Brent Area Guide

One of London’s most popular commuter boroughs, Brent is well connected with a high number of TFL managed stations - predominantly serving Jubilee, Metropolitan and Bakerloo lines - and overground services into Euston. The area is famed for being home to the iconic Wembley Stadium. Redevelopment of Wembley Stadium as a sport and concert venue has led to a wealth of new residential developments, retail outlets, and leisure facilities in the surrounding area.

Property market

£495k Average house price
£1,650 Average Rent, 2 Bed
5% Average yield
-2% Price growth over last 5 years
22% Price growth 5-years forecast
13% Rental growth over last 5 years
16% Rental growth 5-years forecast

Lifestyle

13 Number of ‘Outstanding’ primary schools
5 Number of ‘Outstanding’ secondary schools
445 Restaurants and cafes
1915 Number of shops
22% Proportion of open space
35 Number of stations
2 PTAL (Public Transport Accessibility Level)

Brent Council has an ambitious 10-year vision to develop the area with more shops, bars and restaurants planned, as the population increases. The area isn't short of green spaces including Queen’s Park - which centres around a stunning 30-acre oasis - as well as Fryent Country Park, and Gladstone and Roundwood parks closer into town.

This North West London borough is the most diverse local authority area in the UK.  Brent boasts over 149 languages, is home to Britain’s first authentic Hindu temple - the Swaminarayan Mandir, and regularly hosts a Dance Month Festival in celebration of its multicultural communities. With property in the area offering an attractive investment proposition, and a lively community enjoying diverse leisure facilities, it is no wonder Brent was crowned London’s happiest borough in 2020 by the Office for National Statistics.

 

Insights

 

  • Average house price 4% below London average
  • Average rent for a 2-bed flat is 8% lower than the London average
  • Predicted house price growth over the next 5 years is 22%, higher than London at 19%
  • Average rents are predicted to grow 16% over the next 5 years, higher than London at 14%
  • 27 restaurants and cafes per square mile, higher than the figure for London of 24.29
  • 115 shops per square mile, higher than the figure for London of 73.48

Wembley is the world's biggest covered football stadium, and State Cinema was the largest cinema in Europe at its time of opening in 1937.

Brent offers endless weekend activities such as Brent Reservoir which is perfect for long walks and watching the boats. Wembley boasts the very cool Boxpark for street food and bars. And then you have the Wembley Arena which hosts amazing concerts. It’s no wonder it has been selected as the Lord Mayor’s Borough of Culture 2020.

London boroughs

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)