Wembley’s Housing Market and Transport links

As a landlord, it is important to understand the type and volume of residential properties available, as well as the average house prices and rental rates. The age of the housing stock and potential for new housing developments should also be taken into consideration. In this blog post, we will delve into the details of the housing market and transport links in Wembley and provide insight on why these factors are important to consider before investing in a buy-to-let property.

Housing stock

The overall volume of properties in Wembley is relatively consistent with the London average. However, there is a higher volume of 1 bedroom and 2 bedroom properties, with a lower volume of 3 bedroom properties compared to London as a whole, which may affect the potential rental yield for landlords.

Wembley has a higher rate of rental properties compared to the London average. According to data from the Office of National Statistics (ONS), approximately 60% of properties in Wembley are rented, compared to the London average of 49%, which may indicate a higher demand for rental properties in the area.

The average price for a 1 bedroom house in Wembley is £352,000, for a 2 bedroom property it’s £531,000 and the average price for a 3 bedroom property is £852,000. These prices are slightly lower than the average in London, which are around £500,000, £700,000, and £800,000, respectively. It is worth noting what the average house prices in the area are as it may affect the potential rental yield for landlords.

Approximately 20% of properties in Wembley are new builds, which often tend to come with higher energy efficiency ratings and may require less maintenance. There are also several major housing development projects happening in Wembley, including the Wembley Park Development, Brent Civic Centre Development and Alperton Redevelopment. More information on these projects can be found on the Brent Council website. https://www.brent.gov.uk/

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Transport

Wembley is well connected with several train stops and major stations such as Wembley Central, Wembley Stadium and Alperton. These stations service several lines, including the Bakerloo, London Overground and London Midland lines, with the average commute time in Wembley approximately 30 minutes, which is consistent with the London average.

Conclusion 

The housing market and transport links in Wembley are both important factors to consider when investing in a buy-to-let property. From the type and volume of residential properties, to the average house prices and rental rates, to the age of the housing stock and potential for new housing developments, these factors all have an impact on the potential rental yield for landlords. By understanding these details, potential landlords can make more informed decisions when choosing a buy-to-let location in Wembley.

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