Southchurch might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Essex.
Before looking for a house for sale in the city of Southchurch we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Southchurch.
In Southchurch, what do houses for sale tend to sell for?
In Southchurch, the average sale price of a house for sale is in fact £319,686. This is dependent on the 10 year population growth of Southchurch being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Southchurch.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £613,667 |
| Aerage sold price (semi-detached) | £412,812 |
| Aerage sold price (terraced) | £294,239 |
| Aerage sold price (flat) | £179,530 |
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 Southchurch.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,390 |
| Aerage sold price/sqft (new build) | £3,350 |
| Aerage sold price/sqft (old stock) | £3,260 |
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 £3,390. This means if you are just looking out the houses sold in Southchurch in general and didn’t take into consideration the type of build. For example, a new build.
Asking price in Southchurch for a house for sale
When speaking about the city of Southchurch, £361,708 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Southchurch.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
In the city of Southchurch, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £165,310 |
| Average asking price (2 bed) | £251,427 |
| Average asking price (3 bed) | £464,405 |
| Average asking price (4 bed) | £660,788 |
| Average asking price (5 bed) | £880,000 |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Southchurch is £0. This should show you the general prices overall and for individual types of houses too.
What kind of demographics does the city of Southchurch have?
In the city of Southchurch, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Essex for example.
These demographics for Southchurch may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Southchurch in East of England.
How much are those living in Southchurch earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (20%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Southchurch, this works out to be £40,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What does the population of Southchurch look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Southchurch if 26,369 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Southchurch such as rental yield or house appreciation.
How has the population size of Southchurch adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Southchurch by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Southchurch?
In the last decade, the population of Southchurch has been adjusted by 6%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
What’s a social grade score and how does it relate to Southchurch?
In the city of Southchurch, the social grade score of the area is 20%. 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 Southchurch.
| 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 |
What’s crime like in Southchurch?
The crime rate of Southchurch must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 275, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (275) is both useful and is recommended to be compared to the average.
What is the education level like in Southchurch?
Interestingly, the percentage of people who have a degree in the city of Southchurch is 21%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Southchurch is £40,600.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Southchurch, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Southchurch is 29% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
In the city of Southchurch, how much green space remains for residents?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Southchurch currently has 6.6 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Southchurch in this case.
How are rental yields of the houses for sale different to the rest of the UK in Southchurch?
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 Southchurch this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Essex 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 Southchurch.
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) | |
|---|---|---|---|---|
| Southchurch | 3.0% | £917 | 140% | 13.0% |
| Essex | 3.51% | £1,237 | 125.97% | 17.61% |
| East of England | 3.49% | £1,148 | 126.76% | 16.58% |
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 Southchurch.
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 (26) will be useful.
Are there new houses being built in Southchurch to make it grow?
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 Southchurch that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Southchurch growth rate | -5% | 6% | 25% |
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 Southchurch is important.
Invest in houses for sale in Southchurch with the right professional advice
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Southchurch.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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
House for sale in the same UK region
See here below a list of cities in the same UK region of Southchurch which is East of England. You might want to consider these as alternatives for your next real estate investment:
- Eastwick in East of England
- Holme-Next-The-Sea in East of England
- Brightwell in East of England
- Caister-On-Sea in East of England
- Biggleswade in East of England
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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