Hammersmith’s Housing Market and Transport links

The housing market in Hammersmith is a prime location for buy-to-let investments. With a diverse range of residential properties and strong transport links, landlords can enjoy a steady stream of tenants and potential for capital growth.

Housing stock

In terms of housing stock, Hammersmith has a good mix of 1, 2, and 3 bedroom flats and houses – many being new builds – with a higher volume of 1 and 2 bedroom properties compared to the London average. There is also a higher proportion of rental properties compared to the London average, meaning there is a strong demand for rental properties in the area, making it a desirable location for landlords. The volume of properties & level of demand are important since they can affect the potential rental income and stability of tenants.

The average house price for a 1 bedroom house in Hammersmith is currently around £450,000, while the average house price for a 2 bedroom house is around £600,000, and the average house price for a 3 bedroom house is around £800,000. These numbers are slightly lower than the London average, where the average house price for a 1 bedroom house is around £500,000, and the average house price for a 2 bedroom house is around £700,000, and the average house price for a 3 bedroom house is around £950,000. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.

Housing developments 

There are several major housing development projects in Hammersmith, including the King Street Quarter and the Hammersmith Embankment. These developments will bring new properties to the area and can potentially increase the demand for rental properties. More information on housing developments in the area can be found here. https://www.lbhf.gov.uk/planning/regeneration-transforming-our-borough/hammersmith-regeneration-area

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Transport 

Hammersmith is well connected to the rest of London. There are several train stops in the area, including Hammersmith and Barons Court, which are serviced by multiple lines. This makes it easy for tenants to commute to and from the area. The average commute time in Hammersmith is around 30 minutes, which is slightly shorter than the London average of 35 minutes. This makes it a desirable location for tenants who want to have a shorter commute. It is important to consider the commute times & transport connections, as this can affect the potential rental income and demand for rental properties.

Conclusion

Hammersmith is a prime location for buy-to-let investments due to its diverse range of residential properties, strong transport links, and high demand for rental properties. There are several major housing development projects in the works, which will bring new properties to the area and increase the demand for rental properties. The area’s transport connections make it easy for tenants to commute to and from the area, with an average commute time that is slightly shorter than the London average. Overall, Hammersmith’s housing market offers landlords the potential for capital growth and a steady stream of tenants.

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