While the market seems to have settled after a prolonged period defined by the stamp duty holiday and record low mortgage rates, experts continue to forecast rental yield and capital growth in 2022 and beyond for London buyers.
According to agent Savills*, UK rents are expected to rise by 19.9% over the next five years, resuming their correlation with income growth. Rents in London are expected to be 22.2% higher at the end of 2026 than they are today.
Trent Park in Enfield, North London offers traditionally designed new and converted apartments and houses set in 413 acres of beautiful historic parkland around the centrepiece of a Grade II listed mansion house, which is being meticulously restored and converted. The one, two and three-bedroom apartments and the four and five-bedroom houses each provide luxury and convenience in equal measure.
The houses at Trent Park are currently achieving an average net rental yield of 3.7% and the apartments an average net rental yield of 3.6%.
Brian Mckenzie, Managing Director at Berkeley North East London Ltd, comments: “Savills is forecasting that rental growth in London will rebound after losing ground in 2020 - which boosts the longer-term, five-year outlook. For those who want to benefit from impressive growth prospects in the capital, who are looking for a property which ticks the boxes for a green, semi-rural setting and spacious, flexible living, Trent Park is an incredibly appealing opportunity for buyers looking for value.”
Average house prices in London are expected to see growth of 2% in 2022, reaching an increase of 5.6% over a five-year period**. Savills’ experts predict that new developments in areas connected to both employment centres and green space, will continue to perform well.
Residents at Trent Park are also able to enjoy superb country-club style leisure amenities; the Lawn Club comprises an open-air swimming pool and state-of-the art gym in a beautifully restored Orangery and four outdoor tennis courts. Club Concierge is available to everyone living at Trent Park. Going far beyond greeting guests and parcel collection, the specialist team offers home cleaning, laundry and handyman services, as well as assistance when residents are away, such as watering plants and collecting mail.
There is an 18-hole golf club and riding school within the wider grounds of Trent Country Park. Cockfosters high street is within walking distance and offers plenty of independent boutiques, cafés and restaurants for leisurely meals out.
The hustle and bustle of central London is within easy reach. Trains from Oakwood Underground station – which can be reached using a residents’ exclusive shuttle bus service from the development – go to King’s Cross in just under half an hour. The M25 is also just a 15-minute drive away, offering easy access to the rest of the South East and beyond.
Two-bedroom apartments at Trent Park are priced from £790,000 and four-bedroom houses from £1,485,000. For further information about the homes available at Trent Park, call Berkeley on 020 3930 4912 or visit trent-park.co.uk.
*https://www.savills.co.uk/research_articles/229130/320997-0
**https://www.savills.co.uk/research_articles/229130/320995-0