Over the past two decades, Wembley has seen a lot of changes. It is home to the largest capacity stadium in the UK, the Wembley stadium, originally built in 1923 and demolished in 2003 for the new and improved £798 million stadium.
Wembley is a sports lovers’ dream, but the area has a vibrant community, incredible properties, and amenities that attract families and young workers. Wembley is an urban area, but the green spaces available for public use are not scarce. Investors and renters can get modern amenities and still enjoy tranquility within the same area.
Most of the properties in Wembley were developed during the Metropolitan line growth of the 1930s. As such, older properties are large detached and semi-detached properties that were popular during that era. For people with a more contemporary taste, new build property is available in Wembley. Wembley Park’s regeneration brought about new developments close to the stadium with affordable and modern flats and apartments in zones two and three.
Property Prices
The average price for a house in Wembley is £542,483. While asking prices have changed by -0.9% in the last six months, there is an increased demand for housing in Wembley. The working population is attracted to the area because of the transport links, robust entertainment scene, and relatively affordable rent prices.
The average rental yield for residential property in Wembley HA9 is 5.38% which is significantly high compared to the average rental yield in the UK (set at 4.71%) in 2022. Investors can easily make returns on their investment with the increasing demand for housing as people move back to their offices and seek residence in urban areas like Wembley.
Why Wembley is suitable for Hong Kong Investors
Transport
The Crossrail is fast and efficient, so London is just a few minutes away. It operates from several stations, which makes it easier for residents and visitors to commute to major cities in the UK. Other reliable means of transport are available, such as buses, taxis, and trams. In the near future, the West London Orbital Line will be available to connect Wembley residents to other major cities via Neasden Station.
Education
100% of schools within one mile of Wembley HA9 are rated excellent or Outstanding on the Ofsted ranking. Prestigious state and private schools in the Wembley area accommodate international students. These schools make the Wembley area desirable to families who tend to stay there for long periods.
Safety
As a major sporting destination with new regeneration projects underway, the Wembley area has a low crime rate rated 3 out of 10. For investors and residents in the Wembley area, safety is enforced by police and private security.
The bottom line when investing in property in the Wembley area is that new build properties are in high demand, and the regeneration projects in the area will fill the gap between supply and demand. Investors can take advantage of these opportunities in order to secure financial returns in the near future.