Herne Hill’s Housing Market and Transport links

Herne Hill is an attractive location for buy-to-let landlords due to its high demand for rental properties and excellent transport links. In this blog post, we will explore the housing market and transport links in Herne Hill and why it is an ideal location for buy-to-let properties.

Housing stock

There are a total of 7,832 residential properties in Herne Hill. This includes a volume of 1,898 1 bedroom flats, 1,958 2 bedroom flats, 1,148 3 bedroom flats, and 1,828 houses. This is slightly higher than the average in London, making Herne Hill a competitive location for landlords looking to invest in buy-to-let properties. 

The housing stock in Herne Hill is relatively diverse in terms of age. According to data, around 40% of the housing stock in Herne Hill is made up of new build properties, while the remaining 60% is made up of older properties. The age of the housing stock is worth considering as it can affect the potential rental income and maintenance costs.

The average cost for a 1 bedroom flat is £490,000, a 2 bedroom flat is £651,000, and a 3 bedroom flat is £919,000. The average cost for a 1 bedroom flat is £450,000. These prices are slightly higher than the average in London, but still competitive. It is important to consider house prices when choosing a buy-to-let location, as it can affect the potential rental income and return on investment.

In terms of renting versus owner-occupier, Herne Hill has a relatively high rate of rental properties. According to data, around 60% of the housing stock in Herne Hill is for rent, while 40% is owner-occupied. This is slightly higher than the average in London, making it an attractive location for landlords looking to invest in buy-to-let properties.

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Transport

The area is served by two train stations: Herne Hill and Loughborough Junction. Both stations provide regular services on the Thameslink and Southern rail lines, with Herne Hill also offering services on the Southeastern line. This gives residents of Herne Hill easy access to many of London’s major destinations, including London Bridge, Blackfriars, and St Pancras International. In comparison to the average in London, Herne Hill has a relatively high volume of train stops, making it a convenient location for those who rely on public transportation.

Commute times in Herne Hill are generally shorter than the average for London. Herne Hill is located just over 6 miles from London Bridge, and the train journey takes around 15 minutes. This is significantly faster than the average commute time for London, which is around 45 minutes. Herne Hill also has good bus links, with several bus routes running through the area, providing further transport options for residents. The proximity to major transport hubs, and the efficient public transport network make Herne Hill a desirable location for those looking for a convenient and relatively quick commute to central London.

Conclusion

Herne Hill is an ideal location for buy-to-let landlords due to its high demand for rental properties, diverse housing options, and excellent transport links. The area has a relatively high rate of rental properties, with 60% of the housing stock being for rent, and a diverse range of property options, including a mix of new build and older properties. The average cost for a 1 bedroom flat is £490,000, a 2 bedroom flat is £651,000, and a 3 bedroom flat is £919,000. The average cost for a 1 bedroom flat is £490,000, which is slightly higher than the average in London but still competitive. Additionally, Herne Hill has two train stations and several bus routes, providing easy access to major destinations in London and shorter commute times than the average for London, making it a convenient location for those who rely on public transportation.

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