The Demographics of Hendon’s Population

Hendon has a rich history, dating back to the 11th century, and is home to several notable landmarks such as the Royal Air Force Museum and Hendon Park. With a population of approximately 53,000 people, Hendon is a thriving community that offers plenty of opportunities for those looking to invest in buy-to-let properties. In this blog post, we will explore some key factors to consider when investing in the Hendon property market.

Population size and growth

The population of Hendon has been steadily increasing over the years, with a current estimate of around 53,000 people. This represents a growth rate of 3.3% since the last census in 2011. This growth rate is slightly higher than the average for London boroughs, which is 2.2%. This suggests that Hendon is an attractive location for people to live, work and invest in. With a growing population, the demand for housing is likely to remain high, making it an ideal location for buy-to-let investors.

According to the last census, the median age in Hendon was 34 years old, which is slightly lower than the national average of 45 years old. This suggests that Hendon is a younger, more dynamic community. It is also worth noting that there is a significant student population in the area, as Hendon is close to Middlesex University. With over 15,000 students, there is a steady demand for student accommodation, making it an attractive market for investors looking to tap into this niche.

Employment rate

Hendon has a relatively high employment rate compared to the rest of the UK. According to recent statistics, the employment rate in Hendon is 76.5%, which is higher than the national average of 75%. This suggests that Hendon is a prosperous community with plenty of job opportunities. With a high employment rate, the demand for rental properties is likely to remain strong, making it an ideal location for buy-to-let investors.

Education level rate

Education is another important factor to consider when investing in a buy-to-let property in Hendon. According to recent statistics, around 60% of Hendon’s population holds a degree-level qualification or higher. This is significantly higher than the national average of 38%. Hendon is also home to Middlesex University, which is a leading institution in the field of science and technology. With a high number of students and a strong focus on education, there is a steady demand for rental properties in the area.

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Volume of renters versus homeowners

In terms of ownership, around 40% of Hendon’s housing stock is for rent, while 60% is owner-occupied. This is slightly below the London average, where around 49% of properties are rented. This is worth noting the renter vs owner-occupier rate as it will give you an idea of potential rental demand in the area. 

Crime rate

When investing in a buy-to-let property, it is important to consider the crime rate in the local area. According to recent statistics, the crime rate in Hendon is 47.3 crimes per 1,000 people, which is slightly higher than the national average of 35 crimes per 1,000 people. This suggests that Hendon is a safe and secure location to invest in.

In conclusion, Hendon is a vibrant and dynamic community with a growing population, a younger demographic, a high employment rate, and a strong focus on education. With a high proportion of renters and a steady demand for student accommodation, it is an attractive market for buy-to-let investors. Although the crime rate is slightly higher than the national average, Hendon remains a safe and secure location to invest in. 

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