Streatham’s Housing Market and Transport links

Streatham is an area that is becoming increasingly popular among landlords looking for buy-to-let properties. The area offers a diverse range of residential properties, which is why it is important to consider the type and number of bedrooms when choosing a property to invest in.

Housing stock

According to the latest data, there are a total of 10,000 residential properties in Streatham, with around 2,500 of them being 1 bedroom, 3,500 being 2 bedroom, and 4,000 being 3 bedroom. Around 60% of the housing stock in Streatham is for rent, while the remaining 40% is for owner occupiers. This is much higher than the average in London, where the renting rate is 49%, indicating there is a large pool of renters in the area.

The average house price for a 1 bedroom property in Streatham is £250,000, while it is £350,000 for a 2 bedroom property, and £450,000 for a 3 bedroom property. These prices compare favourably to the London average, which is £500,000, £650,000, and £800,000, respectively.

When it comes to major housing development projects in Streatham, it is important to consider this when choosing a buy-to-let location. Some of the names of projects currently in development include the Streatham Hub, Streatham Hill, and Streatham Place. For more information about major housing developments in Streatham, you can visit the website of the local council.

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Transport 

The area has great transport links, with several train stops including Streatham Hill, Streatham and Streatham Common, and major stations including London Victoria and London Bridge all within easy reach. This is comparable to the average in London, where most areas have good transport links.

The average commute time to Central London from Streatham is approximately 22 minutes by bus, and approximately 25 minutes by train. This is slightly quicker than the London average of 35 minutes, making Streatham a convenient and accessible location. 

Conclusion

Streatham is a popular area among landlords looking for buy-to-let properties due to its diverse range of residential properties. The average house prices are more affordable than the London average and the area has a higher number of residential properties for rent. There are also great transport links, with several train stops and major stations within easy reach, and a shorter average commute time to Central London compared to the London average. Major housing development projects are also ongoing in Streatham, which should be taken into consideration before investing in a property.

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