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The London Borough of Wandsworth has featured in a list of the top ten 'most profitable areas for landlords in London', a study from mortgage lender Kent Reliance reveals.
According to the study, landlords with property in Wandsworth are likely to make a profit of £629,644 over the next 25 years.
Meanwhile, across the London lettings market generally, over the next 25 years the average landlord will make an average net profit of £505,000 per property. This considerable sum will be achieved through capital value increases and rental income.
Though investors in the capital face higher property costs initially, rental income is higher in London than anywhere else.
Despite landlords in the London Borough of Wandsworth and elsewhere having to deal with a variety of regulatory and tax changes, investment in property continues to prove its worth, especially if investors choose property and location wisely and seek professional advice.
John Eastgate, Sales and Marketing Director at Onesavings Bank (Kent Reliance), said: "In spite of rising costs, there are still healthy returns to be found in property for committed investors."
Alongside Kensington and Chelsea, and the City of Westminster, other London boroughs to be included in the list are Camden, Hammersmith and Fulham, Richmond upon Thames, Islington, Hackney, Barnet and Haringey.
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