With house prices and asking rents being pushed to record highs in London, many landlords and tenants are seeking alternatives and turning their attention to outside of the capital.
One area that is growing in popularity is Bexleyheath, which was originally part of Kent and now within the London borough of Bexley. One of its main points of appeal is that it provides a comfortable commute for tenants working in the heart of the capital.
With high tenant demand and more affordable prices, the town is also becoming more attractive to those looking to invest their money in bricks and mortar.
Big changes to the town centre, particularly since 2008, have helped to give the town a boost. Landlords are tapping into its popularity and looking for both flats and houses for sale in Bexleyheath.
The typical price of a property in Bexleyheath is £340,000, up £17,000 during the past year, according to property website Zoopla. At the same time, average rents are more than £1,000 a month. However, this is significantly less than in central London where average prices are more than £600,000 and average monthly rents are more than £3,000.
Areas of Bexleyheath
Bexleyheath is often perceived as being split into two parts, with the DA6 postcode in the south featuring the Red House – an Arts & Crafts property designed by the architect Philip Webb – and large residential homes in Danson Road next to the park.
Danson Park is widely considered to be one of the best open spaces in Greater London. It has a boating lake and a boat house with a restaurant as well as a Palladium mansion, a children’s play and splash park, several football pitches and tennis courts. There is also a lawn bowls club and woodlands. It hosts a range of events throughout the year, such as the Danson Festival in the summer and a firework display in November.
The other part of Bexleyheath sees the DA7 postcode in the south, which contains mainly 1930s semi-detached homes (with the exception of bungalows near the railway station).
The town centre has undergone some major changes with the shopping mall given a facelift internally in a bid to compete with the nearby Bluewater Shopping Centre. For those looking for alternative leisure facilities, the town also has a theatre, cinema, library, bingo hall and bowling alley.
Education in Bexleyheath
The good quality of schools and colleges in Bexleyheath means families who move to the area tend to stay. There are a host of academies and grammar schools in the area that have been rated highly by Ofsted.
Secondary schools in the area include Bexleyheath Academy, St Catherine’s Catholic School for Girls, St Columba’s Catholic Boys School and Townley Grammar School.
Transport in Bexleyheath
Bexleyheath has good transport links into the centre of London, with the railway station offering train services into the capital’s Victoria station via Peckham Rye as well as Charing Cross and Cannon Street. There are also links to Gravesend and Dartford. And there are good bus service links to areas such as Bromley, Lewisham, Sidcup and Woolwich.
Bexleyheath Property Insights
Check out house prices, average rent values, tenant demand and yields in Bexleyheath on our London Property Insights pages on Rentify
Photo: ‘Bexleyheath sign’ by David Howard