Benefits of Renting in Canary Wharf London

Benefits of Renting in Canary Wharf London

Renting in Canary wharf can be a great investment for would-be investors or even be a great choice for people who are looking to live in London without paying a fortune. 

Canary Wharf, London is centred around business. With high-rise office buildings and skyscrapers growing as tall as the eye can see, the whole atmosphere around Canary Wharf is one of productivity and work ethic.  
In this article, we will be discussing just a few of the crucial points that make Canary Wharf one of the best places you can rent in London, as well as how you may be able to get in order some of the best ROI (return on investment) rates out of London as a whole.  

Wide Availability of Rental Homes in Canary Wharf

Due to the functional and practical nature of Canary Wharf, there is an abundance of properties that are available to be taken. 

Unlike most other areas of London, trying to find a place to rent in Canary Wharf will not be such a troublesome task. In fact, there are usually ample buying opportunities in Canary Wharf, both for investors and tenants alike.

  
This is possible because of how Canary Wharf is laid out. The sprawling high-rise buildings and skyscrapers offer an abundance of properties to rent, as well as a lot of choices and different options to choose from.  

This makes Canary Wharf one of the easiest places to manage to grab yourself a property in London. 

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Rental Properties are Relatively Affordable in Canary Wharf

It's no secret that properties in London tend to have ludicrous price tags. London has one of the most competitive housing markets out there, and the barrier to entry is extremely high. Although, this doesn’t seem to be the case with Canary Wharf.  

Compared to the rest of London, properties in Canary Wharf are relatively affordable. Of course, that doesn’t mean that buying a property in Canary is cheap, but compared to other areas in London, properties in Canary Wharf can seem like a steal.  

Not only does this allow Canary Wharf offer an alternative way for people to get in on the London housing market without spending a fortune, but it also leads to Canary Wharf offering extraordinary ROI.  

The cost of properties in London has increased exponentially over the last few decades, which is great news for some, but not for would-be home letters.  
This is due to the fact that even though the cost of properties continues to rise, the renting charges produced from said homes has stayed relatively similar. This leads to the fact that other areas in London tend not to have the best return on investments for home letters. However, Canary Wharf is an exception to this rule. 

Due to the lower costs of properties in Canary Wharf, when compared to the rest of London, the potential return on investment rates are incredibly favourable.   
This means that investors can invest a relatively reasonable amount of capital into a property situated in Canary Wharf, and very quickly start earning a substantial amount of income from said investment.  

Is Renting a Property in Canary Wharf Right for you?

Overall, no matter how experienced you are with investing or the housing industry, investing in a property in Canary Wharf will be a great decision for the vast majority of people. 

Canary Wharf is a perfect place for new investors to start due to the low barrier to entry as well as the great return on investments, as well as being a great asset to a veteran of the real estate industry.  

Conclusion  

Renting a property in Canary Wharf can be an incredibly lucrative venture. That’s without mentioning the fact that it doesn’t require the huge amount of capital that a property anywhere else in London would cost.  

If you are interested in purchasing/renting a property in Canary Wharf or London as a whole, feel free to contact us at TRPE- The Real Property Experts. We have all the latest property listings available to view in London as well as experts in the field that can provide you with quality information about renting or letting a home in London.  
If you have any more questions about anything real estate, feel free to contact us. We will be more than happy to help.  

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Fees

Refundable Holding deposit

Capped at 1 weeks rent

Security Deposit

Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent

The agreed monthly rent

Changes to tenancy

Capped at £50 inc VAT

Early termination charge

Not exceeding the landlord’s financial losses

Late payment of rent

Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys

Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc

Tenants own responsibility unless otherwise stated in contract

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