Mill Hill offers some of the best rental opportunities in North London. Dominated by quiet, tree-lined streets, this London suburb offers a wide range of rental properties with great transport links to central London.
Mill Hill is split into 3 distinct areas – the quiet streets of Mill Hill Village, Mill Hill East and the bustling Mill Hill Broadway with its selection of fine restaurants and bars. All areas are very green, with lots of exciting new developments and excellent schools.
If you are looking to rent a property in Mill Hill or are considering investing in a buy-to-let property, our guide will help you learn more about Mill Hill’s rental market.
A market overview
The rental market continues to flourish in Mill Hill. In fact, Mill Hill is showing the same trend as many other areas of London that younger people are more likely to rent rather than buy.
Professionals and families looking to rent in Mill Hill can choose from a mix of stunning properties. You can find Georgian houses and semi-detached properties with large gardens and open spaces. There are mansions built in the 1920s that offer a more luxurious style of living or there is a wide selection of townhouses and flats close to transport links.
Even though the introduction of stamp duty had an initial impact on buy-to-let properties, many investors still view these types of properties as sound investments. The NW7 postcode of Mill Hill automatically attracts a wide range of people looking for rental accommodation.
Main rental property types in Mill Hill
The most sought-after type of properties for rent in Mill Hill are 1 and 2 bedroom flats close to Mill Hill East tube station or Mill Hill Broadway railway station. However, there is also a large market for families looking to rent 3 and 4 bedroom houses.
Even though rental prices in Mill Hill have increased over the past few years, it is still possible to find well-appointed 1 or 2 bedroom flats starting at £265 per week.
On average the cost of renting properties in Mill Hill is as follows (per calendar month):
Flats
• 1 bedroom - £1150 – £1400
• 2 bedrooms- £1250 – £1600
• 3 bedrooms- £1450 – £2000
Houses
• 2 bedrooms - £1400 – £1600
• 3 bedrooms - £1800 – £2100
• 4 bedrooms - £2500 +
Of course there are many options within these price ranges to suit the rental needs of any prospective tenant.
The best areas in Mill Hill
Mill Hill is one of the more affluent suburbs of London and there are various types of rental properties to meet most budgets.
If you need to be close to public transport then Mill Hill Broadway offers reasonably priced accommodation. The Broadway is perfect for many young professionals and couples who enjoy being close to shops, restaurants, and cafes. The commute to London is around 20 minutes.
Mill Hill East together with Mill Hill Village is a quieter part of the suburb and is dominated by 1930’s semi-detached houses and country-style cottages. Many families choose this part of Mill Hill because of the Tube station and excellent access to state and private schools. You are also a short drive away from the rural countryside, however, close enough to commute to London.