The Demographics of Kingston-Upon-Thames’ Population
Understanding the population size of Kingston-upon-Thames, as well as age, employment rate, education level, volume of renters versus homeowners, and crime rate can provide valuable insight into the potential success of your investment.
Population Size
Kingston-upon-Thames is home to approximately 165,000 residents. This is relatively small compared to the average London borough, which has a population of around 320,000. Despite its smaller population size, Kingston-upon-Thames is experiencing steady population growth, which can be a positive indicator for landlords looking to invest in the area.
Age of the Population
The age of the population in Kingston-upon-Thames is diverse, with a significant proportion of residents being in the 25-44 age bracket. The employment rate in Kingston-upon-Thames is also relatively high, with around 73% of residents being in employment, slightly higher than the national average.
Education
In terms of education, Kingston-upon-Thames has a relatively high proportion of residents with a degree or higher, with around 42% of the population having a higher education qualification. Additionally, there are several universities nearby, such as Kingston University and University of Roehampton, which can provide a steady stream of potential renters.
Renters vs Homeowners
The volume of renters versus homeowners in Kingston-upon-Thames is relatively balanced, with around 40% of residents being renters. This is slightly lower than the average in the UK, but it still presents a significant rental market for landlords utilise.
Crime Rate
Finally, the crime rate in Kingston-upon-Thames is relatively low compared to the average in the UK. This can be a positive indicator for landlords as it can increase the likelihood of tenants feeling safe and secure in their rental property.
In conclusion, Kingston-upon-Thames offers a diverse population with a growing population size, a diverse age group, high employment rate, relatively high education level, a balanced volume of renters versus homeowners, and a low crime rate. All these factors make Kingston-upon-Thames a great location to consider when investing in a buy-to-let property. As a landlord, it is important to carefully research the demographic factors of any potential investment area to ensure the best chance of success for your property.
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