The Demographics of Earl’s Court’s Population

Earl’s Court has a rich history and plenty of interesting things to see and do. This area was named after the Earls of Oxford, who owned the land in the 16th century. The area was once known for hosting the Earl’s Court Exhibition Centre, which was a popular venue for concerts, exhibitions, and sporting events. Today, Earl’s Court is known for its charming residential streets, vibrant nightlife, and great transport links.

When considering investing in a buy-to-let property in Earl’s Court, it is essential to understand the population size, age, employment rate, education level, volume of renters versus homeowners, and crime rate of the area.

Population Size and Growth

Earl’s Court has a population of approximately 10,000 people, according to the most recent census data. This number has remained relatively stable in recent years, with a growth rate of just 1% between 2011 and 2018. This is slightly below the average growth rate for London boroughs, which was 6.2% over the same period.

Age of the Population

The average age of the population in Earl’s Court is 36 years old, which is  much younger than the national average of 45 years. This can be attributed to the fact that Earl’s Court has a high number of young professionals and students living in the area. There is a range of housing options, from shared accommodation to luxury flats, making it an attractive location for people in their 20s and 30s.

Employment Rate

The employment rate in Earl’s Court is relatively high, with approximately 80% of the population in employment. This is above the national average of 75%, and is likely due to the area’s proximity to the West End, where there are plenty of job opportunities in the hospitality, retail, and creative industries.

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Education Level and Student Population

Earl’s Court has a relatively high level of education, with around 60% of the population having a degree or higher. This is well above the national average of 38%. In addition to this, Earl’s Court has a large student population, with a number of universities located nearby. Imperial College London, one of the UK’s leading research institutions, has its main campus just a few minutes away in South Kensington. There are also a number of other universities in the area, including the Royal College of Art and the Royal College of Music.

The Volume of Renters Versus Homeowners

Earl’s Court has a higher proportion of rental properties than the London average, with approximately 58% of properties being rented, compared to the London average of 44%. This indicates high demand for rental properties in the area, making it an attractive proposition for buy-to-let investors. It’s important to consider the renting versus owner occupier rate when choosing a buy-to-let property, as this can impact rental yields and occupancy rates.

Crime Rate

Earl’s Court has a relatively low crime rate, with crime levels well below the national average. The Metropolitan Police Service has designated the area as a low crime neighbourhood, with crime levels falling year on year.

In conclusion, Earl’s Court is a vibrant area with a young population and a strong employment rate. The area is known for its high levels of education, with a large student population and excellent universities nearby. Earl’s Court has a high volume of renters, making it an attractive location for investors looking to enter the buy-to-let market. With low crime rates and a stable population growth rate, it is a wise investment choice for those looking to invest in property in West London.

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