Dagenham’s Housing Market and Transport links

The housing market in Dagenham offers a unique opportunity for landlords looking to invest in a growing area with strong transport links to London.

Housing stock

The overall volume of properties in Dagenham is significantly lower than the average in London, but this is balanced by a higher proportion of 1 bedroom, 2 bedroom, and 3 bedroom flats and houses, which indicates a high demand for smaller properties, which can be attractive to renters looking for affordable options.

In terms of renting versus owner occupier, Dagenham has a higher rate of renting compared to the average in London. Around 35% of housing stock in Dagenham is for rent, while the average in London is around 25%. A high renting rate indicates a strong demand for rental properties in the area.

The housing stock in Dagenham is relatively new, with a large number of new build properties being developed in the area. This is important to consider as new build properties are often more energy efficient and require less maintenance, making them a more attractive option for renters.

House prices

The average house price in Dagenham is relatively affordable compared to London, with 1 bedroom flats averaging at around £150,000, 2 bedroom flats at £220,000 and 3 bedroom houses at £350,000, which suggests that there is a high demand for affordable housing options in the area.

There are a significant number of residential properties for rent in Dagenham, with around 35% of housing stock being available for rent, which shows that there is a strong demand for rental properties in the area.

Free Landlord Resources

Transport 

Dagenham has a strong connection to London, with several train stops and big stations such as Dagenham East and Dagenham Dock connecting the area to the London Underground network. It’s worth taking note of this as good transport links can make the area more attractive to renters, who can easily commute to London for work or leisure.

Commute times in Dagenham are relatively quick, with an average commute time of around 30 minutes to London, slightly shorter than the average commute time in London, which is around 35 minutes. This is an important factor to consider as shorter commute times can make the area more attractive to renters who are looking for a balance between affordable housing and easy access to London.

Conclusion

The housing market and transport links in Dagenham offer a unique opportunity for landlords looking to invest in a growing area with strong transport links to London. With a diverse range of properties, a high demand for rental properties, and affordable house prices, Dagenham is an attractive option for landlords looking to invest in the buy-to-let market. Additionally, the new build housing developments, good transport links and shorter commute times makes Dagenham an attractive location for renters.

Free Landlord Resources