Forest Gate’s Housing Market and Transport links

Are you considering investing in the buy-to-let market in Forest Gate? This thriving and growing community has a lot to offer, and here’s what you need to know about the housing market and transport links.

Housing Stock 

There is a diverse range of residential properties in Forest Gate, including flats and houses with different numbers of bedrooms. The volume of 1, 2, and 3 bedroom properties in Forest Gate is higher than the average for London, making it an attractive location for tenants looking for larger living spaces. This diversity of housing types is important to consider as it can provide a wider range of rental options for tenants and a larger pool of potential renters for landlords.

The housing stock in Forest Gate is a mix of older, traditional properties and new build developments. Approximately 10% of the housing stock in Forest Gate is made up of new build properties. It is important to consider the age of the housing stock when choosing a buy-to-let location, as older properties may require more maintenance and renovation, while new builds may have modern amenities and a more contemporary feel.

Rental vs Owner Occupier

Approximately 45% of the housing stock in Forest Gate is made up of owner-occupiers, while 55% is for rent. This is a higher rate of rental properties than the average in London, making it a promising location for landlords as it indicates a higher demand for rental accommodation.

Average House Prices

The average house price in Forest Gate for a 1 bedroom flat is £250,000, for a 2 bedroom flat £300,000, and for a 3 bedroom house £450,000. These prices are lower than the average in London, making Forest Gate a more affordable option for potential renters and landlords. It is important to consider house prices when choosing a buy-to-let investment, as higher house prices may indicate a more expensive rental market, while lower prices may offer better rental yield.

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Housing Development Projects

There are several major housing development projects currently underway in Forest Gate, including the Forest Gate Regeneration Project and the Forest Lane Estate Redevelopment. For more information on these projects and other housing developments in Forest Gate, visit the Newham Council website. Knowing about any upcoming housing developments in the area is important as new builds may increase the housing stock and affect rental prices.

Transport 

Forest Gate has excellent train links, with Forest Gate station located on the TFL Rail Line. This line runs from Liverpool Street to Shenfield, providing residents with quick and easy access to central London. Other nearby stations include Stratford, Wanstead Park and Manor Park, all of which offer a range of services, including the Central, District, and Overground lines. As a result the average commute times to central London are considered to be relatively quick, at around 20 minutes, compared to the London average of 35 minutes.

Forest Gate also has a well-developed bus network, with several bus routes running through the area. The bus routes connect Forest Gate to nearby areas, such as Stratford, Walthamstow, and Ilford. This makes it easy for residents to travel to and from the area without relying solely on trains. There are also several bike rental points and bike lanes located throughout the area, so residents who prefer not to take the train have plenty of alternative modes of transportation to and from the area. 

Conclusion

Forest Gate is a growing community with a diverse range of housing options, including flats and houses with different numbers of bedrooms. With 55% of the housing stock made up of rental properties and lower average house prices compared to London, it is a promising location for buy-to-let investors. Additionally, Forest Gate has excellent transport  links to central London, making it easy for residents to travel to and from the area. Upcoming housing developments in the area may also impact the housing market in the future.

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