Southwark is one of London’s most vibrant and eclectic areas. Located south of the Thames, this borough is home to a rich and diverse population, bustling markets, world-renowned landmarks, and thriving nightlife. It’s no wonder why so many young professionals flock to Southwark every year. As a result, the demand for rental properties in the area has skyrocketed, making it a prime location for property investors to purchase House of multiple occupancy (HMO) properties.
One of the main reasons why young professionals love Southwark is because of its fantastic transport links. With easy access to several national rail and tube stations, as well as numerous bus routes and bike routes, residents can quickly and easily travel to any part of London. This is particularly important for young professionals who often work in the city and need to commute daily. By living in Southwark, they can be just a stone’s throw away from their office, cutting down on commute times and costs.
Another reason why Southwark is such a popular location for young professionals is because of its thriving social scene. From trendy bars and restaurants to music venues and theatres, there’s always something to see and do in this borough. Popular attractions include the iconic Borough Market, the Tate Modern and the Shard. By living in Southwark, young professionals can experience the best of London’s cultural offerings, which is a significant draw for many.
Memorial to Shakespeare, Southwark Cathedral
Southwark Cathedral is a particular interesting landmark in Southwark, as it is a stunning Gothic structure with a rich history dating back to the 12th century. Originally known as the Church of St. Mary Overie, the cathedral has survived numerous fires, bombings, and other calamities, and remains one of London’s most treasured architectural and cultural treasures. Visitors can explore the intricately stained-glass windows, impressive high altar, as well as the many chapels and tombs of notable historical figures, including William Shakesphere, who used to worship at the cathedral. To this day the Southwark Cathedral serves as a centre for worship, education, and community outreach and offers a unique and unforgettable glimpse into the heart of one of the world’s greatest cities.
When it comes to the HMO rental market and demand for rooms, Southwark is a landlord’s dream. With a high concentration of young professionals living in the area, there is always a high demand for rooms to rent. HMOs, in particular, are incredibly popular because they provide affordable, flexible living options for young professionals who are looking for a more communal living experience. With shared common spaces and individual rooms, house-shares are a great way for young professionals to make new friends and build social connections in the area.
Wonderful view in Southwark
In conclusion, Southwark is a fantastic location for property investors looking to purchase a HMO property. With its excellent transport links, vibrant social scene, and high demand for rental properties, investing in an HMO property in Southwark is an opportunity not to be missed.