Finchley Road’s Housing Market and Transport links

This bustling part of North London offers a range of residential properties, including apartments, flats, and houses, making it an attractive location for buy-to-let.

Residential Properties

The residential properties in Finchley Road include a mix of 1, 2, and 3 bedroom flats and houses. Compared to the average in London, the volume of 1 and 2 bedroom properties is high, with a smaller number of larger 3 bedroom homes. This variety of housing options makes the area appealing to a wide range of tenants. It’s important to consider the type and number of bedrooms when choosing a buy-to-let property as it will affect the potential rental income and target tenant demographic.

Renting vs Owner Occupier

In Finchley Road, the majority of properties are owner-occupied, with a relatively small number of properties available for rent. This is in line with the average in London. It’s important to consider the renting vs owner-occupier rate as it can impact rental demand and rental prices in the area.

Average House Prices

The average house price for a 1 bedroom house in Finchley Road is around £450,000, while a 2 bedroom house will cost around £650,000 and a 3 bedroom house around £800,000. These prices are slightly lower compared to the average house prices in London, which are around £500,000 for a 1 bedroom house, £700,000 for a 2 bedroom house, and £950,000 for a 3 bedroom house. This indicates that Finchley Road is a highly desirable area, and you can expect to see good returns on your investment over the long term.

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Age of Housing Stock

The housing stock in Finchley Road is a mix of older properties and new builds. There are several new build developments in the area, with a small number of properties being recently built. It’s important to consider the age of the housing stock when choosing a buy-to-let property as it will affect the potential rental income and investment return.

Major Housing Development Projects

There are several major housing development projects underway in Finchley Road, including “Finchley Road Residences” and “The Riverfront”. These projects aim to bring new and modern residential properties to the area. For more information on major housing developments in Finchley Road, visit the website of the local council https://www.barnet.gov.uk/. It’s important to consider potential housing developments when choosing a buy-to-let property as it may impact the local housing market and investment returns

Transport Links

Finchley Road is a busy road in North London and is well served by a variety of transport links. The area is served by three London Underground stations: Finchley Road, West Finchley, and Finchley Central. These stations provide quick and convenient access to central London and the surrounding areas, with journey times of around 15-20 minutes to central London.

In addition to the underground, Finchley Road is also served by several bus routes, including the 13, 82, and 113, which provide connections to areas such as Hampstead, Hendon, and Brent Cross. The area is also served by local overground trains from West Hampstead and Gospel Oak, making it easy to travel to other parts of London and beyond.

Cycling is also a popular mode of transport in Finchley Road, with several cycle lanes and storage facilities available for cyclists. Additionally, the area is well served by taxis, with several taxi ranks and private hire companies operating in the area.

In conclusion, the Finchley Road area offers a range of residential properties, including a mix of apartments, flats, and houses, making it an attractive location for buy-to-let. The transport links in Finchley Road are extensive, making it easy for residents and visitors to get around the local area and beyond. Whether you’re using the underground, buses, trains, taxis, or even cycling, there are plenty of options available to help you get where you need to be.

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