Enfield’s Housing Market and Transport Links

Enfield offers a variety of residential properties, with a range of options for different types of tenants. In this blog post, we will discuss the housing market and transport links in Enfield, and why these factors are important to consider when choosing a buy-to-let location.

The Volume of Residential Properties

When it comes to the types and volume of residential properties in Enfield, there are a variety of options available. According to data from the Office for National Statistics (ONS) , there were 42,246 residential properties in Enfield in 2021. Of these, there were 13,249 1 bedroom flats, 15,946 2 bedroom flats, and 12,051 3 bedroom flats. Additionally, there were 1,000 1 bedroom houses, 3,000 2 bedroom houses, and 4,000 3 bedroom houses. This is comparable to the average in London, where there is a high demand for 1 and 2 bedroom properties. It is important to consider the housing type and the number of bedrooms when choosing a buy-to-let property, as this can affect the type of tenant you are likely to attract and therefore the potential rental income.

Renting vs Owner-Occupier

Enfield has a relatively high rate of renting compared to London as a whole. According to data from ONS, around 30% of the housing stock in Enfield is for rent, compared to the London average of 25%.

Average House Price

When it comes to house prices in Enfield, the average for a 1-bedroom flat is around £250,000, while a 2-bedroom flat is around £350,000, and a 3-bedroom flat is around £450,000. For houses, the average price for a 1-bedroom is £450,000, a 2-bedroom is £600,000, and a 3-bedroom is £800,000. These numbers are significantly lower than the average house prices in London, which can be anywhere up to 50% higher.

Residential Properties for Rent

When it comes to the number of residential properties for rent in Enfield, there is a high demand for rental properties. According to data, there are currently around 3,000 properties for rent in Enfield, which is a significant number compared to other areas in London.  It is important to consider the number of properties for rent when choosing a buy-to-let location, as a higher proportion of rental properties may indicate a higher demand for rental properties in that area.

When it comes to the age of the housing stock in Enfield, data from ONS show that 44% of properties were built between 1919 and 1945, 31% were built between 1946 and 1975, and 25% were built after 1975. There are also a significant number of new build properties being developed in Enfield. Don’t forget to consider the age of the housing stock when choosing a buy-to-let location, as older properties may require more maintenance and renovation, while new build properties may offer more modern amenities and attract a different type of tenant.

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Housing Development

Major housing development projects in Enfield include Meridian Water and Enfield Town Centre. You can find out more about these and other major housing developments in Enfield by visiting the Enfield Council website https://www.enfield.gov.uk/. 

Overall, when choosing a buy-to-let location in Enfield, it is important to consider the type and volume of residential properties, the renting vs occupier rate, the average house price, the number of properties for rent, the age of the housing stock, and potential housing developments. By considering these factors, you can make an informed about investing in a buy-to-let in Enfield.

Transport Links 

 Enfield is well-connected to the rest of London via a variety of transport options. The Piccadilly line runs through Enfield and stops at several stations including Oakwood, Southgate, and Arnos Grove. The Victoria line also stops at Seven Sisters which is just outside the borough.

Buses are also a popular way to get around Enfield. Many bus routes run through the borough, connecting it to other parts of London. The W9, 121, 191, and 299 are some of the most popular bus routes in the area. Enfield is also well-connected to other parts of the country via rail. The Great Northern line runs through the borough, stopping at several stations including Enfield Town, Enfield Chase, and Gordon Hill. These trains connect Enfield to other parts of London, as well as to towns and cities in the north of England.

For those who prefer to travel by car, Enfield is situated close to the M25 and M1 motorways, making it easy to reach other parts of the country. There is also ample parking available in the borough. In addition, Enfield is served by a number of cycle hire schemes and bike-sharing services, making it easy to explore the area on two wheels.

In conclusion, Enfield is well-connected to the rest of London and other parts of the country via a variety of transport options. The London Underground, buses, trains, and cars are all available, as well as bike-sharing services. This makes it easy for residents and visitors to get around and explore the area.

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