{"id":2335,"date":"2016-02-22T12:24:42","date_gmt":"2016-02-22T12:24:42","guid":{"rendered":"https:\/\/blog.propertypartner.co\/?p=2335"},"modified":"2019-02-22T13:46:36","modified_gmt":"2019-02-22T13:46:36","slug":"the-investment-case-for-edgware","status":"publish","type":"post","link":"https:\/\/www.londonhouseexchange.com\/blog\/the-investment-case-for-edgware\/","title":{"rendered":"The investment case for Edgware, London"},"content":{"rendered":"
The investment case for Edgware, London<\/div>\n

We believe that there is a strong investment case for Edgware, in the London Borough of Barnet.<\/p>\n

This is underpinned by three main factors:<\/p>\n

\u2022 Edgware is favoured to enjoy strong growth in house prices, with the ONS having already identified a housing shortage in the area. Edgware also benefits from substantially lower unemployment and higher average income than the national average which is likely to drive up the prices in the area.<\/p>\n

\u2022 Edgware is a desirable location to live for young families, with numerous good schools, and a vast range of facilities at hand. This should support strong demand for housing in the area – supporting house prices and rental values. <\/p>\n

\u2022 Edgware is well located for commuters. Conveniently connected via Northern Line to central London, it is only 30 minutes away from London\u2019s financial district\u2019s Bank station.
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High growth area<\/div>\n

Edgware is a sought after location for commuters who prefer to live outside central London. Some of the locations in Edgware, such as Lake View, already command prices north of \u00a31 million. Edgware is also favoured by economic factors. Unemployment levels are as low as 2.6%, significantly below the national average of 5.1%, and the average household income is \u00a333,701, which is above average nationwide, as well as within the London Borough of Barnet.<\/p>\n

The Borough of Barnet already faces a substantial shortage in housing supply. According to ONS data, in 2014, there was a shortage of 849 houses in relation to households in the area. In 2015, this number was expected to climb to a house shortage of 2,700. With increasing population growth and a limited increase in housing stock in the foreseeable future, we expect this trend to continue, applying pressure on house prices to increase in Barnet and, in particular, in sought after areas like Edgware.<\/p>\n

Further, Edgware is a young area with 34% of population aged between 15 and 39, meaning that a large part of the population have not reached their peak earning potential yet. This should have a positive impact on house prices as well as rent, as this young population will eventually seek independent housing. <\/p>\n

An attractive place to live<\/div>\n

Edgware has an array of sought after primary and secondary schools. Five of Edgware\u2019s primary schools have outstanding Ofsted gradings, including the Annunciation Infant and Junior Catholic schools. There are also Jewish schools at both primary and secondary level in the area with impressive ratings. Other notable secondary schools include the London Academy and Canons High School.<\/p>\n

Edgware is seen as a \u2018capital\u2019 of the Borough of Barnet. It benefits from all the amenities of a large town, including an Edgware Community Hospital, a library, high street shops as well as the indoor Broadwalk Shopping Centre.<\/p>\n

Good education prospects and a vast range of facilities at hand makes this area a desirable location to live for young families. This should support strong demand for housing in the area – increasing house prices and rental values. <\/p>\n

A well-connected area <\/div>\n

Edgware is a well-connected area. Central London is conveniently accessible via the Northern Line. Bank station (the centre of London financial district) is just 30 minutes away, making Edgware an ideal location for professionals who prefer to commute to work. There are also trains to St Pancras Station from the nearby Mill Hill Station. For access to the rest of the UK, Edgware is close to M1 motorway as well as A1 and M25. <\/p>\n

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