Shoreditch’s Housing Market and Transport links

With its trendy atmosphere and proximity to London’s major business districts, it’s no surprise that Shoreditch has become a popular destination for renters. But what can you expect from the housing market and transport links in this area?Housing stock

Shoreditch offers a diverse mix of residential properties; there are a total of 37,000 properties in the area, with the majority being flats. Specifically, there are 18,000 1 bedroom flats, 10,000 2 bedroom flats, and 5,000 3 bedroom flats, in addition to 4,000 houses. This is slightly higher than the average for London as a whole, where flats make up around 80% of the housing stock. The type and number of bedrooms is worth noting when investing in a buy-to-let property, as this can impact the rental demand and potential return on investment.

The housing stock in Shoreditch is relatively new, with around 20% of properties being new builds, which is slightly higher than the average for London as a whole. Around 70% of the housing stock in Shoreditch is for rent, while 30% is owner occupied. This is slightly higher than the average for London, where around 49% of properties are for rent. A high renting versus occupier rate can indicate a higher demand for rental properties.

The average house price for a 1 bedroom flat in Shoreditch is around £500,000, for a 2 bedroom flat is around £700,000 and for a 3 bedroom flat is around £950,000. These prices are slightly higher than the average for London as a whole. 

There are several major housing development projects currently underway in Shoreditch which can impact the rental demand and potential return on investment, including the Bishopsgate Goodsyard and the Whitechapel Vision. You can find more information about these and other projects on the Shoreditch Development website.

Free Landlord Resources

Transport

Shoreditch offers excellent connectivity to the rest of London. The area is served by several train stops, including Shoreditch High Street and Liverpool Street Station. These stations provide access to the London Overground, National Rail, and the Central and Hammersmith & City lines. This is slightly better than the average for London as a whole in terms of transport options and connectivity.

Commute times in Shoreditch are relatively short, with the average journey to central London taking around 10 minutes by train. This is slightly faster than the average commute time for London as a whole.

Conclusion 

Shoreditch is a popular destination for renters due to its trendy atmosphere and proximity to London’s major business districts. The housing market in the area offers a diverse mix of residential properties, with the majority being flats, and relatively new housing stock. Transport links in the area are excellent, with several train stops providing access to various lines and a relatively short commute time to central London. Currently, there are several major housing development projects underway in Shoreditch, which can impact the rental demand and potential return on investment.

Free Landlord Resources