by Matthew Chihwai | News Reporter

A new study by CIA Landlord reveals the London boroughs with the cheapest average house prices vs. the average rental cost to uncover the most profitable hotspots to invest in before stamp duty holiday ends in March 2021.

For those living in London, buying a property can seem like an extremely unattainable dream with the average price tag for a home in the capital commonly topping the million-pound mark. However, with remote working taking over the capital, there are actually 13 boroughs where average houses prices fall below the £500,000 mark, allowing for an attractive pot of stamp duty savings too, within an area that is a perfect commutable distance into the city.

The study revealed that Havering was the best borough for profitability, with house prices averaging at £395,832 and monthly rental prices reaching a high £1,895. Under the stamp duty holiday, you can also expect to save more than £9,000 when buying the property!

Newham, Barking & Dagenham and Enfield follow Havering, with house prices averaging between £300k-£400k. With the average monthly rent price for all the top London boroughs surpassing £1,000 per month, landlords in the capital that look to invest further out of zones 1-3 will certainly reap the rewards.

The Top London Boroughs for Landlords Buying-to-Let