The North West London suburb of Neasden is an ideal area to consider if you would like to invest in London property. Neasden benefits from good transport links, with central London accessible by underground in less than 20 minutes, while Canary Wharf can be reached in 40 minutes. For those commuting by road, the North Circular is on the doorstep, with its convenient connection to the A40.
Why is Neasden property attractive to tenants?
Neasden is an attractive suburb in the London borough of Brent. It has been enhanced in recent years by regeneration projects and is now a popular area with couples and families alike. Neasden underground station is on the Jubilee Line, Zone 3 and there are bus services into central London and surrounding areas, so it appeals to commuters who are looking for a reasonably priced area to live in, with convenient access to work.
The diverse area is home to the magnificent BAPS Shri Swaminarayan Mandir Hindu Temple, once described as “one of the Seven Wonders of London” by Timeout magazine. Shopping facilities in the area are good, with a range of shops in Neasden itself and a wide selection of store and restaurants at Brent Cross shopping centre, which is less than two miles from the centre of Neasden. Wembley - with its sports, leisure and retail facilities - is just a stone’s throw away, one stop from Neasden station along the Jubilee line.
Nearby Brent Reservoir is a tranquil haven teeming with wildlife and situated between Wembley Park and Hendon. In addition to a nature reserve, it also incorporates a recreation ground and a play park and there are facilities for a variety of water sports, including sailing and rowing.
What makes Neasden a good place for property investment?
Neasden is an ideal location for buy-to-let investors. With good schools, great facilities in the surrounding area, and easy access into central London, Neasden has a lot to offer residents, making it easy to attract good quality tenants to your rental properties.
There is a range of property types and styles in Neasden, with the majority being flats, terraced houses and semi-detached properties. Neasden property prices compare favourably with those in many other areas of London, including neighbouring Willesden Green and Harlesden, which are considerably more expensive. Recent developments in and around the Neasden area include modern apartments at Gladstone Village, adjacent to the 97-acre green oasis of Gladstone Park.
Property price guide
The overall average property price in Neasden over the last 12 months was £394,265. By contrast, the average property prices in Willesden Green and Harlesden were £669,640 and £432,822 respectively.
Average property prices in Neasden by accommodation type over the last year were as follows:
Terraced house: £507,533
Semi-detached house: £658,118
Neasden property values have seen good growth in recent years and have continued to hold their value through economic uncertainties over the last year.
Call us to speak to one of our team, or visit our website for further information about how we can help you to find the ideal buy-to-let investments in Neasden.