West Hampstead’s Housing Market and Transport Links
As a landlord, you may be considering investing in buy-to-let housing stock in West Hampstead. With its excellent transport links and proximity to London, this area is a popular choice for renters looking for easy access to the city while still enjoying the benefits of living in a suburb.
The Volume of Residential Properties
There are a significant number of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. This is comparable to the average in London, making West Hampstead a great option for landlords looking to invest in a range of property sizes. It’s worth considering the housing type and number of bedrooms when choosing a buy-to-let property as this can affect the rental demand and potential yield.
Renting vs Owner Occupier
Around 60% of housing stock is for owner occupation, while 40% is for rent. This is slightly higher than the average for London, which can be beneficial for landlords looking to invest in a location with a high demand for rental properties.
House Price
The average price for a flat in West Hampstead:
- £400,000 for a 1 bedroom flat
- £550,000 for a 2 bedroom flat
- £700,000 for a 3 bedroom flat.
These prices are slightly lower than the average for London, making it an attractive option for potential landlords.
Housing Stock
The housing stock in West Hampstead is a mix of older and newer properties, with around 30% being new builds. It’s important to consider the age of the housing stock when choosing a buy-to-let location as newer properties may require less maintenance and have more modern features that can attract renters.
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Housing Developments
There are several major housing development projects currently underway in West Hampstead, such as “The Hampstead Collection” and “The Hill”. For more information on these and other developments, you can visit the Camden Council website https://www.camden.gov.uk/.
Transport Links
West Hampstead is a well-connected area with a variety of transportation options available to residents and visitors. The area is served by three London Underground stations: West Hampstead, West Hampstead Thameslink, and West Hampstead Jubilee Line. The West Hampstead Thameslink station provides regular trains to central London and other parts of the city, as well as destinations further afield such as Brighton and Cambridge. The Jubilee Line offers a fast connection to central London and the West End, with stops including Bond Street, Oxford Circus, and Waterloo.
In addition to the Underground, West Hampstead is also served by several bus routes, including the C11, which goes to Camden Town, and the 139, which goes to Swiss Cottage. The area is also well-served by cycle lanes and has several Santander Cycles hire points.
For those travelling by car, West Hampstead is located close to the A41, which provides a direct route to the M1 motorway and the North. There is also off-street parking available in the area, as well as a number of car parks.
Overall, West Hampstead offers a wide range of residential properties, including 1, 2, and 3-bedroom flats and houses, the area’s healthy balance of 60% owner occupation and 40% rental properties. West Hampstead offers a range of transportation options for those looking to travel to and from the area. The London Underground and bus routes provide easy access to the rest of London, while the nearby motorway and cycle lanes make it easy to get around by car and bike.
Investing In A Buy-To-Let Greenwich
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Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.
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