Northwood’s Housing Market and Transport Links
As a landlord, you need to consider various factors before making a decision to invest in the housing market in Northwood. In this blog post, we will explore the type and volume of residential properties, the renting versus owner-occupier rate, the average house price, and the age of the housing stock. We will also delve into the transport links in Northwood, including train links, bus links, and commute times.
Housing Stock
There is a diverse range of residential properties in Northwood, including 1-bedroom, 2-bedroom, and 3-bedroom flats and houses. The overall volume of housing in Northwood is higher than the average in London, with a significant number of 1 and 2-bedroom properties. This indicates a high demand for smaller properties, making them a popular choice for renters.
Renting vs Owner-Occupier Rate
In Northwood, the renting versus owner-occupier rate is in favour of renters, with a higher percentage of properties being rented out compared to the average in London. This suggests a high demand for rental properties, making it a great location for buy-to-let investments.
Average House Price
The average house price for a one-bedroom house in Northwood is around £250,000, while the average house price for a two-bedroom house is around £350,000. For a three-bedroom house, the average house price is around £450,000. When compared to London, the house prices in Northwood are relatively lower, making it a great option for landlords looking to invest at a lower cost.
Age of Housing Stock
The housing stock in Northwood is a mix of old and new build properties, with a significant number of new build properties being developed in recent years. It’s important to take this into account since new build properties tend to be more energy-efficient and cost-effective to maintain, making them a popular choice for renters.
Transport
Northwood has two train stations, Northwood Hills and Northwood, which are serviced by the Metropolitan Line. Both stations offer quick and easy access to central London, with fast trains taking just over 30 minutes to reach Baker Street. This makes Northwood an ideal location for those who need to commute to work in London. Northwood also has a comprehensive bus network with frequent services to other parts of London. This makes it an attractive location for those who prefer to travel by bus.
The commute times in Northwood are shorter compared to the average in London, making it an attractive location for those who need to travel frequently. With fast train services and a comprehensive bus network, you can easily get to your destination in no time.
In conclusion, Northwood is an attractive location for those looking to invest in the buy-to-let market. With a diverse range of housing stock, a high demand for rental properties, and affordable house prices, it is an attractive location for landlords. The comprehensive train and bus network, as well as the shorter commute times make the area a great option for young professionals looking for easy and convenient travel into the city.
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