Islington’s Housing Market and Transport Links

As a potential landlord, it’s important to understand the current state of the housing market in the area in order to make informed decisions about your investment. In this blog post, we’ll take a closer look at the housing stock, rental market, and average prices in Islington, as well as major housing development projects and factors to consider when assessing the condition of a potential property.

The Volume of Residential Properties 

There are currently over 13,000 residential properties in Islington, with a breakdown of:

• 47% 1 bedroom flats and houses
• 39% 2 bedroom flats and houses
• 14% 3 bedroom flats and houses 

This is slightly higher than the average for London as a whole, where 43% of properties are 1 bedroom, 40% are 2 bedroom, and 17% are 3 bedroom. It’s important to consider the number of bedrooms in a property when investing in a buy-to-let, as properties with more bedrooms tend to command higher rents and may be more attractive to a wider range of tenants.

Rental Market

Currently, around 60% of residential properties in Islington are owner-occupied, while 40% are being rented out. This is slightly lower than the average for London as a whole, where 51% of properties are owner-occupied and 49% are being rented out. It’s important to consider the renting vs occupier rate when choosing a buy-to-let location, as a higher renting rate may indicate a stronger demand for rental properties in the area.

House Prices

The average price for a house in Islington  is:

• £550,000 for a 1 bedroom property 
• £900,000 for a 2 bedroom property 
• £1,200,000 for a 3 bedroom property 

These prices are slightly higher than the London average, where the average price is:

• £500,000 for a 1 bedroom property 
• £700,000 for a 2 bedroom property 
• £950,000 for a 3 bedroom property 

Higher prices may indicate a stronger market for rental properties in the area.

Residential Properties

In terms of rental properties, there are around 5,000 residential properties available for rent in Islington. A higher number of rental properties may indicate a stronger demand for rental properties in the area.

Housing Stock

The majority of properties in Islington are older buildings, with only around 20% being new builds. This is important to consider as older properties may require more maintenance and renovations, while newer properties may be more energy-efficient and require less work.

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Housing Developments

There are several major housing development projects currently underway in Islington, including The Angel Central and The Bower. To find out more about these and other housing developments in Islington, you can visit the Islington Council website https://www.islington.gov.uk/. It’s important to consider potential housing development when choosing a buy-to-let location, as new developments may bring increased demand for rental properties and drive up prices.

Finally, when assessing the condition of a potential buy-to-let property, it is worth taking note of the overall condition of the property, any necessary repairs or renovations, and the age and condition of major systems such as the heating and plumbing.

Transport Links 

Islington is well-connected to the rest of the city by a variety of transport options. The district is served by four tube stations: Angel, Highbury & Islington, Finsbury Park, and Caledonian Road. Angel Station is on the Northern line and is one of the busiest stations on the network. Highbury & Islington Station is on the Victoria line and the Overground. Finsbury Park Station is on the Piccadilly and Victoria lines, as well as the Overground. Caledonian Road Station is on the Piccadilly line.

Bus services are also a popular way to get around Islington. Many bus routes pass through the district, providing connections to other parts of London. The main bus station in Islington is located at Angel.

Cycling is another popular mode of transportation in Islington. The district has a number of dedicated cycle lanes, and there are several bike-sharing schemes operating in the area.

In addition to these options, Islington is also served by several main roads, including the A1, which runs through the district and connects it to other parts of London. For those who prefer to travel by train, King’s Cross St Pancras is located just outside of Islington and provides international and national rail connections.

In summary, Islington has a higher amount of 1 bedroom and 2 bedroom flats and houses, which could be desirable to working professionals or couples, and in turn increase buy-to-let landlords return in investment.  Additionally, Islington is well-connected to the rest of London by a variety of transportation options, including the London Underground, bus services, cycling, and main roads. It also has good access to train connections via King’s Cross St Pancras station.

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