According to housesforsaletorent.co.uk, the average monthly rent for a Wembley property is £2331. This is significantly more expensive than the UK average rent of £1262, as stated by the HomeLet Rental Index.
Wembley rent is climbing fast, and last year, it was reported by The Standard that it came in second place for the strongest annual price growth in London, with an increase of 30%. This rapid increase in rent is due to the undersupply of available rental properties, which cannot keep up with the high rental demand in the area. Without any big push to address this imbalance, the rental costs in the area will likely keep rising.
Wembley is located in Transport for London’s Zone 4, meaning it is not as central as some other London suburbs, but it is well-located for those who work in inner London but want to live somewhere quieter and cheaper. This means there will be demand from young professionals more likely to rent instead of buy.
Wembley is close to several top universities in London, such as the University of Westminster, meaning some student accommodation is situated there. Those who invest in Wembley may also have a chance to target student renters as a buy-to-let strategy.
There is also a chance to let out a property short-term, as many visitors will stay in the area for sporting or music events.
