Plaistow’s Housing Market and Transport links

As a landlord, Plaistow is an excellent location to consider for your next buy-to-let investment. With a thriving community and excellent transport links to central London, Plaistow is an attractive location for renters.

Residential Properties

In Plaistow, there is a diverse range of residential properties available, including 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. In comparison to the average in London, Plaistow offers a higher volume of 1 and 2 bedroom properties, making it an attractive option for single renters and couples. It’s important to consider the type and number of bedrooms when investing in a buy-to-let property, as it will determine the target market for your investment.

Renting vs Owner Occupier 

In Plaistow, the majority of housing stock is for rent, with a higher volume of rental properties compared to the average in London. It’s important to consider the renting vs occupier rate when choosing a buy-to-let location, as a higher rental demand will ensure a steady stream of potential tenants for your investment.

Average House Prices 

The average house price in Plaistow is significantly lower compared to the average in London. A one-bedroom house in Plaistow has an average price of £250,000, while a two-bedroom house has an average price of £300,000. For a three-bedroom house, the average price is around £350,000. These numbers are lower compared to the average in London, where a one-bedroom house has an average price of £500,000, a two-bedroom house has an average price of £700,000, and a three-bedroom house has an average price of £950,000.

Age of the Housing Stock 

The majority of the housing stock in Plaistow is relatively new, with a high number of new build properties available. This is an important consideration for landlords, as new build properties often come with modern amenities and require less maintenance, making them an attractive option for renters.

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Major Housing Development Projects 

Plaistow is home to several major housing development projects, including The Reach and The Hamlet. For more information on these projects, and to find out more about potential housing developments in Plaistow, visit the Newham Council website https://www.newham.gov.uk/. It’s important to consider potential housing developments when choosing a buy-to-let location, as it may impact the rental demand and potential return on investment for your property.

Transport Links

Plaistow is well connected to the rest of the city and beyond thanks to an extensive network of transport links. The area is serviced by the London Underground, with Plaistow Station on the District Line providing direct access to central London in less than 30 minutes. The station also offers convenient connections to Stratford, a major shopping and entertainment destination in East London.

In addition to the underground, Plaistow is served by several bus routes that provide links to surrounding areas, including Stratford, West Ham, and Canning Town. There are also many cycle lanes and paths in the area, making it easy for cyclists to get around.

For those travelling further afield, Plaistow is also within easy reach of London City Airport, which provides flights to destinations throughout Europe and beyond. The airport can be reached in just 30 minutes by DLR train from Stratford, making it a convenient option for those who need to travel for work or leisure.

Conclusion

Plaistow is well connected to the rest of London, offering residents and visitors alike convenient access to the city’s extensive transport network. Whether you’re travelling by underground, bus, bicycle, or plane, getting around from Plaistow is easy and convenient. The average house price in Plaistow for a 1 bedroom property is around £250,000, while a 2 bedroom property is approximately £325,000 and a 3 bedroom property is around £450,000. These prices are lower than the average in London, making Plaistow an affordable option for landlords looking to invest in the London property market.

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