The state of the housing market in Harrow
As a potential landlord, the buy-to-let market in Harrow, UK is one that is worth considering. Harrow is a diverse and vibrant area that offers a range of housing options, making it a great location to invest in a buy-to-let property.
When considering the type and volume of residential properties in Harrow, it’s important to take note of the variety of options available. In Harrow, there are a high volume of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. This is in line with the average in the UK, making Harrow a great location for those looking for a property with a specific number of bedrooms.
When it comes to the mix of rental and owner-occupier properties in Harrow, it’s important to note that there is a relatively high rate of rental properties available. In fact, around 43% of the housing stock in Harrow is available for rent, compared to the UK average of 33%. This means that there is a high demand for rental properties in the area, making it a great location for buy-to-let landlords.
When it comes to average house prices, Harrow offers relatively affordable options for those looking for a 1 bedroom, 2 bedroom, or 3 bedroom flat or house. The average price for a 1 bedroom property is around £245,000, while the average price for a 2 bedroom property is around £325,000 and the average price for a 3 bedroom property is around £450,000. These prices are slightly lower compared to the UK average which may make Harrow a good place to consider for investment.
In terms of the available rental properties, there are around 6,000 properties for rent in Harrow. This high number of properties for rent can make it a great location for buy-to-let landlords looking for a property to rent out.
When it comes to the age of the housing stock in Harrow, it’s worth noting that there are relatively few new build properties available. However, the area has plenty of large scale housing development projects such as: Harrow View West, Harrow town centre redevelopment, Harrow Gate. You can find more information on these projects by visiting the Harrow Council’s website.
When considering the condition of a potential buy-to-let property in Harrow, it’s important to take note of factors such as the age of the property, as well as any potential for repairs or renovations that may be necessary. Some key things to consider include checking for structural issues, such as damp or any problem with the roof and also checking the overall state of the property such as the condition of the walls, windows and the flooring.
In conclusion, the buy-to-let market in Harrow offers a range of options for landlords, with a high volume of 1, 2, and 3 bedroom flats and houses available, as well as a high rate of rental properties in the area. The relatively affordable average house prices and the large scale housing development projects in the area make Harrow an attractive location to consider for a buy-to-let investment. Keep in mind the key factors in the condition of the property, as well as the number of residential properties for rent in the area.
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Summary
Harrow offers a range of housing options, making it a great location to invest in a buy-to-let property. The area has a high volume of 1, 2, and 3 bedroom flats and houses, and a relatively high rate of rental properties available. The area’s relatively affordable average house prices and large scale housing development projects make it an attractive location to consider for a buy-to-let……. investment. Keep in mind the key factors in the condition of the property and number of residential properties for rent in the area.
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