East Finchley’s Housing Market and Transport Links

As a  landlord, investing in buy-to-let properties in East Finchley is a wise choice. The area has a thriving housing market with a range of residential properties to suit different needs and budgets. Let’s take a closer look at what East Finchley has to offer.

Housing stock

East Finchley has a diverse range of residential properties, including 1, 2, and 3 bedroom flats and houses. In comparison to the average in London, East Finchley has a higher volume of 1 and 2 bedroom flats, making it an ideal location for singles and couples. The number of 3 bedroom houses in East Finchley is also above average, making it a great option for families. 

Around 55% of the housing stock is for rent, compared to the average of 35% in London. This higher percentage of rented properties makes East Finchley an attractive option for potential landlords as it provides a larger pool of potential tenants.

The majority of the housing stock in East Finchley is made up of properties built between 1930 and 1980. There are also a growing number of new build properties, which make up around 10% of the housing stock. When choosing a buy-to-let location, it’s important to consider the age of the housing stock as new build properties often have lower maintenance costs and can attract a higher rental price.

Average House Prices

The average house price in East Finchley varies depending on the type and number of bedrooms. 1 bedroom flats have an average price of £350,000, 2 bedroom flats average £450,000 and 3 bedroom houses average £650,000. These prices are much lower than the average in London, which are around £500,000, £700,000, and £950,000, respectively.

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Transport 

East Finchley has excellent train links, with East Finchley station on the Northern Line providing quick and frequent access to central London. Other big stations in the area include Finchley Central and Mill Hill East, which service the Northern Line and Thameslink respectively. On average, East Finchley has more train stops and better connectivity compared to the average in London.

There are also good bus links, with several bus routes connecting the area to central London and other parts of the city. Bus services are frequent and reliable, providing tenants with alternative transport options. East Finchley’s bus links are on par with the average in London, making it a convenient location for tenants who rely on public transport.

The average commute time from East Finchley to central London is around 25 minutes, which is slightly shorter compared to the average in London. With good train and bus links, tenants can expect a quick and efficient journey to and from work.

In conclusion, East Finchley is a wise investment option for potential landlords. The area offers a diverse range of residential properties, including a higher volume of 1 and 2 bedroom flats, and above average 3 bedroom houses. Around 55% of the housing stock is for rent, providing a larger pool of potential tenants. The average house prices are lower than the average in London, with good train and bus links, and an average commute time of 25 minutes. With its well-established housing market, East Finchley is an attractive location for those looking to invest in a buy-to-let property.

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