Why West Hampstead Enjoying High Demand Among Renters?
West Hampstead is part of Greater London and is in the North West part of the city. It is unique and a very desirable address. The area is well connected to the main city and other locations of London. The Underground (Jubilee line), Overground and Thameslink stations connect trains to Bedford, Gatwick and Brighton. There are myriad bus routes for easy commuting. The main road is West End Lane that has many good shops, restaurants and bars. Off West End the smaller roads lead to residential areas which are quiet and peaceful.
Cafes
West Hampstead has an abundance of well-established cafés and is evolving further. By night the bars of West Hampstead become bustling. An example is the Wet Fish Café as an atmospheric place to dine out.
Influx of Renters
West Hampstead is a favorite of all kinds of people. They are drawn by the vast transport links of that area. Of late there has been a change–from a landlords market, West Hampstead is gainful for tenants as more stock levels and supply increased after New homes and flats to rent increased. This is shifting control of the rental market towars tenants. Landlords are realistic and moderating rental prices to minimise void periods and maintain yields.
Rental Demand
In terms of renting property in Hampstead, property agents say that rental demand is high for 1 and 2 bedroom flats. Also tenants are keen on stability and want to stay longer in the same rental property than shifting home frequently.
The buy to let investment has made rental market more price sensitive. It is now keeping Landlords under pressure to make capital investment into property to redecorate and make the product appealing as the rental market has turned competitive.
Quality of Life
The residents of West Hampstead say that living in Hampstead is first class as it has more fun than Maida Vale and is less edgy than Kilburn and not as costly as Primrose Hill. It gives a very soothing life without the usual stress of a city life.
