Lambeth’s Housing Market and Transport links

For any potential landlord looking to invest in buy-to-let properties, Lambeth offers a range of residential properties and an attractive location for renters.

Housing stock

In Lambeth, there is a mix of 1, 2, and 3 bedroom flats and houses available, with the majority of properties available 2 bedroom flats and houses, followed by 1 bedroom and 3 bedroom properties. Data from the Office for National Statistics (ONS) shows that approximately 60% of properties in the area are occupied by owner-occupiers, with the remaining 40% for rent, which is slightly higher than the national average, where around 35% of properties are for rent.

The average price for a 1 bedroom flat in Lambeth is around £450,000, while the average price for a 2 bedroom flat is £600,000 and for a 3 bedroom flat is £850,000, which is slightly higher than the UK average. According to the ONS, there are around 20,000 residential properties available for rent in Lambeth.

The age of the housing stock in Lambeth varies, with a mix of older properties and new builds, with around 10% of properties built in the last 10 years. The age of the housing stock is worth considering when choosing a buy-to-let location as new builds may come with warranties and energy efficiency features that could attract tenants and reduce maintenance costs. 

As a potential landlord, the buy-to-let market in Harrow, UK is one that is worth considering. Harrow is a diverse and vibrant area that offers a range of housing options, making it a great location to invest in a buy-to-let property.

When considering the type and volume of residential properties in Harrow, it’s important to take note of the variety of options available. In Harrow, there are a high volume of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. This is in line with the average in the UK, making Harrow a great location for those looking for a property with a specific number of bedrooms.

When it comes to the mix of rental and owner-occupier properties in Harrow, it’s important to note that there is a relatively high rate of rental properties available. In fact, around 43% of the housing stock in Harrow is available for rent, compared to the UK average of 33%. This means that there is a high demand for rental properties in the area, making it a great location for buy-to-let landlords.

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Transport

The London Underground is the primary mode of transport in Lambeth, with several stations located within the area, such as Lambeth North, Vauxhall, and Brixton. The Northern Line runs through Lambeth, with stations at Kennington, Elephant & Castle, and Waterloo, all of which provide quick and easy access to the rest of London. The Bakerloo Line also stops at Lambeth North, providing connections to Paddington, Oxford Circus, and other key destinations.

Lambeth is also served by a number of bus routes. The area is well-connected to other parts of London, with bus routes operating to and from destinations such as Victoria, Oxford Street, and King’s Cross.

For those who prefer to travel by train, Lambeth is also home to two major railway stations: Waterloo and Vauxhall. Waterloo is one of the busiest railway stations in London, with regular services to destinations across the UK, including Bristol, Southampton, and Portsmouth. Vauxhall Station is also a key transport hub, with regular services to destinations such as Clapham Junction, Battersea, and Woking.

Lambeth has relatively short and manageable commute times for residents. With a number of different trains, buses and bike or car sharing schemes, as well as the proximity to the city centre, residents of Lambeth are able to travel to their destination quickly and efficiently. Compared to the average in London, Lambeth’s commute times are relatively short and manageable.

Conclusion

Lambeth is an ideal location for renters who need quick and easy access to the rest of London and beyond. With excellent public transport links, residents of Lambeth can easily get around the city and make the most of all that London has to offer. When considering investing in buy-to-let housing stock in Lambeth, it is important to have a clear understanding of the local housing market, including the type and volume of properties available, the average house prices, the renting vs owner-occupier rate.

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