The Demographics of Bloomsbury’s Population

Bloomsbury is a historic area located in the heart of London, known for its literary connections, world-renowned museums, and picturesque squares. With its central location, Bloomsbury has long been a popular place to live and work, attracting people from all walks of life. If you are considering investing in a buy-to-let property in Bloomsbury, it is important to consider the area’s population size, age, employment and education rates, as well as the volume of renters versus homeowners and crime rate.

Population 

Bloomsbury is a relatively small neighbourhood, with a population of approximately 16,000 people. However, this figure has been steadily increasing in recent years due to the area’s popularity and ongoing development. Bloomsbury’s population increased by 9% over the previous decade. This growth is in line with the wider trend in London, where the population has been growing rapidly. Bloomsbury’s population growth is expected to continue as new developments, such as the regeneration of Tottenham Court Road, attract more people to the area.

The population of Bloomsbury is diverse in terms of age, but the area is particularly popular with young professionals and students. The average age of Bloomsbury’s residents is 36, which is younger than the UK average of 40. This is due to the high number of students who live in the area, as well as the popularity of Bloomsbury with young professionals who work in the nearby financial district. The area’s young and vibrant population makes it an attractive location for landlords who are looking to rent to this demographic.

Employment Rate

Bloomsbury has a relatively high employment rate compared to the UK average, which is likely due to the area’s proximity to the financial district and its many job opportunities. Bloomsbury is also home to a number of universities, which provide employment for academics and support staff. With a high employment rate, landlords can be confident that their tenants will be able to pay their rent consistently.

Education Level

Bloomsbury has several nearby prestigious universities, including University College London and the School of Oriental and African Studies. As a result, the area has a high proportion of residents with a degree or higher education. According to recent data, 62% of Bloomsbury’s residents hold a degree or higher, compared to the UK average of 38%. The high number of students in the area means that there is a steady demand for rental accommodation, particularly during term time.

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Volume of Renters vs. Homeowners

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.

Crime Rate

Bloomsbury has a relatively low crime rate compared to the UK average. According to police.uk, there were 1,862 reported crimes in Bloomsbury in the year ending January 2022. This is equivalent to a crime rate of 114 crimes per 1,000 people, which is lower than the UK average of 126 crimes per 1,000 people.

In conclusion, Bloomsbury is an attractive place to invest in a buy-to-let property due to its central location and diverse population. The area’s population has been steadily increasing over the past decade, and is particularly popular with young professionals and students. The employment rate is higher than the UK average, and the area is also home to a number of prestigious universities. Furthermore, there is a high proportion of renters compared to homeowners, and Bloomsbury has a relatively low crime rate, which makes this neighbourhood a great option for both renters and investors alike. 

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