The Deographics of Bethnal Green’s Population

Before making any decisions, it’s important to understand the demographic factors that could potentially impact your investment. In this blog post, we’ll take a closer look at the population of Bethnal Green and discuss key factors to consider, including population size and growth, age, employment, education, and more.

Population Size 

Bethnal Green has a population of around 27,500 people, making it a relatively small London borough. However, the population has been steadily growing in recent years, with a projected growth rate of around 2.5% per year. This is slightly higher than the average growth rate for London boroughs, which is around 2%. This can be good news for landlords, as a growing population means more potential renters.

Age of the Population

The age of the population in Bethnal Green is relatively young, with a median age of around 30 years. This is lower than the average for London boroughs, which is around 35 years, and also lower than the national average, which is around 40 years. This could be a positive factor for landlords, as a younger population is typically more mobile and may be more likely to rent.

Employment

The employment rate in Bethnal Green is around 57%, which is slightly lower than the average for London boroughs, which is around 60%. However, it is higher than the national average, which is around 53%. The majority of residents are employed in professional, technical, and administrative roles, with a smaller percentage working in manual or service-based jobs. This can be good news for landlords, as a higher employment rate means more potential renters with stable incomes.

Education

Bethnal Green has a relatively high level of educational attainment, with around 30% of residents holding a degree or higher qualification. This is higher than the average for London boroughs, which is around 25%, and also higher than the national average, which is around 23%. Bethnal Green also has a relatively high number of students, with several university campuses located nearby. This can be good news for landlords, as a higher education level means more potential renters with higher incomes.

Renters vs Homeowners

Around 60% of residents in Bethnal Green rent their homes, while 40% are homeowners. This is higher than the average for London boroughs, which is around 55% renters and 45% homeowners, and also higher than the national average, which is around 30% renters and 70% homeowners. This can be good news for landlords, as a higher percentage of renters means more potential renters for your property.

Crime Rate

The crime rate in Bethnal Green is relatively low, with a lower rate of violent crime compared to the London average. However, the rate of property crime is slightly higher than the London average. Overall, the crime rate in Bethnal Green is considered to be on par with the national average.

In conclusion, there are many factors to consider when investing in a buy-to-let property in Bethnal Green. The population is growing, young, and has a relatively high level of education, which can be good news for landlords. Additionally, the majority of residents in the area rent their homes, providing a good pool of potential renters. However, it’s also important to consider the lower employment rate and the slightly higher rate of property crime. By taking all these factors into account, you can make a more informed decision about whether investing in a buy-to-let property in Bethnal Green is right

Free Landlord Resources