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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.
Get professional help on the houses for sale in Battersea
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
In Battersea, what are the demographics like?
Is the education level of Battersea important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 50%. The ability to buy a home is greatly influenced by the number of people who have degrees. £58,733.33 is the amount people in Battersea are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Battersea, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
How much do people in Battersea earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£58,733.33 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 39% for Battersea.
What’s crime like in Battersea?
For every one thousand people living in Battersea, 17867% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 17867% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Is the city of Battersea deprived?
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 £0.
What is the city of Battersea’s social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Battersea in grades A or B which are the highest skilled roles in the country is 39%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £58,733.33 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 39%.
Is there sufficient green space in Battersea?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Battersea, the city has 5 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Battersea.
Battersea within London is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Battersea will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Battersea.
Have the people of Battersea grown in numbers?
The city of Battersea has a total population of 157939. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Battersea is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Battersea
Over time, in the last five years, the population of the city of Battersea has changed by 5%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 5% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Battersea?
In the last 10 years, there has been a shift in the population of 12%.
Comparing this to the 5 year figure of Battersea can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Finding the ideal house for sale for you
When browsing houses for sale in Battersea you should think about lots of different criteria:
- House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
- Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
- House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
- Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
- energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
- Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
- Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
- Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
- Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
In Battersea, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Battersea, the average price asked by the homeowners works out to be £1,064,257.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Battersea is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Average prices for the 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.
In Battersea, what are the rental yields?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Battersea this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside London then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Battersea.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
---|---|---|---|---|
Battersea | £0 | £3,406 | £1 | £0 |
London | 3.96% | £2,001.05 | 129.93% | 12.05% |
Greater London | 0.04 | 1,898.58 | £1 | 13.30% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Battersea.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (32) will be useful.
Are there new houses being built in Battersea to make it grow?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Battersea at 1 year, 3 year and 5 year intervals:
1 year | 3 years | 5 years | |
---|---|---|---|
Battersea growth rate | 5% | -5% | -8% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Battersea gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Battersea.
Are you considering other cities with houses for sale?
If you are looking for similar places to buy a house that are just like Battersea, examine this short list of cities below from outside of the region of Greater London for some inspiration.
- ascot in Greater London
- auchinleck in Greater London
- madeley in Greater London
- castle-donington in Greater London
- kemsley in Greater London
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
In Battersea, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Battersea, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Battersea.
Houses for sale, are sold on average in Battersea, after the influence of these factors, at £847,996 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 12% over the last 10 years.
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 |
This table above shows the average sale price for each variation of 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 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Battersea is £10,597.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
FAQ
If you are a landlord, should you renovate a property in the city of Battersea?
Properties in the city of Battersea may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 21 approvals every month with an approval of nan based on a population of 157939. Compare other places in the UK to make this figure make more sense.
On a monthly basis, how many property transactions take place in Battersea?
The city of Battersea sees around 32 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What is the population change each year in a city like Battersea?
For a comprehensive analysis of Battersea’s population trends, observe the population fluctuation over a decade, indicated by 12%, and the five-year alteration represented by 5%. Perhaps also look at data from another nearby city too so you can see a comparison.
prices for houses on sale in the broader vicinity of Battersea?
Currently, the mean asking price of a house in Battersea is £11,373, calculated using the average value per square foot
Is investing in a house for sale in Battersea a financially demanding choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Battersea, the value is £847,996, whereas the UK’s mean is £286,500
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