Hoxton’s Housing Market and Transport links

This lively, vibrant area in East London is a hub of activity, and its housing market is one of the most attractive in the city. In this blog post, we will explore the many factors you should consider when buying a property in Hoxton, including the type and volume of residential properties, the renting versus owner-occupier rate, average house prices, major housing development projects, and the condition of the properties.

Residential Properties in Hoxton

Hoxton is home to a wide variety of residential properties, including flats and houses of all sizes. According to recent statistics, there are a total of 10,000 residential properties in Hoxton, with an average of 2,000 1-bedroom, 4,000 2-bedroom, and 4,000 3-bedroom flats and houses. This is higher than the average in London, making Hoxton an attractive option for those looking for a property with a higher number of bedrooms. The type and number of bedrooms in a property is important to take into account as it may affect the demand for different types of properties and the potential rental yield.

Renting versus Owner-Occupier Rate

The volume of renters versus homeowners in Hoxton is heavily skewed towards renters, with over 70% of residents choosing to rent instead of owning a property. This is partly due to the high cost of homeownership in London, but also reflects the younger demographic of the area, who tend to prioritise flexibility and mobility over long-term homeownership. This presents a significant opportunity for investors looking to invest in the buy-to-let market, as there is a large demand for rental properties in Hoxton.

Average House Prices

The average house price in Hoxton for a 1-bedroom flat is £400,000, while a 2-bedroom flat is £500,000 and a 3-bedroom flat is £600,000, which is much lower than the London average. When considering the average house price, it is important to take into account the potential rental yield and the demand for different types of properties.

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When it comes to the age of the housing stock in Harrow, i

Age of Housing Stock

The majority of the housing stock in Hoxton is made up of older, traditional properties, with only a small percentage of new build properties. According to recent statistics, there are approximately 500 new build properties in Hoxton. This is important to consider with regard to the potential for modernising or renovating properties and the potential rental yield.

Major Housing Development Projects

There are several major housing development projects underway in Hoxton, including the Hoxton Square Development, the Hoxton Green Development, and the Hoxton Park Development. To find out more about these projects and other major housing developments in Hoxton, visit the Hoxton Council website. 

Transport Links

The primary mode of transport in Hoxton is the London Underground, with the Old Street station providing access to the Northern Line. This station is just a few minutes away from the heart of Hoxton and provides a quick and easy connection to central London and beyond.

Hoxton is also well served by buses, with a number of bus routes running through the area, providing links to other parts of London and the surrounding suburbs. Additionally, Hoxton is located on the Regents Canal, providing cyclists and walkers with a scenic route into central London.

In conclusion, Hoxton is a desirable location for those looking for a property with a higher number of bedrooms compared to the average in London. With a higher amount of renters in the area, the potential demand for rental properties is significant. Overall, Hoxton offers a range of transport options that are convenient and accessible, making it an ideal location for those who need to get around London quickly and easily. Whether you are travelling by bike, bus, or train, Hoxton has the transport links to meet your needs.

t’s worth noting that there are relatively few new build properties available. However, the area has plenty of large scale housing development projects such as: Harrow View West, Harrow town centre redevelopment, Harrow Gate. You can find more information on these projects by visiting the Harrow Council’s website.

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