Colindale and Hendon – North London’s growing investment hub

As the most dominant overseas homebuying community in the UK, Hong Kongers own nearly 26,000 properties across London. Many of these residences are located in the Northwest Borough of Barnet, with Hendon and Colindale among the favourites for the large diaspora that have made the UK capital their home.

From affordable housing to quick central London connectivity, peaceful parks and more, there are many reasons why families, students and working professionals are opting to live in the NW9 and NW4 postcodes. Located in the heart of North London and Barnet’s regeneration plan of delivering over 10,000 new homes, let’s find out what’s driving property demand and investments in these up-and-coming areas.

New and affordable housing

According to Rightmove, average property prices in Colindale and Hendon range between £450,000 to £480,000, much below the London average of nearly £687,000. Similarly, with average monthly rents between £1,500 to £1,800 for a one-bed apartment, residents can live comfortably just half an hour away from central London.

The transformation of the erstwhile Hendon Aerodrome, including the Grahame Park Estate, Brent Cross Cricklewood and other former housing estates have paved the way for brand-new developments. These new-build properties are developed by some of the biggest housebuilders, such as Berkeley, Barratt London and Redrow, and offer residents world-class lifestyle and amenities.

Our on-site branch at the 25-acre Beaufort Park by Berkeley is one of our busiest, with high sales and rental enquiry volumes. Silkstream, Colindale Gardens, Queensbury Square and Hendon Waterside are some of the other sought-after developments for homebuyers and Buy-to-Let (BTL) investors in these welcoming neighbourhoods.

Northern Line, Thameslink and excellent connectivity

Despite being in Zone 4, residents of Colindale and Hendon can get to their offices and universities in central London in just half an hour. Both neighbouring areas have Underground stations connected to the Edgware branch of the Northern Line, which is the busiest Tube line in London. While Euston is a 25-minute ride from Colindale Station, it takes almost the same time to reach the City via the Thameslink service from Hendon Train Station.

In addition to quick train journeys, commuters also benefit from abundant bus routes, including the Superloop (SL10) that ferry passengers between Harrow to North Finchley. For those taking the road, the A1 connects to central London while the A41 is useful to access the West Midlands.

Abundant nature and green spaces

As one of the city’s most populated Boroughs, Barnet has a generous cover of open spaces that appeal to people from different walks of life. While the Green Flag Awarded Hendon and Sunny Hill parks are popular attractions in NW4, Colindale Park and Silkstream Park along with Montrose Playing Fields in NW9 draw in many children with their skateboarding and other sports facilities. Fryent Country Park, Brent Reservoir and the Royal Airforce Museum are also some additional scenic public attractions nearby.

Quality education and shopping experiences

A collection of well-regarded schools has made these areas a favourite among families looking to put down roots in North London. The Hyde, Blessed Dominic, Hendon School and St Robert Southwell are some of the schools that have been rated ‘Outstanding’ by Ofsted. With a strength of over 15,000 students from across 150 nationalities, Middlesex University is the largest college campus in Hendon offering bachelor’s and master’s programmes across a variety of disciplines from business and healthcare to law and social sciences.

Shopping and cultural highlights

With over 120 retail stores and 30 dining options, Brent Cross Shopping Centre has served locals in these Northwest areas for nearly 50 years. It is still a prominent shopping landmark for beauty, fashion, electronics, jewellery and more. Sometimes referred to as ‘Little Hong Kong’, Colindale is much preferred by those relocating to London via the BNO Visa policy and has many Asian restaurants, businesses and other cultural influences.

Extensive regeneration along the A5 corridor has expanded the appeal of these areas with many new developments offering stylish homes and top-notch amenities to residents. With rental yields between 5.5% to 6%, early buyers in these growing investment hubs are enjoying healthy returns on their BTL investments. Our local estate and lettings branch at Beaufort Park has been extremely busy over the last few years with increased demand from investors, homebuyers and renters.

Benham and Reeves have been bringing the top property hotspots and investment opportunities in London for over six and a half decades. Our expert advice and investment guidance have helped thousands of local and overseas landlords maximise returns and helped homebuyers find homes that best suit their needs. Contact us to learn more about investing in London properties.