Houses for sale in North London

Strong rental demand continues to entice investors looking for apartments and houses for sale in North London

Boasting some of the best transport connections across the capital and having its own distinct charm, North London has a strong rental market with growing demand from professionals, students and families. This allows property investors to earn some of the highest rental yields in the capital, with some of the best apartments and houses for sale in London

The connections of North London property investment

North London features excellent transport links, being well-served by the London Underground and Overground, Transport for London bus services and national rail services. This makes this part of the capital a favourite among London commuters.

On top of that, North London is known for a number of attractions, including Camden Market, Abbey Road Studios, Regent’s Canal and Park, Hampstead Heath, Primrose Hill and Alexandra Palace. This part of London also is home to Arsenal FC’s Emirates Stadium and Tottenham Hotspur’s brand-new stadium.

The fundamentals underpinning North London’s rental market

North London has a population of over 1.4 million and is considered one of the most culturally diverse areas in not only London but the UK as a whole. Popular areas to live and invest in North London include:

• Camden
• Islington
• Enfield
• Hackney
• Barnet
• Haringey
• Waltham Forest

Bringing tens of thousands of students and staff to the area, University College London is located in North London and one of the UK’s leading universities with 42,000 students. With a large number of domestic and overseas students, this provides an opportunity for student rentals.

But it’s not only students that find renting in North London appealing. North London is a creative hub and has a thriving arts scene, bringing creatives and artists to the area. Additionally, with leafy neighbourhoods offering village-like communities, North London is also appealing to young families.

Professionals working in Central London and City of London also boost demand in the area. Lettings near railway and tube stations that are within Zone 1 or 2 are often highly sought-after with this tenant demographic, as it makes for more convenient commuting with cheaper tube and rail fares.

A range of house prices in North London neighbourhoods

Within North London, there is a wide choice of property types from  historic properties to contemporary new builds. With that, there is also a range of property prices. Areas of North London have some of the most expensive property in London, while other areas offer better value. It’s often down to knowing where to look.

A favourite among buyers, investors and tenants is Camden. While the area is known for its world-famous market and alternative fashion scene, it’s also a live music hub and has green space with the nearby Primrose Rill and Regent’s Park.

Additionally, with its close proximity to Kings Cross and St Pancras, it offers easy transport across the UK and to mainland Europe. And the new station being built at Euston for the HS2 line will further connect the area. This will likely boost house prices and rents for properties located near the station.

Because of its strong appeal, Camden is the borough with the highest property prices in North London. Research from Chestertons reveals the average asking price for one-bedrooms is £541,076. Two-bedrooms come in at £918,671, three-bedrooms at £1,640,968 and four-bedrooms at £2,712,952.

On the other end of the scale, Enfield is home to some of the lowest average house prices in North London at approximately £400,700. Families and tenants looking for more space for their money are often attracted to this area.

Property investment prospects in North London

Many areas of North London have higher than average yields when compared to the rest of the capital. While house prices can be higher, rents are higher too, providing landlords the opportunity to earn strong rental yields.

Chestertons research shows Camden is currently leading the way with gross rental yields in London. In the three months to the end of September 2021, the average yield in the borough came to 4.0%. Located at the most southerly tip of North London, Islington has an average rental yield of 3.0%.

This data shows the investment prospects in parts of North London are strong and have room for further growth. Rental properties in close proximity to numerous transportation options will likely perform the best in the years to come as many tenants are most attracted to the area for its connectivity.

Looking for an apartment or house for sale in North London?

If you’re searching for apartments or houses for sale in North London, get in touch with the expert team at Chestertons Global New Homes.