Wembley Property Owners Reap £12,732 Yearly Gains Since 2001

As we are now nicely into 2024, it's certain the Wembley housing market over the last 18 months has been a little more restrained than 2020, 2021 and early 2022, and I believe that the ‘steady as she goes’ outlook will continue into the rest of 2024 and beyond.

Wembley Property Owners Reap £12,732 Yearly Gains Since 2001
As property ownership is a medium to long-term investment, it is important to see what has happened to Wembley house prices.


Since the start of the Millennium (Jan 2001), the average Wembley homeowner has seen their property’s value rise by an average of 213%.

This is important as house prices are a national obsession and tied into the health of the UK economy as a whole. Most of that gain has come from the overall growth in Wembley property values, while some of it will have been enhanced by extending, modernising or developing their Wembley home.

Taking a look at the different types of property in Wembley and the profit made by each type, it makes interesting reading:

· Overall Average For All Homes in Wembley. The average price of all homes in Wembley in 2001 was £139,314. Now it's 2024, it has risen to £432,161. This is a total profit of £292,847 (which is £12,732 profit per year per home or an annual growth of 9.3% per year).

· Apartments in Wembley. The average price of an apartment in Wembley in 2001 was £116,160. Now it's 2024, it has risen to £329,061. This is a total profit of £212,901 (which is £9,257 profit per year per home or an annual growth of 8.0% per year).

· Terraced/Town Houses in Wembley. The average price of a terraced/town house in Wembley in 2001 was £136,174. Now it's 2024, it has risen to £500,390. This is a total profit of £364,216 (which is £15,835 profit per year per home or an annual growth of 11.7% per year).

· Semi-Detached Homes in Wembley. The average price of a semi-detached home in Wembley in 2001 was £166,990. Now it's 2024, it has risen to £670,213. This is a total profit of £503,223 (which is £21,879 profit per year per home or an annual growth of 13.1% per year).

· Detached Homes in Wembley. The average price of a detached home in Wembley in 2001 was £177,129. Now it's 2024, it has risen to £777,629. This is a total profit of £600,500 (which is £26,109 profit per year per home or an annual growth of 14.7% per year).

However, we can’t forget there has been 79% inflation over those 23 years, which eats into the ‘real’ value (or true spending power of that profit) … so if we take into account inflation since 2001, the true ‘spending power’ of that profit has been lower.

· Overall Average For All Homes in Wembley. The total 'real profit' (i.e., after inflation has been removed) for the average Wembley home is £162,964 for the last 23 years. This equates to £7,086 'real' profit per annum.
· Wembley Apartments. The total 'real profit' (i.e., after inflation has been removed) for the average Wembley apartment is £118,476 for the last 23 years. This equates to £5,151 'real' profit per annum.
· Wembley Terraced/Town Houses. The total 'real profit' (i.e., after inflation has been removed) for the average Wembley terraced/town house is £202,680 for the last 23 years. This equates to £8,812'real' profit per annum.
· Wembley Semi-Detached Homes. The total 'real profit' (i.e., after inflation has been removed) for the average Wembley semi-detached home is £280,035 for the last 23 years. This equates to £12,176 'real' profit per annum.
· Wembley Detached Homes. The total 'real profit' (i.e., after inflation has been removed) for the average Wembley detached home is £334,168 for the last 23 years. This equates to £14,529 'real' profit per annum.



Thus, the annual profit for an average Wembley home,
adjusted for inflation, stands at £7,086.

I wanted to illustrate that despite the 2008/09 Credit Crunch property market crash, which saw Wembley property values plummet by 15% to 20% over 18 months, homeowners in Wembley have still fared better over the long term than those renting.

Looking ahead, a common question I get asked is about the future trajectory of the Wembley property market.

The primary influence on maintaining house price growth in Wembley over the medium to long term will be the construction of new homes locally and nationally. Although we have yet to get the figures for 2023, government sources indicate that the number of new households is expected to be between 210,000 and 220,000. Considering the annual need is for 300,000 new households to meet demands arising from factors such as immigration, increased life expectancy, higher divorce rates, and later cohabitation, it’s clear that demand will continue to outstrip supply unless the government heavily invests in building council houses.

This can only be good news for Wembley homeowners.

What about Wembley landlords, though?

Even though the number of landlords liquidating their property portfolios has increased in the last couple of years and the number of landlords buying is lower than in the 2000s and 2010s, there is still net growth in the size of the private rented sector each year. This is all despite facing higher taxes. The simple fact is many Wembley landlords remain keen on expanding their portfolios in the long term.

The younger generation in Wembley views renting as a choice that offers flexibility and alternatives that homeownership does not provide. This means that demand for rentals will keep growing, allowing landlords to enjoy rising rents and capital appreciation. However, Wembley buy-to-let landlords must adopt more thoughtful strategies to maintain profitable returns from their investments.

As a Wembley buy-to-let landlord, the question for you is how to ensure this growth continues.
Since the 1990s, generating profits from buy-to-let property investments was straightforward. Moving forward, with changes in the tax laws and the balance of power, achieving similar returns will be more effortful. Over the past decade, I've observed the evolution of agents from mere rent collectors to strategic portfolio managers. I, along with a select few agents in Wembley, am adept at providing comprehensive, strategic portfolio leadership. This service offers a structured overview of your investment goals across short, medium and long-term horizons, focusing on your expected returns, yields and capital growth. If you seek such advice, feel free to contact your current agent or me directly at no cost or obligation.















Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Latest Properties

Spacious 3 Bedroom House with extended family home and off-street parking in Monks Park, Wembley.

Guide Price

£590,000

3 Beds2 Baths2 Receptions
monks park, wembley

three bedroom semi detached house

extended family home

close to oakington manor primary school

Spacious 4-Bedroom Detached House with Garage, Sauna, and Ample Parking in Wembley

Guide Price

£1,300,000

4 Beds2 Baths3 Receptions
harrowdene road, wembley

large four bedroom house

off street parking for multiple cars

garage

Modern 3 Bedroom Terrace House in Sudbury Town Wembley - Move in Ready!

Guide Price

£600,000

3 Beds2 Baths2 Receptions
Central Road Wembley Middlesex HA0 2LJ

Beautifully Presented Modern 3 Bedroom Extended Terrace House Which is Move in Ready

Bright and Spacious Front Reception Room

Contemporary Open Plan Reception Kitchen Diner at the Rear With Access to the Rear Garden

Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

Meet All The Team

Latest News on the Renters’ Rights Bill

The Renters’ Rights Bill has just passed its latest stage in the House of Commons. Here, we’ll look at what happened and at what it could mean for landlords, tenants and anyone considering selling their rental property investments.

Three Ways Trump Could Influence the Wembley Property Market

Next Monday (January 20th), Donald Trump will be inaugurated as President of the United States of America for the second time. And whether you love or loathe him, there's no escaping from the fact that he's one of the world's most powerful person (again).

Energy Bills in 2025: A Guide for Wembley Landlords

With household heating costs still a key concern, here are some tips for landlords on managing tenant energy bills.