Vincent Square, Westminster: Westminster 020D

What proportion of residents living here own their own home?

Westminster 020D sits within the Vincent Square ward under the local district authority of Westminster. The roads that make up this catchment are listed at the bottom of this page.

Owner occupied
21.2%
Socially rented
43.1%

Homeownership and rentals

This shows the breakdown of who owns and who rents their homes in the area and is compared against the regional average across London.

This area has a higher proportion of households that are living rent free, standing at 4.0%.

"Owned by the occupant" includes those who both have bought their home and fully paid off their mortgage, as well as those who have bought their home and still have a mortgage/loan outstanding against it.

A high population of young adults can lead to higher private rented accomodation since they may still be saving up for a deposit on their first home.

21.2% of people living here own their own home - this is 27.0% fewer people than the average for London.

The remaining 78.8% of people rent their home (this includes those that live rent free, for example adult children who been bought a home by their parents).

Out of those that rent, 31.2% rent from private landlords, 43.1% rent from social landlords (i.e. the local council and charities) and 4.0% live rent free.

Socially rented housing makes up 43.1% of the households in this area, which is 19.1% more than the regional average.

Home ownership Proportion of homes Compared to the wider region
Owned by the occupant 21.2% 56%
Privately rented 31.2% 24%
Socially rented 43.1% 79%
Living rent free 4.0% 208%

Detailed breakdown of household tenure

The chart below shows the breakdown of residents who have paid off their mortgage, those that are still paying a mortgage, as well as those who are renting and whether that is with a private landlord or through a social housing body.

Older residents are more likely to have paid off their mortgage whilst a high student population can lead to a higher proportion of households being rented.

A property is regarded as owned outright if the owner occupier has paid off their mortgage in full. Social housing is provided to those who most need it by local authorities and charities.

13.6% of people living here have paid off their mortgage completely - this is significantly lower than the wider regional average, which stands at 21.1%.

A lower proportion of home owners who have paid off their mortgage in full can signify a younger or poorer population.

7.7% of people living here still have a mortgage outstanding against their home - this is significantly lower than the regional average, which stands at 27.1%.

Home ownership Proportion of homes Compared to the wider region
Owned outright 13.6% 36%
Owned with a mortgage 7.7% 72%
Privately rented 31.2% 24%
Shared ownership 0.4% 69%
Socially rented from council 3.6% 73%
Socially rented (not from council) 39.5% 273%

Other areas within Vincent Square, Westminster