If you are looking for a city that has every size of home you can image, London is it. In the city you can find everything from studio apartments to huge mansions. This makes it a fantastic spot for people at every level of the property ladder. If you are trying to decide which spot to choose, it is worth considering where you can find the largest homes. We’ll have a look below, then you can come to us if you need help with property investment in Kingston upon Thames or other areas.
Family homes
Office for National Statistics (ONS) data from the census in 2021 provides a good picture of the housing in different parts of England and Wales. The census asked people to provide details about their household and the size of the property they live in. This information then helps organisations to plan for essential things such as funding for healthcare and education in different areas.
According to the last lot of data, Richmond upon Thames has the most big homes of any borough in London. It says that an impressive 28.6% of all properties have four bedrooms or more. As a result, it is a spot that families should consider.
A number of other areas had an impressive amount of large homes too. For example, Redbridge wasn’t too far behind with 27.6%. Bromley then took the third spot with 26.4%. Harrow was fourth with 26.2%. Barnet finished off the top five with 25.4%.
As an expert with experience of property investment in Kingston upon Thames, it was a shame to see the area narrowly miss out with 25.2%. However, there was quite a gap to Merton in 7th (22.4%).
Smaller properties
At the opposite end of the spectrum, some areas have very few large homes. Not surprisingly, the City of London had the lowest total. Just 3.8% of properties in the area have four bedrooms or more. A massive 53.4% have just one bedroom. However, this is understandable as the area has a premium on space so large homes are not as viable.
The top three areas for lowest number of four bedroom homes also includes Tower Hamlets (8.6%) and Westminster (8.8%). Then the top five had two areas that both had over 10%, Barking and Dagenham (10.3%) and Islington (10.6%).
Trends
Whether you are thinking about property investment in Kingston upon Thames or other areas, it is important to look at the trends for home sizes. Generally you will find more homes with fewer bedrooms in Inner London. Again this is largely because space is at a premium.
On the other hand, generally speaking you will find more large homes the further you get from the city centre. You tend to also find more properties in this part of London with gardens and external space.
Interestingly, south west London has the pocket of locations where you can find the highest number of big homes. There are some wards in Richmond upon Thames were close to 60% of properties are four bedroom or more. It is rare to see such density in locations.
Thinking about property investment in Kingston upon Thames?
Finefair Ltd has all the skills we need to assist clients with property investments. In fact, we manage millions of pounds of assets. The services are dynamic to suit any needs. They can include reviewing portfolios, suggestions for expansion, management, guaranteed rent, and more.
If you would like to talk to us about property investment in Kingston upon Thames or other parts of London, please get in touch. We can work with investors who target large family homes, apartments, and anything in between.
