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Hampstead Area Guide

Average 3 bedroom flat price

£1,158,8472

London Underground Zone

2

Population

11,2701

Points of interest

Keats House Hampstead Heath Hampstead High Street The Village Streets The Spaniard’s Inn The Flask Walk

Other area guides

Hackney

Soho

Notting Hill

Fitzrovia

Hampstead

Kensington and Chelsea

Westminster

Camden

Barnet

Investor guides

Hampstead is an incredibly affluent area – one that attracts high-brow individuals in the art, fashion and architectural sectors. It is packed with local, independent retailers, while there is a distinct lack of chain shops and restaurants. This makes it a very unique place to live. Approximately 11,270 people live in Hampstead, according to the 2011 census.1

Geography – What area does Hampstead cover?

Hampstead is located in the London Borough of Camden, in the north-west region of inner London.

Well-known areas of Hampstead include Belsize, Gospel Oak, Swiss Cottage and Vale of Heath. It is a relatively small town, based around four miles north-west of Charing Cross, one of the main areas of Westminster.

Housing

The average cost of a home in Hampstead (as of September 2016) is approximately £1,153,561.2

However, this is an average based on house and flat prices. When you look at them individually, housing prices average £2,418,329, and flat prices £874,568.2

Residents can expect to pay anything between £235,000 and £7,000,000 for a home in Hampstead.2

Please note these figures are taken from Foxtons, which is regularly updated to reflect the current average pricing. As such, the above figures may be a little inaccurate. Click the link in our Sources section for the most up to date information or contact us directly to discuss the latest property investment opportunities in Hampstead.

As you would expect, these figures are higher than the England & Wales average, which is displayed below:

Type of HouseAverage Cost – England & Wales (July 2016)
Flat£215,170
House£244,951*

The above statistics were found using the Land Registry app. To use, simply click ‘search the UK house price index’, then click ‘customise your search’ and then ‘local authorities. Type a UK area into the search bar (in this case ‘Hampstead’), select ‘Change property types and report options’.
*This figure was determined by averaging the average cost of detached, semi-detached and terraced houses.
Council tax rates for Hampstead are determined by Camden Council, and are as follows:

ABCDEFGH
£906£1,057£1,208£1,359£1,661£1,963£2,265£2,718

*Rates shown are for 2016/17

Unlike other areas of London, Hampstead does not benefit from cheaper council tax to offset high housing prices.

As of 2015, the average monthly payment of a mortgage repayment in the area was £1,026.

The people

The largest age group in Hampstead is 30-39 year olds, making up 21.7 percent of the population (according to Rentonomy)10. Approximately 11 percent of the non-UK-born individuals currently living in Hampstead are from the United States, while another six percent originate from Germany.

As mentioned, Hampstead is an incredibly affluent part of the UK. 63% of residents earn money than the national average, while the average turnover for local small businesses is 55% higher.

Schools

Schools in the area are generally considered to be very good. There are a number of primary and secondary schools for residents to send their children to, as well as a number of colleges. However, there are no universities in the centre of Hampstead – with the closest being University of London Central School of Speech and Drama, in the south of the area. For more information about schools in Hampstead, visit this website.

Things to do in Hampstead

Hampstead is a beautiful place, with plenty of sights to see. A few of our favourites include the following:

Keats House – The former home of John Keats, famed poet of the 19th century. His house today acts as a museum of his life, with exhibits that include interesting manuscripts and artefacts.4

Hampstead Heath – In the summer, there’s nothing better than visiting the outdoor swimming areas in Hampstead Heath, and refreshing yourself in the water. There are separate ponds for men and women, as well as a mixed pond.5

Hampstead High Street – Hampstead is also home to a thriving high street, where shoppers can treat themselves to fashion stores, café-delis, and gastro pubs. For the affluent residents who live here, Hampstead High Street has a bit of everything. 6

The Village Streets – Hampstead is a charming place to explore – with skinny backstreets and crooked paths giving it an almost village-like atmosphere. It’s the perfect feature for residents who prefer a stroll on the weekend. 7

The Spaniard’s Inn – One of the oldest pubs in all of London. The Spaniard’s Inn serves delicious food, with each dish matched to a different beer on the menu, for the best dining experience. Of course, there are more pubs in the area to enjoy, too – like The Freemasons Arms, King William IV, and The Holly Bush.8

The Flask Walk – A pedestrian-only area decorated with vintage florists, tea rooms, and pubs – takes you back in time. The Flask Walk is just around the corner from Hampstead Tube station, meaning visitors from across London often spend the day here, too.9

Transport

The Tube station in Hampstead (which happens to be the deepest station on the Underground, at 192 feet below ground level) is on the Northern Line, which can get you to Leicester Square in just 17 minutes. In addition, there are a number of bus routes to help you get around, but it will take you a little longer if you’re travelling into the centre of London.
Driving is not favourable in the area, as Hampstead has limited street parking and is very pedestrianised place in general. However, you can access the A406 North Circular Road from the north of Hampstead, leading you onto the M1 motorway.

Sources

  1. http://hampstead-town.localstats.co.uk/census-demographics/england/london/camden/hampstead-town
  2. http://www.foxtons.co.uk/living-in/hampstead/house-prices/
  3. https://www.kfh.co.uk/north-west-london/camden-london-borough/council-tax
  4. https://www.cityoflondon.gov.uk/things-to-do/keats-house/Pages/default.aspx
  5. http://www.visitlondon.com/things-to-do/place/607535-hampstead-heath#XpetZXEmsUqGhKP4.97
  6. http://www.coolplaces.co.uk/places/uk/england/london/3059-hampstead-high-street
  7. http://www.visitlondon.com/things-to-do/london-areas/hampstead/reasons-to-visit-hampstead#Owr0eDP6grwXyYdm.97
  8. https://www.thespaniardshampstead.co.uk/
  9. http://www.coolplaces.co.uk/places/uk/england/london/hampstead/3062-flask-walk
  10. http://www.rentonomy.com/london-areas/hampstead

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2017-08-23T12:20:39+00:00