Haringey Property Investment Guide

Affluent, entrepreneurial & on the up

Situated in north London, Haringey borough covers an area of more than 11 square miles. It includes Crouch End, Finsbury Park, Highgate, Muswell Hill, Northumberland Park, Seven Sisters, Tottenham, Wood Green and more. Some familiar local landmarks include Alexandra Palace, Bruce Castle, Jacksons Lane Highpoint I and II and Tottenham Hotspur FC. S

Haringey is a culturally diverse and fast-changing borough, with a population of 263,386 according to the 2013 ONS. The population is the fifth most ethnically diverse in the country. It has the fastest growing sector in age groups from 30-34 and 45-49, while the number of people aged 65-69 and over 85 is decreasing. A newly opened fashion academy in Haringey is at the heart of innovation in the area will create thousands of skilled training places. The Fashion Technology Academy will see nearly 3,000 people given the opportunity to earn NVQ qualifications in a tri-part enterprise between Haringey Council, award-winning social enterprise Fashion Enter and online retailer ASOS. The council has invested nearly £570,000 to overhaul an industrial unit following the success of a pilot scheme, which launched two years ago and has trained 50 apprentices, to expand and meet its potential. It is expected that by 2019 it will support 1,620 training places per year. It will help more people follow in the footsteps of graduates who set up their own businesses or found work at firms like ASOS and Marks  Spencer. Property prices in Haringey are above the London average price. It is the tenth most expensive borough to live in. However, it does contain areas in the west such as Highgate, Muswell Hill and Crouch End that are among the most prosperous in the country, creating an artificially high average.

46% of properties are owner-occupied, 17.4% are council rented with 10.8% rented from a registered social landlord. 24% are rented from private landlords, making the area a good consideration for buy-to-let property investors. That means Haringey property investment is ideal for you if you’re looking for a London regeneration area.

Economy & Employment

The major employers in Haringey are the health & education sectors.

The main sectors of employment in Haringey are; health, social work and education 31.8%, retail and wholesale distribution 19.9% real estate, renting and business activities 15.3%.

In 2006, there were 8,200 businesses in Haringey employing a total of 64,700 people. This accounted for 1.6% of all employment in London. Small businesses account for 39.3% of total employment in the borough. Tottenham’s Strategic Regeneration Framework (SRF) is set to deliver improved access to jobs and business opportunities, creating a strong community, with better caring for the place and delivering improved public realm. A new stadium/leisure destination and a comprehensive estate regeneration and housing renewal programme are included. with Tottenham Hale building on the delivery of a new station and a range of mixed-use developments. By 2025, there will be around 10,000 new high-quality homes, over 5,000 new jobs created or accessed with 1 million sq ft of employment and commercial space added.

Investment

The regeneration of Tottenham is at the forefront of investment.

Ambitious regeneration plans for Tottenham are already underway, with schemes tackling local people’s priorities of more job opportunities, better housing and improved transport links.

By 2025, Haringey Council’s plans – backed at all levels of government – aim to bring more than 5,000 jobs and 10,000 new homes, as well as nearly 1million sq ft of new employment space. Issues being addressed are improving healthcare facilities, education and training, including new schools, providing better access to apprenticeships and university placements. Access to jobs and business opportunities, attracting major investment encouraging local business growth are also high on the agenda.

Improving existing homes and building new, high-quality homes to meet demand. With better transport links, continuing to improve rail, tube and bus links, including making the case for Crossrail 2, as well as opening up Tottenham to more walking and cycling routes. Putting Tottenham’s character and heritage first, creating better public spaces to meet, shop and have fun. Building partnerships and securing money to achieve these priorities with a focus on high-quality design is the priority.

Transport

Air: City Airport is the nearest to Haringey being 17 miles away and Heathrow Airport is just 22 miles away. Both are easily accessible by several means of transport.

Rail: There are 16 National Rail, London Overground and London Underground stations in the borough. Providing comprehensive services throughout London City and the surrounding boroughs.

Road: Haringey nestles between the A1 and A10 to the west and east respectively and the A406 and the A503 north and south respectively.

Bus: A comprehensive bus service runs throughout Haringey, catering for both local area services and further afield into the city.

Education

Haringey has 63 primary (including infant and junior) schools, 10 secondary schools, a City Academy, 4 special schools and a pupil support centre.

The borough runs an awards ceremony yearly, to celebrate educational success in Haringey. Held at Alexandra Palace on 9 December to recognise those students, teachers, schools and groups who have performed outstandingly and made Haringey proud.

Supporting Sustainability Award
For a school or project which is successfully meeting the challenge of educating responsible citizens including a commitment to healthy living, environmental awareness and community involvement and citizenship. The winner was Parents Integration Through Partnership Project.

Community Organisation Award
For a community organisation with links to a Haringey school, that has made an outstanding contribution to the development and ongoing success of the school. The winner was Age UK Haringey. The Councilor EganLifetime 

Achievement Award
Recognising the exceptional leadership of an individual in the field of education in Haringey. The winner was Kenneth Henry, The Octagon AP Academy.

Shops & Leisure

Shopping & Dining: Shopaholics beware, there is an exciting range of shops Haringey; Wood Green, Haringey’s main shopping area consists of a long stretch of shops from Wood Green to Turnpike Lane tube station. Shopping City spans two floors of shops, combined with eateries, an indoor market hall and other facilities. Upmarket Highgate is known for its antiques, galleries and specialist shops and Tottenham High Road has the usual mix of large chain stores and smaller independent shops. Muswell Hill and Crouch End house the boutiques and gift shops, with Green Lanes supplying the boroughs exotic foods from worldwide countries.

Sport & Culture: Haringey caters for a huge variety of interests through its pubs, clubs, cinemas, theatres, museums and galleries. Try Alexandra Palace, Bruce Castle Museum, Berni Grant Arts Centre or learn circus skills at Jacksons Lane For sporting events Premier League football team, Tottenham Hotspur, have their grounds in White Hart Lane.

Green Spaces: Haringey has 600 acres of parks, recreation grounds and open spaces which make up more than 25% of its total area. Local Nature Reserves and a number of conservation areas can be found in the borough. Haringey is also home to five ancient woods and it has achieved Green Flag status for eight of its parks, the highest number awarded to any London borough.

 

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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