Wembley Buy-to-Let Guide

Looking for affordable areas when researching is one of the best ways to make money in property. According to Rightmove, the average property price in Wembley over the past year was £526,230. This is substantially more expensive than the overall UK average property price of £284,691, making Wembley a particularly pricey area.

The average sold price in Wembley is up 5% on last year and 8% up compared to 2021. This shows that Wembley property prices have continued growing even during the subdued property market of recent years. This is good news for Wembley property investors.

But what about the future of Wembley’s property market? According to Savills’ Residential Market Forecast, the UK property market is set to recover starting next year and return to healthy growth from 2026. However, the predicted growth for London over the next 5 years is 13.9%, which is not as high as the UK average of 17.9%. Other regions, such as the North West, are forecast to experience higher growth, which is set to see 20.2% capital value growth.

There are various types of property located in Wembley that are suitable for investment purposes. From the 1930s, semi-detached suburban houses to flashy new developments. As a popular place to live with high demand, developers often choose Wembley for new-build projects, including luxury apartment buildings.

According to Rightmove, the majority of sales in Wembley during the last year were flats, selling for an average price of £352,669. This means apartments are the most popular choice for property buyers in Wembley. Terraced properties fetched an average of £547,850, and semi-detached properties went for £646,425.

Average Property Prices in Preston

The average property price in this area is £587,360.

Average Rental Yield in Preston

The average rental yield in this area is 4.60%.

Average Property Prices in Alperton

The average property price in this area is £450,936.

Average Rental Yield in Alperton

The average rental yield in this area is 6.15%.

(Average property prices taken were from Rightmove in early 2024; rental yield estimates were calculated with figures from housesforsaletorent.co.uk in the same period)

What is the Best Area of Wembley to Invest in?

Wembley can offer a better rental yield than the London average, which is believed to be around 3-4%. London yields are notoriously low in many cases, so Wembley can offer a decent yield for those who can afford the initial high costs of buy-to-let investing.

Alperton could be considered one of the up-and-coming areas in London, as the average property price is still more affordable than the overall average for Wembley, leading to a comparatively high rental yield.

Wembley Park is also an excellent area to explore, as it is an established and in-demand area with a decent average rental yield. Those looking for a short-term letting opportunity will be drawn to Wembley Park for its events and attractions.

Regeneration

Wembley is one of London’s biggest regeneration success stories, after being poorly maintained and suffering from decline from the 1980s onwards. In the mid-2000s, the local authorities set about completely revamping the area. The extensive regeneration, including the new Wembley Stadium and Wembley Arena, has gone a long way to help reverse the suburb’s fortunes.

As the largest growth area in Brent and a designated opportunity area in the London Plan, Wembley’s potential hasn’t been fully reached, and the district’s regeneration journey is continuing. There are several revitalisation projects currently ongoing in Wembley or in the pipeline.

Location and Transport Links

When it comes to transport links, Wembley is well-connected to the rest of London, making it a desirable area to live for young professionals who are likely to rent. Eight train stations in the wider Wembley area are linked by the Jubilee, Metropolitan, Piccadilly, Bakerloo, and Overground lines.

Residents also benefit from nearby green spaces such as parks and Brent Reservoir.

As new build investments become more popular, off-plan investment is also gaining more attention as a strategy to acquire a new build property at a cheaper price point. Wembley is a popular area for new build developments, so there are opportunities for investors to take advantage of off-plan investment options.

But in order to get a complete picture of the off-plan investment opportunities in the area, it could be worth looking at the whole of London. Investors can explore Westminster, Greenwich and Islington new builds, for example.

For investors willing to look further afield than London, it’s also worth noting that London is the most expensive area for newly built properties, so cheaper off-plan options can be found in other regions of the UK, such as in the North. Major cities such as Manchester and Liverpool are popular locations for off-plan property investments.