Putney’s Housing Market and Transport Links

Are you considering investing in a buy-to-let property in Putney? Putney is a highly desirable location for renters, offering excellent transport links and a wide range of housing options. In this blog post, we will explore the housing market and transport links in Putney, providing valuable information for potential landlords looking to invest in the area.

The Volume of Residential Properties

When it comes to the type and volume of residential properties in Putney, there is a wide range of options available. According to data from the Office for National Statistics (ONS), there are a total of 17,961 residential properties in Putney, with a breakdown of 3,919 one-bedroom flats, 6,169 two-bedroom flats, and 3,973 three-bedroom flats. In addition, there are 2,972 houses in Putney. This compares favourably to the average in London, where the average number of one-bedroom flats is 3,784, two-bedroom flats is 5,851, and three-bedroom flats are 4,096. It’s important to consider the type and number of bedrooms when choosing a buy-to-let property, as this can have a significant impact on the potential rental income.

Renting vs Owner-Occupancy

When it comes to the renting vs owner-occupier rate in Putney, there are a total of 8,944 properties for rent, while 8,017 are owner-occupied. This means that approximately 50% of properties in Putney are for rent. This compares favourably to the average in London, where the renting vs owner-occupier rate is 40%. It’s important to consider this when choosing a buy-to-let location, as a higher renting rate can indicate a higher demand for rental properties.

House Price

The average house price in Putney is also on the higher end of the spectrum compared to the rest of London. According to recent data, the average price for a 1 bedroom flat in Putney is around £450,000, while a 2 bedroom flat averages around £600,000. For a 3 bedroom flat, the average price is around £800,000. The same applies to houses, with 1 bedroom houses averaging around £500,000, 2 bedroom houses averaging around £700,000, and 3 bedroom houses averaging around £1,000,000. These numbers are significantly higher than the London average, but the high rental demand and yields in Putney can help offset these higher prices.

Residential Properties for Rent

When it comes to the number of residential properties for rent in Putney, there are a total of 8,944 properties available. This is a relatively high number, indicating a strong demand for rental properties in the area. 

The age of the housing stock in Putney is relatively varied, with a mix of older properties and new builds. According to data from the ONS, there are 1,939 new build properties in Putney. The age of the housing stock is important to consider when choosing a buy-to-let location, as older properties may require more maintenance and renovations, while new builds can be more energy efficient and require less maintenance.

Housing Developments

There are several major housing development projects currently underway in Putney, including the Putney Wharf development and the Wandsworth Riverside Quarter development. For more information on major housing development projects in Putney, you can visit the Wandsworth Borough Council website https://www.wandsworth.gov.uk/. It’s important to consider potential housing development when choosing a buy-to-let location, as new developments can bring new amenities and services to the area, and can potentially increase the demand for rental properties.

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Transport Links

Putney is well connected by various forms of transport, making it easy for residents and visitors to travel to and from the area.

One of the main transport links in Putney is the London Underground. The district is served by the District line, which runs from Putney Bridge station to Upminster in East London. This line provides connections to many key destinations in London, including Westminster, Kensington, and the City of London.

In addition to the underground, Putney is also served by a number of bus routes. The main bus station is located near Putney Bridge, and buses run to various destinations throughout London, including Heathrow Airport, Oxford Circus, and Victoria Station. The area also has a number of river bus services that run along the River Thames. These services provide connections to destinations such as Chelsea, Greenwich, and the London Eye.

For those who prefer to travel by bike, Putney has a number of bike-sharing schemes available, such as Santander Cycles, which allows people to hire a bike for a short period of time.

Overall, Putney has excellent transport links, making it easy for residents and visitors to travel to and from the area. There are a variety of options available, including the underground, buses, river buses, and bikes, so everyone can choose the mode of transport that suits them best.

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