Marylebone’s Housing Market and Transport Links

With its excellent transport links and proximity to many major attractions, Marylebone is a popular choice for renters looking for a central London base, offering a high-yielding property market for buy-to-let investors. In this article, we will explore the housing market and transport links in Marylebone, highlighting the key factors that landlords should consider when choosing a buy-to-let property in the area.

The Volume of Residential Properties

The type and volume of residential properties in Marylebone are diverse, with a mix of flats and houses available. According to recent data, there are a total of 7,672 residential properties in Marylebone, of which 3,716 are 1 bedroom, 2,735 are 2 bedroom and 1,221 are 3 bedroom. This compares favourably to the average in London, where the majority of properties are 1 and 2 bedroom flats. The number of bedrooms can be an important factor when choosing a buy-to-let property as it will affect the potential rental income and the type of tenant that the property is likely to attract. 

Renting vs Owner-Occupier

Marylebone has a higher proportion of properties for rent compared to the average in London, with around 56% of properties in Marylebone for rent, compared to the London average of 49%. This indicates a strong demand for rental properties in the area and is an important consideration for landlords looking for a high-yielding property market.

House Price

The average house price for a flat in Marylebone is:

• £747,000 for a 1 bedroom flat
• £1,200,000 for a 2 bedroom flat 
• £1,800,000  for a 3 bedroom flat

These prices are slightly higher than the average in London, which is: 

• £450,000 for a 1 bedroom flat
• £600,000 for a 2 bedroom flat 
• £800,000 for a 3 bedroom flat. 

It is important to consider the average house price when choosing a buy-to-let property as it will affect the potential rental income and the type of tenant that the property is likely to attract.

Residential Properties for Rent

There are a total of 4,200 residential properties for rent in Marylebone, which is a significant number considering the total number of residential properties in the area. This indicates a strong demand for rental properties in the area and is an important consideration for landlords looking for a high-yielding property market.

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Housing Stock

The age of the housing stock in Marylebone is diverse, with a mix of old and new properties available. According to recent data, around 10% of properties in Marylebone are new builds. 

Housing Developments

There are several major housing development projects currently underway in Marylebone, including The Chilterns, The Chiltern Firehouse and The Londoner. These projects are set to bring a significant number of new properties to the area, making Marylebone an even more attractive location for buy-to-let investors. For more information on major housing developments in Marylebone, visit the website of Marylebone Development Company.

Transport Links

The nearest underground station is Baker Street, which is served by the Jubilee, Bakerloo, Circle, Hammersmith & City and Metropolitan lines. From here, one can easily reach popular destinations such as Oxford Circus, King’s Cross St Pancras, and Canary Wharf. The station is also a short walk from Marylebone station which serves Chiltern Railways trains, providing direct links to destinations such as Birmingham, Oxford and Aylesbury.

Marylebone also has several bus routes passing through the area, providing access to other parts of London. The 18, 27, 30, 74 and 205 buses all stop at or near Baker Street, while the 453 bus stops at Marylebone Station.

For those travelling by car, Marylebone has several car parks and paid on-street parking. The neighbourhood is also within the London Congestion Charge zone, so drivers will need to pay a daily fee to drive in the area during certain hours.

Overall, Marylebone is a diverse area in London with a mix of flats and houses available, with 7,672 residential properties with 3,716 1 bedroom, 2,735 2 bedrooms and 1,221 3 bedrooms. The area has a higher proportion of properties for rent, at 56% compared to London’s average of 49%, and is well-connected to the rest of London by a variety of transportation options, making it easy for residents and visitors to get around. 

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