The Demographics of Greenford’s Population
Greenford has a rich history that dates back to Roman times. Today, it is a bustling and diverse area, home to a wide range of communities, making it an excellent location for those considering investing in a buy-to-let property. In this article, we will explore some of the key factors you should consider when investing in Greenford.
Population size and growth
Greenford’s population currently stands at around 50,000 people, and it has been steadily growing over the years. In fact, it is one of the fastest-growing areas in the borough of Ealing. The population has grown by 6% over the past decade, which is slightly higher than the average growth rate for London boroughs. The increase in population is due to several factors, including the development of new housing and improved transport links, such as the opening of the Elizabeth line, which is set to further boost the area’s population.
Age of the population
Greenford’s population is diverse, with a mix of age groups. The median age in Greenford is 35, which is slightly lower than the average in the UK. The area has a significant number of young people, with nearly 30% of the population under the age of 20. This is due to a large number of families with young children living in the area. However, the area also has a significant number of older residents, with nearly 20% of the population aged 65 or over.
Employment rate
Greenford has a relatively high employment rate compared to the average in the UK. The area’s employment rate is around 74%, which is slightly lower than the UK average of 75%. The area has a mix of employment opportunities, with a high number of jobs in the retail and hospitality industries, as well as in the manufacturing and construction sectors. The area is also home to several major employers, including Diageo, the multinational beverage company, which has a large manufacturing plant in Greenford.
Education level rate and students
Greenford has several primary and secondary schools, including the highly rated William Perkin Church of England High School. In addition, there are several colleges and universities in the area, including the University of West London, which has a campus in nearby Ealing. There are also over 4,000 students living in Greenford, which is a significant number given the area’s size.
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Volume of renters versus homeowners
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.
Crime rate
Greenford has a lower crime rate compared to the average in the UK. In fact, it is one of the safest areas in the London Borough of Ealing. The area has a low rate of violent crime, and incidents of burglary and theft are also relatively low. The area has a good police presence, with several police stations located nearby.
In conclusion, Greenford is a vibrant and diverse area with a growing population, a good education system, and a relatively high employment rate. The area also has a high volume of renters, making it an attractive location for those considering investing in a buy-to-let property. In addition, the area has a low crime rate making it a desirable location.
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