What you need to know about the London housing market: North London

 

The capital has long been associated with a booming property market and ever-expanding population. In this series, we look at the latest figures from property management firm CBRE focusing on all of London’s 33 boroughs, separated into north, south, east and west.

This week: North London

The north of London contains a mixed bag of affluence as well as deprivation, but the areas towards the outskirts in particular have seen a huge rise in recent years.

Barnet

Barnet is seen by many of its residents as the best of both worlds – excellent transport links into town, yet with easy access to the beautiful Hertfordshire countryside on your doorstep.

According to CBRE’s report, the borough is predicted to be the one of the most populated in London by 2024, and an upcoming regeneration and growth programme in the area is expected to provide 27,000 new homes and around 30,000 jobs.

  • Current population: 389,600
  • Population growth over next decade: 12%
  • Average salary: £34,913
  • Average house price: £539,046
  • House price growth over last 5 years: 49%
  • House price growth 5-year forecast: 24%
  • Average rent: £1,514pcm
  • Rental growth over last 5 years: 11%
  • Rental growth 5-year forecast: 20%

Camden

The borough of Camden is world-famous for its buzzing music scene and bustling markets, as well as the upmarket areas of Hampstead Heath, and has the fourth highest property prices in London.

Home of the University College London, it’s always attracted swathes of students – currently around 22,000 of them. It’s also popular with families and young professionals due to its close proximity to the city centre and the quality of living that can be achieved there.

Euston station, which is located in the borough, will be the destination of the new HS2 rail line.

  • Current population: 242,500
  • Population growth over next decade: 9%
  • Average salary: £44,263
  • Average house price: £833,581
  • House price growth over last 5 years: 45%
  • House price growth 5-year forecast: 16%
  • Average rent: £2,652pcm
  • Rental growth over last 5 years: 2%
  • Rental growth 5-year forecast: 23%

Enfield

As part of the London-Stansted-Cambridge corridor, Enfield has a number of major projects in the pipeline, including a £6bn regeneration at Meridian Water which will create 10,000 homes and 6,700 jobs. With a third of the borough designated greenbelt land, it is another region that offers a key combination of quality of living and proximity to the capital.

In 2019, a new railway station is expected to open connecting the area directly with Stratford and Liverpool Street, further adding to the area’s appeal for Londoners.

  • Current population: 333,000
  • Population growth over next decade: 11%
  • Average salary: £30,826
  • Average house price: £403,742
  • House price growth over last 5 years: 64%
  • House price growth 5-year forecast: 23%
  • Average rent: £1,310pcm
  • Rental growth over last 5 years: 16%
  • Rental growth 5-year forecast: 19%

Haringey

From upmarket Highgate and Muswell Hill to the more built-up areas around Tottenham, Haringey is an area of great contrast. The borough has excellent transport connections, with three different underground lines running through it, as well as the overground.

In the Upper Lea Valley area, regeneration across 10,000 acres is expected to create 20,000 new homes. According to the figures, Haringey is predicted to have one of the highest increases in house price over the next five years.

  • Current population: 278,000
  • Population growth over next decade: 9%
  • Average salary: £31,873
  • Average house price: £557,431
  • House price growth over last 5 years: 63%
  • House price growth 5-year forecast: 27%
  • Average rent: £1,456pcm
  • Rental growth over last 5 years: 10%
  • Rental growth 5-year forecast: 19%

Harrow

While the area is often widely known for its elite boys’ school – which Winston Churchill famously attended – Harrow is actually incredibly diverse, with great affluence as well as deprivation. BME (Black and Minority Ethnic) communities make up 63.8% of the population, and a wide range of different religions can be found across the area.

Bringing the different cultures together, the council hosts an annual festival, “Under One Sky”, celebrating with world music, dance, food and activities.

  • Current population: 252,300
  • Population growth over next decade: 10%
  • Average salary: £32,913
  • Average house price: £471,793
  • House price growth over last 5 years: 55%
  • House price growth 5-year forecast: 21%
  • Average rent: £1,426pcm
  • Rental growth over last 5 years: 19%
  • Rental growth 5-year forecast: 19%

Islington

Islington is one of the most sought-after areas in London, with trendy Finsbury Park, upmarket Angel and well-connected Kings Cross all falling within the borough. Much of it is in the Zone 1 and 2 tube catchments, and the upcoming Crossrail development will be coming to the area in 2018.

At present, there are 2,350 new residential units under construction, and ‘Tech City’ at Old Street roundabout has brought around 5,000 companies to the area.

  • Current population: 231,200
  • Population growth over next decade: 9%
  • Average salary: £47,968
  • Average house price: £645,283
  • House price growth over last 5 years: 42%
  • House price growth 5-year forecast: 18%
  • Average rent: £2,109pcm
  • Rental growth over last 5 years: -1%
  • Rental growth 5-year forecast: 23%

Waltham Forest

Sitting east of Enfield, Waltham Forest is served by the Victoria and and Central lines as well as overground stations. Since the 2012 Olympics, the largest town in the borough – Walthamstow – has seen a huge increase in popularity and gentrification, with a significant hike in property prices.

Investment in the Blackhorse Lane area is expected to bring in around 2,600 new homes and 1,000 jobs by 2025, and the borough as a whole hopes to add 4,000 new houses and 300,000 square metres of business premises.

  • Current population: 276,200
  • Population growth over next decade: 11%
  • Average salary: £29,803
  • Average house price: £416,925
  • House price growth over last 5 years: 79%
  • House price growth 5-year forecast: 17%
  • Average rent: £1,346pcm
  • Rental growth over last 5 years: 16%
  • Rental growth 5-year forecast: 17%

 

 

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

London

What you need to know about the London housing market: North London

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.