The Demographics of Tottenham’s Population

Population Size

According to the most recent census, the population of Haringey, of which Tottenham is a part, is approximately 255,000. This makes it the 9th largest London borough by population, and it is projected to continue growing in the coming years. This population growth presents a potential for increased demand for rental properties, making Tottenham an attractive location for buy-to-let investment.

Age of the Population

Another demographic factor to consider is the age of the population in Tottenham. The median age in Haringey is 35, which is slightly lower than the London average of 38. This younger population may be more likely to rent, rather than own, a property, providing potential landlords with a steady stream of tenants.

Employment Rate

Employment is another important factor to consider when investing in a buy-to-let property. The employment rate in Haringey is 63%, which is slightly lower than the London average of 65%. However, it is important to note that the unemployment rate has been decreasing in recent years, which may indicate a positive trend in the job market. Additionally, the borough is home to many large employers, including the major retail and leisure complex Tottenham Hale Retail Park, which attracts many people and employees to the area.

Education

Education is also an important factor to consider, the proportion of Haringey residents with a degree or higher is 36%, which is slightly lower than the London average of 38%. The local schools, sixth forms, and colleges in Tottenham have a good reputation, attracting many young families to the area.

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Renting vs Owning

When it comes to renting versus owning property, Haringey has a relatively high proportion of renters, at 55%, compared to the London average of 49%. This indicates a significant demand for rental properties in the area, which is useful for landlords.

Crime Rates

The crime rate in Haringey is higher than the London average. However, it is important to note that the crime rate has been decreasing in recent years, and the local authorities are taking steps to improve the safety of the area.

Overall, Tottenham presents a unique set of opportunities and challenges for potential landlords. The rapidly growing population, younger age demographic, and high proportion of renters make it an attractive location for buy-to-let investment. However, the slightly lower employment and education rates, as well as the higher crime rate, should also be taken into consideration.

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