Bloomsbury’s Housing Market and Transport Links

As a landlord, you want to ensure that you choose a location that will attract tenants and provide them with easy access to transportation. In this blog post, we will discuss the buy-to-let housing stock and transport links in Bloomsbury, including the type and volume of residential properties, the renting vs owner-occupier rate, the average house price, the age of the housing stock, train and bus links, commute times, and bike and car sharing schemes.

Housing stock

The overall volume of residential properties in Bloomsbury is significant, with a mix of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. It’s important to consider the housing type and the number of bedrooms when investing in a buy-to-let property, as this will impact the target tenant demographic and rental price point. 

The age of the housing stock in Bloomsbury varies, with a mix of old and new properties. There are a significant number of new build properties available, making it an attractive location for potential tenants. When choosing a buy-to-let location, it’s important to consider the age of the housing stock, as newer properties tend to require less maintenance and offer modern amenities.

Bloomsbury has a relatively high proportion of renters compared to homeowners. According to recent data, 67% of the area’s housing is rented, compared to the UK average of 49%. This is likely due to the high number of students in the area, many of whom choose to rent rather than buy. However, the popularity of Bloomsbury with young professionals also means that there is a strong demand for rental accommodation from this demographic. As a landlord, this means that you are likely to find tenants quickly and easily.

House prices 

The average house price for a 1 bedroom flat is £572,500, a 2 bedroom flat is £1,100,000, a 3 bedroom flat is £1,510,000, and a 3 bedroom house is £2,810,000. When compared to the average in London, Bloomsbury’s average house price is higher due to its prime central location. It’s important to consider the average house price when investing in a buy-to-let property as this will impact the rental income you can expect to receive.

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Transport 

In terms of transport links, Bloomsbury is well-connected to the rest of London. The train links are excellent, with several train stops including King’s Cross and St Pancras International, which provide access to several major lines such as the Northern, Victoria, Piccadilly, Circle, Hammersmith & City, and Metropolitan lines. The bus links are also good, with many bus routes running through Bloomsbury, providing easy access to various parts of London. The commute times in Bloomsbury compare favourably to the London average, since its central location provides excellent access to the rest of the city via public transport.

There are several bike and car sharing schemes available in Bloomsbury, such as Santander Cycles and Zipcar, making it easy for residents and visitors to get around the city. There are also several bike lanes in Bloomsbury, providing a safe and convenient way to cycle around the area.

In conclusion, Bloomsbury is an excellent location for a buy-to-let property due to its high proportion of renters, its variety of housing stock, the excellent transport links, and its competitive house prices. It is well-connected to the rest of London and offers easy access to various parts of the city via public transport and bike/car sharing schemes. Additionally, the average house prices in Bloomsbury are higher than the London average, providing potential landlords with the opportunity to generate a higher rental income.

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