The Demographics of Bexley’s Population

Bexley’s history dates back to Roman times, and the town has retained its charm through the centuries. Bexley is home to many interesting landmarks, including the Red House, Danson House, and the Lesnes Abbey ruins. With a growing population and an excellent location, Bexley has become an attractive option for property investors looking for a buy-to-let investment.

Population

Bexley’s population is currently estimated to be around 250,000 people, making it one of the larger boroughs in London. The borough has experienced steady population growth over the past few years, with an increase of around 4% since 2011. This growth is expected to continue in the coming years, with projections indicating that the population could reach 300,000 by 2030.

Bexley has a relatively young population, with the median age being 39 years old. This is slightly younger than the average age in the UK, which is 45 years old. The borough has a relatively high percentage of residents under the age of 18, with around 23% of the population falling into this age bracket. This makes Bexley an excellent location for families, as there is a good range of local amenities, schools, and recreational facilities.

Employment Rate

Bexley has an employment rate of around 78%, which is higher than the average for London and the UK. The borough has a diverse range of employment opportunities, with the healthcare, education, and retail sectors being the largest employers. The proximity of Bexley to central London means that residents can easily access job opportunities in the city, making it an attractive location for those who want to work in London but live in a more relaxed suburban setting.

Education

Bexley has a high proportion of residents with higher education qualifications, with around 38% of the population holding a degree or equivalent. The borough is home to over 30 primary schools, 20 secondary schools, and four special schools, providing a good range of educational opportunities for local families. There are also several colleges and training providers in the borough, including the Bexley College and the Rose Bruford College of Theatre and Performance. Additionally, the University of Greenwich has a campus in Avery Hill, which is just a short distance from Bexley.

Free Landlord Resources

Volume of Renters vs. Homeowners

The volume of renters versus homeowners is an important factor to consider when investing in a buy-to-let property. In Bexley, the percentage of homeowners is slightly above the national average, at 69.1% compared to 63.8%. However, there is still a significant demand for rental properties in the area, particularly for families and young professionals. This means that there is potential for strong rental yields and long-term capital growth for buy-to-let landlords.

Crime Rate

Bexley has a relatively low crime rate, with the borough being one of the safest areas in London. The rate of reported crime in the borough is around 56 crimes per 1,000 people, which is lower than the average for London and the UK. The borough has a strong community policing presence, with the local police force working closely with residents to prevent and tackle crime.

In conclusion, Bexley is an attractive option for property investors looking for a buy-to-let investment. With a growing population, a young and diverse community, a good range of educational opportunities, and a low crime rate, the borough offers an excellent quality of life for residents. The borough is well-served by primary and secondary schools, as well as higher education institutions, making it ideal for families. The high rate of homeownership and lower than average crime rate make it an attractive option for landlords. With a variety of amenities and excellent transport links, Bexley is an ideal location for those looking for a safe and affordable place to live.