Harringay’s Housing Market and Transport Links

Harringay is a diverse and vibrant area that has seen a surge in popularity in recent years. With its excellent transport links and range of properties available, it is definitely worth considering as a potential location for your investment.

Residential Properties in Harringay

Harringay offers a range of residential properties to suit a variety of needs. The total volume of properties in Harringay is approximately 18,500, with 35% being flats and 65% being houses. In terms of bedroom types, 1 bedroom flats account for 17% of the total, 2 bedroom flats for 33%, and 3 bedroom flats for 8%. Houses with 1, 2, and 3 bedrooms make up 8%, 26%, and 8% respectively. Compared to the London average, Harringay has a higher percentage of 2 bedroom flats and a lower percentage of 1 bedroom flats.

Renting vs. Owner Occupier Rates in Harringay

The rental market in Harringay is strong, with approximately 55% of properties being rented and 45% being owner-occupied. This compares to the London average of 49% rented and 51% owner-occupied. The high proportion of renters in Harringay may be due to its popularity among young professionals and students, who prefer the flexibility of renting over buying. When considering a buy-to-let property, it is important to consider the rental demand in the area and the potential rental yield.

Average House Prices in Harringay

The average price for a 1 bedroom flat is £310,000, a 2 bedroom flat is £435,000, a 3 bedroom flat is £535,000, a 2 bedroom house is £575,000, and a 3 bedroom house is £690,000. These prices are much lower than the London average, although Harringay offers more affordable options for those looking to invest in the city. 

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Age of Housing Stock in Harringay

Harringay has a mix of old and new properties, with a range of architectural styles. The average age of properties in Harringay is around 70 years old, with some newer developments in the area. As of 2021, there are around 300 new build properties in Harringay. When choosing a buy-to-let property, it is important to consider the age and condition of the property, as this can affect maintenance costs and the rental appeal of the property.

Major Housing Development Projects in Harringay

Harringay is undergoing a period of regeneration, with several major housing development projects underway. These include the Woodberry Down and Clarendon developments, which will provide new homes and amenities for the area. It is important to consider potential housing development when choosing a buy-to-let property, as this can affect the future rental demand and potential capital growth of the area. To find out more about major housing developments in Harringay, visit the Haringey Council website https://www.haringey.gov.uk/. 

Transport Links

Harringay has three railway stations, including Harringay, Harringay Green Lanes, and Hornsey. These stations are all served by the Great Northern railway line, providing easy access to central London and beyond.

Additionally, there are several bus routes that serve Harringay, providing convenient connections to neighbouring areas. The main bus routes include the 29, 141, 341, and W3. These routes provide easy access to places such as Wood Green, Tottenham, and Finsbury Park.

For those who prefer to cycle, Harringay has good cycling infrastructure, with dedicated cycle lanes and bike racks located throughout the area. The area also benefits from being located near the A503 and A10 roads, providing easy access to the rest of London by car.

In conclusion, the rental market in Harringay is strong, with a high renter rate.The transport links in Harringay are comprehensive and reliable, making it an ideal place to live or work for those who value good connectivity to the rest of the city.

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