The demographics of Hammersmith’s population

Hammersmith has a rich history dating back to the Roman era, and was a major industrial area during the Victorian era. Today, it is a vibrant and diverse area known for its excellent transport links, diverse range of shops, restaurants and bars, and the famous Hammersmith Apollo theatre.

Population

Hammersmith currently has around 82,000 residents and has been growing steadily in recent years, with an estimated increase of around 2% per year. This is the same as the average growth rate for a London borough, which is around 2%. This indicates a strong demand for housing in the area, making it an attractive location for buy-to-let investors.

The population of Hammersmith is relatively young, with a median age of 34. This is lower than the London average of 45, and is likely due to the large number of students and young professionals in the area. This means that there is a high demand for rental properties catering to this demographic, such as studios and one-bedroom apartments.

The volume of renters versus homeowners in Hammersmith is also an important factor to consider. Around 60% of the population in Hammersmith are renters, which is slightly higher than the national average of around 49%. This suggests there is a strong demand for rental properties in the area, making it an attractive location for buy-to-let investors.

Free Landlord Resources

Employment rate & education level

The employment rate in Hammersmith is also high, with around 70% of the population in employment. This is slightly lower than the national average of around 75%, indicating that there is a strong demand for rental properties from working professionals.

The education level of the population in Hammersmith is also high, with a significant proportion of the population having a degree or higher. This is partly due to the presence of several universities in the area, including Imperial College London and the University of West London. The number of students in the area is also high, which is another factor that contributes to the high demand for rental properties.

Crime rate

The crime rate in Hammersmith is relatively low, with a crime rate of around 50 per 1000 population. This makes Hammersmith a safe and secure location for tenants, and an attractive location for buy-to-let investors.

Conclusion

Hammersmith is a vibrant and diverse area in West London, with a rich history and excellent transport links. The population is growing, young and highly educated, with a high employment rate and a high demand for rental properties. The number of renters is high and crime rate is low, making it an attractive location for buy-to-let investors. With all these factors in mind, Hammersmith can be a great place to invest in a buy-to-let property.

Free Landlord Resources