Eltham’s Housing Market and Transport Links

As a landlord, you’ll want to consider a variety of factors when deciding where to buy-to-let properties. Eltham, located in the Royal Borough of Greenwich, has a lot to offer in terms of its housing market and transport links. Here’s what you need to know.

Residential Properties in Eltham

Eltham has a diverse mix of residential properties, ranging from one-bedroom flats to large family homes. The overall volume of properties in Eltham is around 17,000, with approximately 37% of those being one or two-bedroom flats and 38% being three or more bedroom houses. It’s important to consider the housing type and number of bedrooms when choosing a buy-to-let location, as this will influence the types of tenants you can attract.

Renting vs. Owner Occupier Rates

The rental market in Eltham is quite competitive, with around 38% of households rented from private landlords or housing associations. This is slightly lower than the UK average and reflects the town’s popularity among young professionals, students, and families who prefer the flexibility and convenience of renting. However, Eltham also has a stable and affordable housing market, with a good selection of properties for sale at various price points. This makes it a viable location for both homeowners and landlords looking to invest in property.

Average House Prices in Eltham

The average house price in Eltham varies depending on the size of the property. For a 1 bedroom house, the average price is around £250,000, while a 2 bedroom house will cost around £375,000. For those looking to invest in a larger property, a 3 bedroom house has an average price of around £475,000. Compared to the average house prices in London, Eltham is relatively affordable, making it a popular location for those looking to invest in property.

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Age of Housing Stock

Eltham has a mix of older and newer properties, with a small number of new build properties being developed in recent years. It’s important to consider the age of the housing stock when choosing a buy-to-let location, as older properties may require more maintenance and repairs.

Major Housing Development Projects

Eltham has several major housing development projects currently underway, including Kidbrooke Village, Eltham Springs, and Royal Arsenal Riverside. These developments will provide additional housing stock in the area, which could affect the demand for buy-to-let properties. It’s important to consider the potential for future housing developments when making your investment decision. You can find out more about major housing developments in Eltham by visiting the Royal Borough of Greenwich website https://www.royalgreenwich.gov.uk/

Transport Links

Eltham is well-served by several bus routes that run through the town centre, connecting it to nearby areas such as Woolwich, Blackheath, and Bromley. Additionally, there are multiple National Rail stations within a short distance of Eltham, such as Eltham Station and New Eltham Station, which connect to destinations such as London Bridge, Charing Cross, and Cannon Street. The Docklands Light Railway (DLR) is also accessible from the nearby Woolwich Arsenal Station.

For those who prefer to drive, Eltham is conveniently located near major roads such as the A2 and A20, providing easy access to the M25 and other motorways. Cyclists can take advantage of several designated cycle routes that run through the town centre and its surrounding areas.

In conclusion, Eltham has a lot to offer for potential buy-to-let landlords. With its diverse mix of residential properties, relatively affordable house prices, and major housing development projects underway, Eltham is an attractive option for investors looking to expand their property portfolios. Eltham has a good range of transport links that provide easy access to other areas of London and beyond, making it an attractive location for commuters and residents alike.

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