Greenford’s Housing Market and Transport Links

As a landlord, you are likely considering many factors before investing in a buy-to-let property. Greenford offers a range of housing stock and transport links, making it an attractive location for both renters and buyers. In this article, we will provide you with essential information on the housing market in Greenford, including the type and volume of residential properties, the renting vs occupier rate, the average house price, the age of the housing stock, major housing development projects, and factors to consider about the condition of the property.

Residential Properties in Greenford

Greenford has a diverse range of residential properties, including 1 bedroom, 2 bedroom, and 3 bedroom flats and houses. The overall volume of residential properties in Greenford is 10,370, with 3,382 1 bedroom properties, 3,211 2 bedroom properties, and 2,121 3 bedroom properties. Compared to the average in London, Greenford has a higher proportion of 2 bedroom and 3 bedroom properties, making it a suitable location for families and professionals.

Renting vs Occupier Rate

Greenford has a relatively high volume of renters compared to the average in the UK. In fact, over 40% of the population in Greenford are renters, which is slightly lower than the UK average of 49%. The area has a mix of rental properties, including private rentals and social housing. The high demand for rental properties is due to the area’s relatively affordable rental prices, which are significantly lower than other areas in London.

Average House Prices

The average house price for a one-bedroom house in Greenford is approximately £270,000, while a two-bedroom house will cost around £375,000. For a three-bedroom house, the average price is around £450,000. These prices are significantly lower compared to the average house prices in London, making Greenford an attractive location for buy-to-let investors who want to get a foothold in the London property market without breaking the bank.

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Age of the Housing Stock

Greenford has a mix of old and new housing stock, with 38% of properties built before 1945 and 14% built after 2000. Considering the age of the housing stock is essential when investing in a buy-to-let property, as it will determine the potential maintenance and repair costs. New build properties may require less maintenance, but they may also have a higher purchase price.

Major Housing Development Projects

Greenford has several significant housing development projects, including Southall Waterside, Greenford Quay, and Alumno’s student accommodation. It’s important to consider potential housing development projects when investing in a buy-to-let property, as they may affect the level of demand and potential rental income. To find out more about major housing development projects in Greenford, you can visit the Ealing Council website https://www.ealing.gov.uk/site/

Transport Links

One of the main transport links in Greenford is the Central line on the London Underground, with Greenford station being the terminus of the line. This provides easy access to central London, with journey times to Oxford Circus taking around 30 minutes. In addition, there are several bus routes that serve the area, including the 92, 95, 105, 282, 395 and E6, which provide connections to areas such as Ealing, Harrow, and Heathrow Airport.

For those travelling by car, the A40 Western Avenue runs through Greenford, providing easy access to the M40 and M25 motorways. This makes it a convenient location for commuters who need to travel outside of London.

Greenford also has a railway station, although this is situated on the Chiltern Main Line and provides services to destinations such as High Wycombe and Aylesbury, rather than central London.

In conclusion, Greenford is an area of West London that offers a range of housing stock and transport links, making it an attractive location for both renters and buyers.Greenford is a well-connected and convenient location for those looking to live in a suburban area within easy reach of central London.

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