Author : Mitch Hammond
Historically, Wembley was a small village in the countryside. Located in North West London, Wembley has many Victorian homes of modest sizes, and it hardly seemed like a place that could host the most iconic sporting and music events.
The building of the world-famous Wembley Stadium changed Wembley forever. Now, Wembley has developed into a hotspot investment zone for several reasons.
In March 2016, Quintain launched the UK's largest-ever Build to Rent scheme. Quintain promised to deliver 5,000 homes in the area. A new town hall and the impressive London Designer Outlet soon followed. Wembley continued to impact the world with several new developments, including Union Park.
Why rent in Wembley?
Wembley has lots to offer to those looking to rent apartments. The average price for renting a decent property in Wembley is around £1,650 per month. There are properties of various types, styles, and sizes, catering to a wide range of renters and buyers. Many young professionals are not yet financially stable to invest in property yet. That explains the premium cost of rentals in Wembley.
You can rent elegant terraced and semi-detached homes built in the 1930s along the Metropolitan Line. These properties are ideal for families with children as it suits their growing needs. There are also many established primary and secondary schools.
Why live in Wembley?
Many people do not consider Wembley the most obvious place to live. They believe Wembley has commuting issues and will probably not meet their lifestyle expectations. But you will be surprised at what you see and experience. Undoubtedly, Wembley is relatively far north. However, Paddington Station and Marylebone Station are both commutable within 45 minutes. Due to the urban regeneration, there is competition among developers to get people to stay in these homes.
The new generation is moving into Wembley, and they find the location attractive and way beyond their expectations. In addition to Wembley Park, BOXPARK Wembley is a social space for young professionals. The London Designer Outlet is also within walking distance from Wembley Stadium. Although there are several established Build to Rent developments in Wembley, demand will continue to exceed supply. An average studio will cost around £1,600, with larger ones costing substantially more.
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Ian Barber MD BTR Mobilisation & Leasing
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Jon Curtis MRICS Head of Building Engineering
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Kate Robinson MIRPM MD Blocks/FM Management (London Region)
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Lee Harle Partner Ringley Law
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Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
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Nichola Pughe MRICS Head of Residential Valuation
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Libby Chen MSc Compliance Manager
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