The Housing Market and Transport Links in Harrow

Harrow offers a diverse range of residential properties, with a good mix of flat and houses. However, the majority of properties in the area are flats, with a high number of 1 and 2 bedrooms. However, there are slightly fewer 3 bedroom properties available in Harrow compared to the UK average. This information is important to consider when determining the potential rental demand for different property types and sizes.

Rent vs Owner Occupier

In terms of the proportion of housing stock that is for rent versus owner occupier, Harrow has a relatively high rate of rented properties compared to the national average. Approximately 50% of properties in Harrow are currently being rented out, with the remaining 50% being owner-occupied. 

House Price

On average, a 1 bedroom flat in Harrow will cost around £250,000, while a 2 bedroom flat will cost around £350,000. A 3 bedroom house in Harrow will cost around £450,000 on average, which is slightly higher than the national average.

Houses Available for Rent

Currently, there are approximately 5000 properties available for rent in Harrow, which is a relatively high number compared to other areas in the UK. This high level of rental properties available in the area, suggest a good demand for rental properties.

Housing Stock

In terms of the age of the housing stock in Harrow, there are a relatively high number of new build properties in the area. Approximately 20% of properties in Harrow are new builds, which can be a positive factor for landlords as these properties may require less maintenance and repairs.

Housing Developments

There are several major housing development projects currently underway in Harrow, including the Harrow Wealdstone Regeneration Project and the Harrow Gateway Development. For more information on these and other housing developments in Harrow, you can visit the Harrow Council website https://www.harrow.gov.uk/planning-developments. 

When it comes to the condition of a property, it is important to consider factors such as the overall condition of the property, the age of the property, and any potential repairs or renovations that may be required. It is important to thoroughly inspect a property before investing in a buy-to-let property to ensure that it is in good condition and that any repairs or renovations needed are factored into the overall cost of the investment.

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Transport Links

Harrow is a suburban area located in northwest London, England. It is well connected by various modes of transportation, making it easy for residents and visitors to move around the area and beyond.

The London Underground is the primary mode of transportation in Harrow, with several stations located in the area, including Harrow-on-the-Hill, Harrow & Wealdstone, and West Harrow. These stations provide quick and easy access to the rest of London, with trains running regularly on the Bakerloo, London Overground, and Metropolitan lines. In addition to the Underground, Harrow is also well served by bus routes. The area is served by several bus routes that connect Harrow to other parts of London and the surrounding areas. These routes are operated by Transport for London (TfL) and other private operators.

Harrow is also served by the National Rail service, with Harrow & Wealdstone and West Harrow stations providing connections to other parts of the country, including Birmingham and Manchester. Cycling and walking are also popular in Harrow, with several dedicated cycle lanes and footpaths throughout the area. The area is also relatively flat, making it easy for cyclists and pedestrians to get around. Overall, Harrow has an excellent transport infrastructure, with multiple options for getting around the area and beyond. Whether you prefer to travel by train, bus, bike, or on foot, you’ll find that Harrow is well connected and easy to navigate.

In conclusion, Harrow is a diverse and promising location for buy-to-let properties, with a high number of rented properties, and a good mix of flat and house types. The age of the housing stock, the number of new build properties, and the location’s proximity to major housing developments are also key factors to consider when assessing the potential return on investment.

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