Twickenham
Located to the southwest of London city centre, Twickenham is a district next to River Thames, with an abundance of its residential buildings overlooking the scenic river views. Across the river would be Richmond, reasonably considered as the backyard of London city. The housing prices of that area also reflect its potential with over 22% housing price increment over the past 5 years.
Twickenham has a population of approximately 80,000. It has a low crime rate and exceptional transport links, with 5 train stations in the area itself. The South Western Railway will take you straight to the heart of London, Waterloo station. The Heathrow Airportis also only 20 mins drive away. The convenient transport links attract a lot of young professionals living in the area.
According to the UK government data, close to half of the Twickenham population are of middle to high management level and professional employers, additionally, 59% of the population also holds an undergraduate degree or above, way above the UK average of 30%.
A significant amount of schools in Twickenham have received the rating of Outstanding by OFSTED. For example, Waldegrave, which was named the best Comprehensive school in 2016, St Mary’s Church of England Primary School, Orleans Park School, and Twickenham Primary Academy, etc.
As mentioned, the district is compromised of mostly young professionals, hence families of 1 to 2 people are of majority. This naturally increases the demand for HMO, causing the average room rent for double-room HMO to be £660, and £470 for single-rooms. The closer the property is to River Thames, the higher the rent, which can be up to 20-30% more. The rental yield after-tax is approximately 3.5%. At the moment, Twickenham has an average of approximately 90 transactions and 360 rentals per month, each property for let takes only about 2 months to be filled, making the occupancy rate the highest across the entire country.
Data Souce: PropertyData
Twickenham’s Twickenham Stadium is also a famous landmark in the area. It’s England National Rugby Union Team’s stadium and has been in use since 1907. Having been through multiple upgrades, it can now contain up to 82,000 audiences, almost matching the size of the famous Wembley Stadium This stadium not only hosts sports events, but it also frequently hosts large concerts by singers such as Lady Gaga, Rihanna, U2, and The Rolling Stone.
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