Harrow is one of the best areas in London for first-time buyers, according to a new report.

The analysis, carried out by real estate forecast Proportunity, cited three areas of the borough in its top ten places to invest.

Rayners Lane, Edgware and West Harrow were considered to be some of the best wards in terms of the potential for price increases.

It comes primarily due to the fact that Harrow is currently undergoing a regeneration strategy to the tune of £1.75 billion.

This is intended to attract young people to the area and they will be encouraged by the expectation that flat prices in Edgware and West Harrow, for example, are likely to rise at a strong rate.

As for Rayners Lane, analysts noted that the regeneration on the Rayners Lane estate – described as the “benchmark” for future, similar projects – means there is substantial room to grow.

The results came from comparisons of more than one hundred sets of data, including historical price growth, regeneration plans, crime rates, transportation links and school index.

All three areas in Harrow scored highly on the school index, with West Harrow being awarded full marks.

It also performed well in terms of regeneration and a lack of crime, but its transport connectivity was deemed relatively poor.

Edgware was marked down due to high crime rates, but still did enough to make the top ten, while Rayners Lane was considered the second best ward in the capital behind Gascoigne in Barking and Dagenham.