nvesting in buy-to-let property in Hammersmith can be a great way to grow your wealth, but it’s important to consider the key financial factors that will affect your investment. In this blog post, we will take a look at the average rents, rental yield, rental demand, and house prices in Hammersmith and compare them to the averages in London.

Average Rents

The average rent for a 1 bedroom flat in Hammersmith is currently around £1,800 per month, while the average rent for a 2 bedroom flat is around £2,400 per month, and the average rent for a 3 bedroom flat is around £3,000 per month. These numbers are slightly higher than the London average, where the average rent for a 1 bedroom flat is around £1,500 per month, and the average rent for a 2 bedroom flat is around £2,000 per month, and the average rent for a 3 bedroom flat is around £2,500 per month.

Rental Yield

The average rental yield for a 1 bedroom flat in Hammersmith is currently around 3.5%, while the average rental yield for a 2 bedroom flat is around 4%, and the average rental yield for a 3 bedroom flat is around 4.5%. While this is lower than the London average of 5.5-6.5%, the area still has interesting potential for investment due to high rental demand.

Rental Demand

When it comes to rental demand, the numbers are relatively high, as around 60% of the population in Hammersmith are renters, which is slightly higher than the national average of 49%. This suggests there is a strong demand for rental properties in the area, making it an attractive location for buy-to-let investors.

House Prices

The average house price for a 1 bedroom house in Hammersmith is currently around £450,000, while the average house price for a 2 bedroom house is around £600,000, and the average house price for a 3 bedroom house is around £800,000. These numbers are slightly lower than the London average, where the average house price for a 1 bedroom house is around £500,000, and the average house price for a 2 bedroom house is around £700,000, and the average house price for a 3 bedroom house is around £950,000. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.

Conclusion 

Investing in buy-to-let property in Hammersmith can be a great way to grow your wealth, but it’s important to consider the key financial factors that will affect your investment. The average rents, rental yield, rental demand, and house prices in Hammersmith are slightly higher than the averages in London, but the rental yield and rental demand in Hammersmith are also higher.

The housing market in Hammersmith is a prime location for buy-to-let investments. With a diverse range of residential properties and strong transport links, landlords can enjoy a steady stream of tenants and potential for capital growth.

Housing stock

In terms of housing stock, Hammersmith has a good mix of 1, 2, and 3 bedroom flats and houses – many being new builds – with a higher volume of 1 and 2 bedroom properties compared to the London average. There is also a higher proportion of rental properties compared to the London average, meaning there is a strong demand for rental properties in the area, making it a desirable location for landlords. The volume of properties & level of demand are important since they can affect the potential rental income and stability of tenants.

The average house price for a 1 bedroom house in Hammersmith is currently around £450,000, while the average house price for a 2 bedroom house is around £600,000, and the average house price for a 3 bedroom house is around £800,000. These numbers are slightly lower than the London average, where the average house price for a 1 bedroom house is around £500,000, and the average house price for a 2 bedroom house is around £700,000, and the average house price for a 3 bedroom house is around £950,000. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.

Housing developments 

There are several major housing development projects in Hammersmith, including the King Street Quarter and the Hammersmith Embankment. These developments will bring new properties to the area and can potentially increase the demand for rental properties. More information on housing developments in the area can be on the local authorities website here. 

Transport 

Hammersmith is well connected to the rest of London. There are several train stops in the area, including Hammersmith and Barons Court, which are serviced by multiple lines. This makes it easy for tenants to commute to and from the area. The average commute time in Hammersmith is around 30 minutes, which is slightly shorter than the London average of 35 minutes. This makes it a desirable location for tenants who want to have a shorter commute. It is important to consider the commute times & transport connections, as this can affect the potential rental income and demand for rental properties.

Conclusion

Hammersmith is a prime location for buy-to-let investments due to its diverse range of residential properties, strong transport links, and high demand for rental properties. There are several major housing development projects in the works, which will bring new properties to the area and increase the demand for rental properties. The area’s transport connections make it easy for tenants to commute to and from the area, with an average commute time that is slightly shorter than the London average. Overall, Hammersmith’s housing market offers landlords the potential for capital growth and a steady stream of tenants.

Hammersmith has a rich history dating back to the Roman era, and was a major industrial area during the Victorian era. Today, it is a vibrant and diverse area known for its excellent transport links, diverse range of shops, restaurants and bars, and the famous Hammersmith Apollo theatre.

Population

Hammersmith currently has around 82,000 residents and has been growing steadily in recent years, with an estimated increase of around 2% per year. This is the same as the average growth rate for a London borough, which is around 2%. This indicates a strong demand for housing in the area, making it an attractive location for buy-to-let investors.

The population of Hammersmith is relatively young, with a median age of 34. This is lower than the London average of 45, and is likely due to the large number of students and young professionals in the area. This means that there is a high demand for rental properties catering to this demographic, such as studios and one-bedroom apartments.

The volume of renters versus homeowners in Hammersmith is also an important factor to consider. Around 60% of the population in Hammersmith are renters, which is slightly higher than the national average of around 49%. This suggests there is a strong demand for rental properties in the area, making it an attractive location for buy-to-let investors.

Employment rate & education level

The employment rate in Hammersmith is also high, with around 70% of the population in employment. This is slightly lower than the national average of around 75%, indicating that there is a strong demand for rental properties from working professionals.

The education level of the population in Hammersmith is also high, with a significant proportion of the population having a degree or higher. This is partly due to the presence of several universities in the area, including Imperial College London and the University of West London. The number of students in the area is also high, which is another factor that contributes to the high demand for rental properties.

Crime rate

The crime rate in Hammersmith is relatively low, with a crime rate of around 50 per 1000 population. This makes Hammersmith a safe and secure location for tenants, and an attractive location for buy-to-let investors.

Conclusion

Hammersmith is a vibrant and diverse area in West London, with a rich history and excellent transport links. The population is growing, young and highly educated, with a high employment rate and a high demand for rental properties. The number of renters is high and crime rate is low, making it an attractive location for buy-to-let investors. With all these factors in mind, Hammersmith can be a great place to invest in a buy-to-let property.

• Hammersmith & Fulham Council: 020 8748 3020, residentexpteam@lbhf.gov.uk, https://www.lbhf.gov.uk

• HMO licence: 020 8753 1081, licensing@lbhf.gov.uk, https://www.lbhf.gov.uk/housing/private-housing/property-licensing-landlords-and-letting-agents/register-licences 

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

• Civic amenities website, the website is https://www.lbhf.gov.uk/civic-amenities

• List of Hammersmith schools: https://www.lbhf.gov.uk/schools-and-education/schools-directory.

• Trading standards contact: 020 8753 1081, trading.standards@lbhf.gov.uk.

• EPC register contact: 020 8753 1081, epc@lbhf.gov.uk

• Waste collection contact: 020 8753 1100, cleaner.greener@lbhf.gov.uk.

• GSC register contact: 020 8753 1081, gsc@lbhf.gov.uk

• List of postcodes in Hammersmith & Fulham: https://postalcode.globefeed.com/UKPostalCode.asp?Area=Hammersmith+and+Fulham.