Lewisham’s Housing Market and Transport Links

Are you considering investing in a buy-to-let property in Lewisham? The London borough of Lewisham has a lot to offer potential landlords, with a diverse range of residential properties and strong transport links to the rest of the city.

Volume of Residential Properties

When it comes to the type and volume of residential properties in Lewisham, there is a mix of flats and houses available. According to data, as of 2021, there were a total of 6,811 properties available for sale in Lewisham. Of these, the majority were flats, with 4,913 1-bedroom flats, 1,224 2-bedroom flats and 674 3-bedroom flats on the market. There were also 724 1-bedroom houses, 245 2-bedroom houses, and 49 3-bedroom houses available. These numbers are relatively consistent with the average for London as a whole, but it’s important to note that the number of 1-bedroom properties available in Lewisham is higher than the average, making it a good location for landlords looking to cater to single professionals or couples.

Renting vs Owner-Occupied

When it comes to the renting versus owner-occupier rate in Lewisham, there are a high number of properties available for rent. According to data from the Office for National Statistics (ONS), as of 2021, around 37% of the housing stock in Lewisham was for rent, compared to the London average of around 30%. This high renting rate can be beneficial for landlords, as it indicates a strong demand for rental properties in the area.

Average House Price

The average house price for a property in Lewisham is around 

  • 1-bedroom is £365,000, 
  • A 2-bedroom property is around £470,000 
  • A 3-bedroom property is around £660,000, according to data 

These prices are relatively affordable when compared to the London average, making Lewisham a good option for landlords on a budget.

Residential Properties for Rent

There are many residential properties for rent in Lewisham, with a good number of 1-bed, 2-bed, and 3-bed available. This makes Lewisham a good location for landlords looking to cater to different tenant demographics, as well as for those who want to diversify their portfolio.

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Housing Stock

The housing stock in Lewisham is relatively new, with many new build properties available, particularly in the Catford, Crofton Park, and Downham areas. According to the Lewisham Council website, there are currently several major housing development projects underway in the borough, including the Catford Green development and the Lewisham Gateway development. These new builds can be a good option for landlords looking to invest in modern, energy-efficient properties.

When it comes to choosing a buy-to-let property in Lewisham, it’s important to also consider the condition of the property. This includes factors such as the age of the property, the condition of the roof and windows, the condition of the electrical and plumbing systems, and whether or not the property is in need of any major repairs. Landlords should also consider the overall condition of the property’s exterior and interior, as well as the condition of the garden and any communal areas.

Transport Links

Transport links in Lewisham, a London borough, are primarily served by public transportation. The London Underground’s Lewisham station on the DLR (Docklands Light Railway) line provides access to Canary Wharf and the City of London. The London Overground also serves Lewisham, with trains running to Highbury & Islington and Canada Water. The National Rail services provide connections to London Victoria and London Bridge, as well as other destinations including Kent.

The borough is also well-connected by bus routes, with services provided by Transport for London (TfL) and other operators. Many bus routes run through Lewisham, providing connections to other parts of London, including the West End and the City. Additionally, the Thames Clippers River Bus service operates from Lewisham DLR Pier, providing connections to destinations along the River Thames, including London Bridge, Canary Wharf and the O2 Arena.

Cycling is also a popular mode of transportation in Lewisham, with several cycling routes running through the borough. The London Cycle Network provides connections to other parts of the city, and there are also several Santander Cycles docking stations in the area.

Finally, Lewisham is well-connected by road, with easy access to the A20 and A21, which provide connections to the M25 and the south coast. The nearest major road is the A20, which runs through the borough and connects to the M25.

In conclusion, Lewisham is a great location for buy-to-let investment with a wide range of residential properties, strong transport links, and relatively affordable house prices. If you are considering investing in a buy-to-let property in Lewisham, be sure to take into account the type and volume of residential properties, the renting v occupier rate, the average house price, the age of the housing stock, and the condition of the property before making your final decision. For more information about major housing developments in Lewisham visit Lewisham Council – Progress of the Lewisham Gateway development

Free Landlord Resources

Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

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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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