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Lettings November 29, 2020

Hackney Rental Market – Something For Everyone

While there has been considerable focus on the property market in recent months, the rental market is still crucial for so many people.

The stamp duty holiday has helped many people justify looking for new property. When you have a chance to save up to £15,000 when buying a new home, it is natural people will consider their options.

However, not everyone can afford to buy at the moment, and not every tenant is looking to buy a home. We know there is a strong level of demand for rental property in and around Hackney, and this shouldn’t be a surprise.

Hackney has long been regarded as a cool location, and there are many exciting aspects close to home that draws people to this part of London.

Who is Hackney for?

One of the best things about Hackney is that it covers enough of an area to ensure there is something for everyone.

If you look at the areas defined as London Fields and Victoria Park Village, there is a strong family atmosphere. Anyone who is looking to stay in the area for a long time and ensure their family has a stable base to grow and develop, you’ll find these areas are ideal.

While these areas are more commonly associated with first-time buyers, it is important to note the rental landscape has changed. Many people, couples and families expect to rent for much longer in life, if not for their entire life.

This means they are looking for rental property in a family-orientated area where they can stay for some time.

Any landlord who is looking for a tenant who is prepared to stay in the rental property for a number of years, will find London Fields and Victoria Park Village to be of benefit.

However, when it comes to the more traditional rental market, the vibrancy and excitement of Hackney Central is likely to appeal to tenants.

Make the most out of life in Hackney

This is an area where there is a lot going on, and it naturally appeals to young adults looking to make the most of life on their doorstep.

Whether you are a tenant or a landlord, you should find Hackney is an excellent location, and we can assist you with your next move in the local area.

According to the website, the Average property rent in Hackney is £1,764 pcm. The vast majority of rental property in Hackney falls in the £1,000 to £2,000 per calendar month bracket. One-bedroom and two-bedroom properties make up the majority of the Hackney rental market; and flats significantly outweigh the number of houses or rooms which are available for rent in this part of London.

These are challenging times in the rental market, but there is activity and demand for homes. At Sovereign House, we are keen to help you with whatever you need in the Hackney lettings market. Why not call us on 020 8985 5800 or visit us at 213 Victoria Park Road, we look forward to assisting you with your property needs.

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Hackney Rental Market – Something For Everyone