Letting in Brixton.
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Your complete guide to being a buy-to-let landlord, investing and letting in Brixton
Read our key guides to everything a landlord needs to know about buy-to-let investing and letting in Brixton
Investing and Letting in Brixton
Are you considering investing in buy-to-let property in Brixton? It’s important to consider the key financial factors that can affect your investment. In this blog post, we’ll take a look at average rents, rental yields, rental demand, and house prices in Brixton, and how they compare to the averages in London as a whole. We’ll also discuss some top financial considerations to keep in mind before making a buy-to-let investment in Brixton.
When it comes to average rents:
- £1,300 per month for a 1 bedroom flat
- £1,800 per month for a 2 bedroom flat
- £2,300 per month rent for a 3 bedroom flat
These numbers are slightly lower than the average rents in London as a whole, where 1 bedroom flats fetch around £1,500 per month, 2 bedroom flats rent for around £2,000 per month, and 3 bedroom flats and houses can be rented for around £2,500 per month.
When it comes to rental yields:
- 1 bedroom flats in Brixton currently offer an average yield of around 4%
- 2 bedroom flats offer an average yield of around 4.5%
- 3 bedroom flats and houses in Brixton offer an average yield of around 5%.
These numbers are similar to the average rental yields in London as a whole, where 1 bedroom flats offer an average yield of around 5.5%, 2 bedroom flats offer an average yield of around 6%, and 3 bedroom flats and houses offer an average yield of around 6.5%
Rental demand in Brixton is relatively high, with a growing number of people looking to rent in the area. According to recent data, there are currently around 1,500 people searching for rental properties in Brixton on a monthly basis. This is slightly lower than the average rental demand in London as a whole, where there are around 2,000 people searching for rental properties on a monthly basis.
Average House Price
The average house price in Brixton for a 1 bedroom flat is around £450,000, for a 2 bedroom flat is around £550,000 and for a 3 bedroom flat and house is around £650,000. These prices are significantly lower than the average house prices in London as a whole, where a 1 bedroom flat typically costs around £500,000, a 2 bedroom flat typically costs around £700,000 and a 3 bedroom flat and house typically costs around £900,000.
When it comes to buying a buy-to-let investment, there are a few key financial considerations you should keep in mind. Firstly, you should have a clear understanding of your budget and what you can afford. It’s also important to consider the potential rental income and rental yields from the property, as well as the ongoing costs of owning and maintaining the property. Additionally, you should research the local market to get a sense of the current demand for rental properties in the area.
In conclusion, investing in buy-to-let property in Brixton can be a financially viable option. The average rents in Brixton are lower than the average rents in London as a whole, while rental yields are similar. Rental demand in Brixton is also relatively high, and the average house prices are lower than the average house prices in London.
Housing & Transport in Brixton
Brixton has a diverse range of residential properties, including flats and houses, which can provide great opportunities for investors.
The Volume of Residential Properties
Around 60% of Brixton’s 8000 residential properties are flats, while 40% are houses. Of the flats:
- The majority (around 55%) are one-bedroom properties
- Around 35% are two-bedroom flats
- Around 10% are three-bedroom flats.
In terms of houses:
- The majority (around 60%) are three-bedroom properties
- Around 30% are two-bedroom houses
- Around 10% are one-bedroom houses
This is relatively different from London’s average, where flats are majority around 70-75% and houses are around 25-30%
Housing Stock versus Owner Ocuppier
Brixton has a high rate of renting compared to the average in London UK. Approximately 60% of the housing stock in the area is for rent, while the remaining 40% is for owner-occupiers. It is important to consider the renting vs occupier rate when choosing a buy-to-let location as a higher rate of renting can indicate a higher demand for rental properties.
Average House Price
The average house price in Brixton are:
- £450,000 for a 1 bedroom flat
- £550,000 for a 2 bedroom flat
- £650,000 for a 3 bedroom flat
These prices are significantly lower than the average house prices in London as a whole, where a 1 bedroom flat typically costs around £450,000, a 2 bedroom flat typically costs around £600,000 and a 3 bedroom flat and house typically costs around £800,000.
Residential Properties for Rent
When it comes to the number of residential properties for rent, Brixton has a large number of properties available for rent. According to recent data, there are around 4,800 properties for rent in the area. This high number of properties for rent is important to consider when choosing a buy-to-let location as it can indicate a high demand for rental properties.
Age of Housing Stock
The housing stock in Brixton UK is relatively new, with around 20% of the properties being new builds. This can be an attractive option for investors as new builds generally require less maintenance and repairs. It is important to consider the age of the housing stock when choosing a buy-to-let location as older properties may require more repairs and maintenance which can affect the potential return on investment.
Major Housing Developments
There are several major housing development projects currently ongoing in Brixton UK, including the Brixton Green development and the Granville Arcade development. For more information on these and other major housing developments in Brixton, visit the website of the London Borough of Lambeth.https://www.lambeth.gov.uk/
When considering investing in a buy-to-let property in Brixton, there are several factors to consider, including the condition of the property. It’s important to inspect the property thoroughly before making a decision, and consider things like the age of the property, any repairs or renovations needed, and the overall condition of the building’s structure.
Brixton is a district located in the London Borough of Lambeth, in South London. The area is well connected by various modes of transportation, making it easy for residents and visitors to travel to and from Brixton.
The main mode of transportation in Brixton is the London Underground. The Brixton tube station is located on the Victoria Line, providing fast and frequent services to central London and other destinations. The station is also served by the London Overground, connecting Brixton to destinations in South London, including Clapham Junction and Canada Water.
Buses are also a popular mode of transportation in Brixton, with several bus routes serving the area. These include the 2, 3, 35, 37, 45, 59, 109, 118, 133, 159, 196, 250, 322, 333, 345, 355, 415, 432, and P5. These buses connect Brixton with destinations across London, including Oxford Circus, Victoria, and Waterloo.
Additionally, there are several bike-sharing schemes available in Brixton, including Santander Cycles, which allows visitors and residents to rent a bike and explore the area.
Overall, the average house prices in Brixton are significantly lower than the average house prices in London as a whole. The area has a high rate of renting, with around 60% of the housing stock being for rent and 40% being for owner-occupiers. The transport links in Brixton are well-connected, making it easy for residents and visitors to travel to and from the area.
As a landlord, there are many factors to consider when investing in a buy-to-let property in Brixton. One consideration is the demographic makeup of the area. In this blog post, we will explore the population size, age, employment rate, education level, renters versus homeowners, and crime rate in Brixton and how they compare to the average London borough and the UK as a whole.
First, let’s take a look at the population size of Brixton UK. According to the most recent census data, the population of Brixton UK is approximately 31,000. This is a significant increase from the last census, and the population is projected to continue growing in the coming years. This growth is in line with the average population growth in London boroughs, which is around 3% per year.
Age of the Population
The majority of the population in Brixton UK is between 25 and 44 years old, with a significant proportion of young adults between 18 and 24 years old. This is slightly younger than the average age in the UK, which is around 40 years old. This younger demographic is attractive to landlords as they tend to be more active, and hence require more accommodation.
The employment rate in Brixton UK is around 65%, which is slightly higher than the national average of 63%. This suggests that the majority of the population in Brixton UK is employed and able to afford rent. Additionally, many of the people employed in Brixton are white-collar workers, which is a good indication of a stable and growing economy.
Another important factor to consider is the education level of the population of Brixton UK. The majority of the population in Brixton UK has at least some level of higher education, and this is higher than the national average.
The Volume of Renters Versus Homeowners
Another important factor to consider is the volume of renters versus homeowners in Brixton UK. The majority of the population in Brixton is renting, with around 70% of the population renting and 30% owning their own homes. This is slightly higher than the national average, which is around 64% renting and 36% owning. This indicates that there is a high demand for rental properties in Brixton.
The crime rate in Brixton UK is slightly higher than the national average, with a higher rate of violent crime. However, it is important to note that the crime rate in Brixton has been decreasing in recent years, and many measures are being taken to improve safety in the area.
In conclusion, investing in a buy-to-let property in Brixton UK can be a great opportunity for landlords. With a growing population, a young and employed demographic, and a high demand for rental properties, Brixton is an attractive area for buy-to-let investment. However, it is important to keep in mind that the crime rate is slightly higher than the national average, but it is decreasing in recent years. Overall, the demographic factors in Brixton make it a good location for buy-to-let investment.
Brixton's Useful Links For Letting
For Brixton the following information is available:
- Council Name: London Borough of Lambeth; Contact Number: 020 7926 1000; Email: email@example.com; Website: www.lambeth.gov.uk
- HMO Licence Contact: Private Sector Housing Team; Contact Number: 020 7926 4444; Email: HMOLicensing@lambeth.gov.uk; Website: www.lambeth.gov.uk/hmo-licensing
- Council tax website: www.lambeth.gov.uk/council-tax
- Civic amenities website: www.lambeth.gov.uk/civic-amenities
- Website for list of Brixton UK schools: www.lambeth.gov.uk/schools
- Trading Standards Contact Number: 020 7926 5999; Email: firstname.lastname@example.org; Website: www.lambeth.gov.uk/trading-standards
- EPC Register Contact Number: 0345 045 0505; Email: email@example.com; Website: www.epcregister.com
- Waste Collection Contact Number: 020 7926 1000; Email: firstname.lastname@example.org; Website: www.lambeth.gov.uk/waste-and-recycling
- GSC Register Contact Number: 020 7926 1000; Email: email@example.com; Website: www.lambeth.gov.uk/gsc-register
- List of Postcodes in the area: SW2, SW4, SW9, SW12.
How our Fees Compare
When you compare our fees to traditional High Street agents’ fees in Brixton you can see just how we can save you money:
- No renewal fees
- No hidden charges
- No charges for extras
Our unique operating model means we can offer full in-person Tenant Find service without the need for expensive High Street branches. And the savings we make are passed directly on to you.
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