What is it like buying a house in Battersea?

by | Nov 15, 2022

Home $ House for sale in the UK $ What is it like buying a house in Battersea?

As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Battersea. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Battersea to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Battersea will be revealed. Keep reading.

In Battersea, what is the asking price in general for a house for sale?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Battersea determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £1,064,257.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Battersea.

Table showing the asking prices for houses for sale in Battersea

Average asking price (1 bed) £603,686
Average asking price (2 bed) £999,122
Average asking price (3 bed) £1,708,573
Average asking price (4 bed) £2,617,650
Average asking price (5 bed) £4,114,615

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£11,373) for houses for sale with this table to get a good idea as to whether Battersea is the right area to buy a house in for you.

What kind of demographics does the city of Battersea have?

Are the deprivation levels of the UK any different to Battersea?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Battersea is 24%.

In Battersea, what is the social grade score?

In the city of Battersea, the social grade score of the area is 39%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Battersea.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

In the city of Battersea, has the population grown or shrunk?

Population growth in Battersea is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Battersea, 157,939 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Battersea in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Battersea, this change has been 5%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Battersea?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 12% in Battersea.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

How much do people in Battersea earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £58,733.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Battersea this figure is 39%.

In the city of Battersea, how much green space remains for residents?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Battersea, 5.0 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Battersea.

Is the crime rate bad in the city of Battersea?

For the city of Battersea, crime rate is at 179. So for every 1000 people in the area, 179 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

The city of Battersea, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Battersea and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Battersea. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How educated are the people in Battersea?

In the city of Battersea, 50% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Battersea is £58,733.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What is the final sale price of a house in Battersea?

In Battersea, the average sale price of a house for sale is in fact £847,996. This is dependent on the 10 year population growth of Battersea being 12%. Growing populations are more likely to inflate the prices of houses for sale in the city of Battersea.

Housing category Total final sale price
Aerage sold price (detached) £2,278,854
Aerage sold price (semi-detached) £1,309,344
Aerage sold price (terraced) £1,722,739
Aerage sold price (flat) £781,342

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Battersea.

Housing category Sale price per square foot
Aerage sold price/sqft £9,820
Aerage sold price/sqft (new build) £12,473
Aerage sold price/sqft (old stock) £9,560

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £10,597. This means if you are just looking out the houses sold in Battersea in general and didn’t take into consideration the type of build. For example, a new build.

In Battersea, what are the rental yields?

Are there more or fewer houses being built in Battersea?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Battersea that shows the growth in recent years.

1 year 3 years 5 years
Battersea growth rate 5% -5% -8%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Battersea is important.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Battersea to London and the broader suburb of the UK; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Battersea 3.9% £3,406 124% 3.7%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

Let’s assume you want to sell the house you’re looking to buy in Battersea for profit in the future, in this case, looking at the data for the number of houses sold per month in Battersea would give you an idea of whether the area is actively getting new investors. This figure is 117.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Battersea. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.