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Rents are going down at the moment despite property having a stamp duty boom.
You can get a nice enough 2 bed in Woolwich for £1k at the moment:
https://www.zoopla.co.uk/to-rent/details/56749857?search_identifier=07680edfb97a91345b698b006eb940d6
JonoMarshall-
nice enough 2 bed
I particularly like the bed in the kitchen
[Edit] Ah - it's a sofa type thing.
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I already put a lower rent in and my place is 20sqm larger. Also I am not thinking of renting
it out anytime soon that was just me checking what a yield could look like. Still a bit off from
only 1.5%.
I got this mainly as a safety net of a "rent free" place to stay in London and that turned out quite
nicely during this years pandemic. -
thats near @Mickie_Cricket !
NotThamesWater
sohi
amey
I put the rent lower than what I see some places in the same block going for just as a worse case scenario. It's ex council in Woolwich so not really prime. Maybe that's the slum lord part.