note of the average age of residents in Blackfen – where the majority are between 30 and 44 (25.8%) according to the 2011 Census, with the second most populous age group being those aged between 45 and 59 (16.6%). This would strongly suggest that more people looking to rent property in Blackfen are older than those renting in Central London, which should be considered when tailoring the interiors of the property to meet the most significant level of demand on the market. Landlords should therefore think neutral palettes, high-specification fittings and maximising on space where possible, as this demographic will appreciate good quality of living. A blend of traditional features with contemporary furnishings tends to work well, particularly where space can be highlighted.

Additional bedrooms could also be marketed as guest rooms or suitable for children – especially given the fact that the average child-rearing age for first-time mothers in the Southern region is 30-34, according to a 2013-14 report published by the Health and Social Care Information Centre. With this in mind, landlords could use to their advantage the fact that Blackfen has a level of residents with a higher education qualification than that of the national average, and better health in general, with over 50% rating this as “very good” (2011 Census data). Closest top-performing schools include Beth’s Grammar School, Bexley College, Bexley Grammar School, Blackfen School for Girls, and Chislehurst and Sidcup Grammar School to name a few.

Due to the highly competitive nature of the lettings market in the area, it is essential for landlords to seek the services of a reliable estate agency that can adopt strategic marketing tactics and professionalism when letting property in Blackfen. While this can boost rental yield, it also ensures peace of mind in tenant selection and management of the property from a team that are both local to the area and committed to providing a competitive edge.

To find out more, get in touch with Hunters in Blackfen today, where one of the lettings specialists at the independently owned branch will be on hand to discuss options.

Hunters Estate Agents Blackfen & Sidcup
Hunters Estate Agents Blackfen & Sidcup

Contact us

Hunters Blackfen
265 Westwood Lane,
Sidcup,
Kent,
DA15 9PS
Sales: 020 8301 5511
Email: [email protected]

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Sun Nov 05 13:11:11 +0000 2017