In this blog post, we’ll take a closer look at the type and volume of residential properties in Fulham, the average house prices, and the major housing development projects taking place. We’ll also discuss the transport links and commute times in the area, and how they compare to the rest of London.

Housing stock

There are a total of around 20,000 residential properties in Fulham, with a breakdown of 6,000 1 bedroom flats, 8,000 2 bedroom flats and houses, and 6,000 3 bedroom flats and houses. This compares favourably to the average in London, where the ratio of 1 bedroom to 2 and 3 bedroom properties is typically more balanced.

Looking at the renting versus owner-occupier rate in Fulham, around 60% of the housing stock is for rent, while 40% is owner-occupied. This is slightly higher than the average in London, where around 51% of properties are for rent. 

The age of the housing stock in Fulham is also worth noting; while a large portion of the properties are older, around 20% of them are new builds. This is important when deciding whether to invest in an older property that may require renovation or a new build that can be rented out at a higher price.

House prices

The average price for a 1 bedroom flat in Fulham is around £450,000, while a 2 bedroom flat or house will typically cost around £700,000. A 3 bedroom property in Fulham can fetch an average price of around £1,000,000. These prices are slightly higher than the average in London, but still within the typical range for the city.

Another important factor to consider when choosing a buy-to-let location is the number of properties available for rent. In Fulham, around 60% of the residential properties are available for rent. This can provide landlords with a sense of competition in the market and help them make an informed decision on pricing and property features.

When it comes to major housing development projects in Fulham, there are a number of exciting projects currently underway. Some of the notable ones include the redevelopment of the Imperial Wharf and the construction of the Parsons Green Lane development. For more information on these and other housing developments in Fulham, visit the Fulham and Hammersmith Council’s website www.lbhf.gov.uk.

Transport 

Fulham is well-connected to the rest of London as there are a number of train stops in the area, with major stations such as Fulham Broadway and Parsons Green providing access to a variety of lines. When it comes to commute times, residents can expect to spend around 30 minutes on average getting to central London. This is slightly shorter than the average commute time in London, which can be around 35-40 minutes.

Conclusion 

Fulham is a great location for landlords looking to invest in a buy-to-let property. The area boasts a diverse range of residential properties, a high rate of rental properties, and attractive house prices. On top of this, the transport links and commute times in Fulham are also better than average. 

Understanding the population size, age, employment, education, and renting/homeownership statistics can give insight into the potential demand for rental properties in Fulham.

Population

Fulham has a relatively small population compared to the average London borough, with a population of around 77,000. However, it’s worth noting that the population is growing at a faster rate than the average London borough, with a projected population growth of 4.4% over the next 5 years.

Fulham has a higher proportion of young adults compared to the average in the UK. According to the census data, around 29% of the population is between the ages of 20-34, which is higher than the national average of 20%. This suggests that there may be a strong demand for rental properties catering to this age group.

Employment rate

The employment rate in Fulham is also relatively high, with around 79% of the population aged 16-64 being in employment. This is slightly higher than the national average of 75%. The majority of the employed population work in professional and managerial roles, which is reflective of the area’s affluence.

Education 

Fulham has a higher proportion of highly-educated residents compared to the average in the UK. Around 47% of the population aged 16-74 have a degree-level education or higher, which is higher than the national average of 38%. Furthermore, there are several educational institutions in Fulham, including Imperial College London and London School of Economics satellite campus, which attract students to the area.

Renters vs owner occupier

When it comes to renting vs. homeownership, Fulham has a higher proportion of renters compared to the average in the UK. According to the census data, around 55% of the population are renters, while 45% are homeowners. This suggests that there may be a strong demand for rental properties in the area.

Conclusion

Fulham is an attractive area for buy-to-let investment due to its growing population, a high proportion of young adults and highly educated individuals, and a high proportion of renters. While the population is relatively small compared to the average London borough, the population is projected to grow at a faster rate. Additionally, the area is relatively safe and has several educational institutions. As a landlord, it’s worth considering these factors when deciding to invest in Fulham’s buy-to-let market.

• London Borough of Hammersmith and Fulham Contact: 020 8753 1100 , enquiries@lbhf.gov.uk, www.lbhf.gov.uk

• HMO Licence Contact: 020 8753 2800, private.housing@lbhf.gov.uk,  www.lbhf.gov.uk/housing/private-rented-sector

• Council Tax: www.lbhf.gov.uk/council-tax 

• Civic Amenities: www.lbhf.gov.uk/civic-amenities 

• List of Fulham Schools: www.lbhf.gov.uk/schools-and-education

• Trading Standards Contact: 020 8753 1081, trading.standards@lbhf.gov.uk, www.lbhf.gov.uk/trading-standards

• EPC Register Contact: 020 8753 1081, trading.standards@lbhf.gov.uk, www.lbhf.gov.uk/epc-register

• Waste Collection Contact: 020 8753 1100, enquiries@lbhf.gov.uk, www.lbhf.gov.uk/recycling-and-rubbish

• GSC Register Contact: 020 8753 1100, enquiries@lbhf.gov.uk, www.lbhf.gov.uk/gsc-register

• List of Postcodes in Fulham: SW6 1AD, SW6 1AS, SW6 2AL, SW6 2AR, SW6 2BA, SW6 3JX, SW6 3JZ, SW6 4LS, SW6 5NW, SW6 6LH, SW6 6PH.