The demographics of Norwood’s population

Norwood has a rich history dating back to the 18th century, where it was once a popular destination for wealthy Londoners looking to escape the hustle and bustle of the city, and today it remains a desirable location for many. Some of the most interesting things about Norwood include its Victorian architecture, its green spaces such as Dulwich Park and Norwood Park, and its lively cultural scene with many festivals and events.

Population

The population of Norwood is approximately 174,000, which is much higher than the average for a town in a London borough. The population of Norwood is also growing, with a projected increase of around 5% over the next 10 years. This is a positive sign for potential investors, as a growing population can lead to higher demand for rental properties.

It’s also worth noting that the area has a relatively older population compared to the average in the UK. According to data, the median age in Norwood is 40, while the average median age in the UK is around 45. This means that Norwood has a higher proportion of older residents compared to the national average. This could be an important factor to consider if you’re looking to invest in a property that caters to a specific age group.

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Employment rate & Education

The employment rate in Norwood is around 72%, which is slightly higher than the average employment rate in the UK. This suggests that there is a relatively high level of employment in the area, and therefore a higher demand for rental properties.

Norwood has a relatively high rate of higher education, compared to the average in the UK. Norwood has many students from different backgrounds, including international students. This could be a positive factor for potential investors, as a higher education level can lead to a higher demand for rental properties.

Crime rate

The crime rate in Norwood is slightly lower than the average crime rate in London. This suggests that the area is relatively safe, which can be an important factor for potential tenants and landlords alike. 

Conclusion

There are many factors to consider when investing in a buy-to-let property in Norwood. From its rich history and lively cultural scene, to its growing population and relatively high employment rate, there are many positive signs for potential investors. However, it’s also important to consider the area’s relatively older population and slightly lower crime rate when making your decision. Overall, Norwood is a great place to invest in a buy-to-let property, as long as you take the time to consider all the factors that could affect your investment.

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Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.

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