Whenever looking for a house for sale in the UK or in Camberwell, it is vital you look at the market trends and house price fluctuations in the wider area of London too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Camberwell.
In this article, we will be looking at the city of Camberwell in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Camberwell have?
What salary does the community in Camberwell take home?
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 (24%). 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 Camberwell, this works out to be £49,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Camberwell, is there a lot of green space?
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 Camberwell currently has 5.1 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 Camberwell in this case.
In the city of Camberwell, 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 London for example.
These demographics for Camberwell 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 Camberwell in Greater London.
For the city of Camberwell, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 38%. The ability to buy a home is greatly influenced by the number of people who have degrees. £49,500 is the amount people in Camberwell 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 Camberwell, 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.
In general, do people commit a lot of crime in Camberwell?
Within Camberwell, the number of people committing crimes is 138 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 138 figure carefully.
What does the population of Camberwell look like?
The city of Camberwell has a total population of 46,258. 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 Camberwell 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 Camberwell
Over time, in the last five years, the population of the city of Camberwell has changed by 3%. 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 3% 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 Camberwell?
In the last 10 years, there has been a shift in the population of 12%.
Comparing this to the 5 year figure of Camberwell 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.
What’s a social grade score and how does it relate to Camberwell?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Camberwell, the percentage of people in the two highest categories, A and B is 24%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £49,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (24%).
Are the people of Camberwell deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 32% for Camberwell should give you a nice idea of the deprivation in the area.
Why you should consider the average rental yield when searching for houses for sale in Camberwell
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 Camberwell 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 Camberwell.
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) | |
|---|---|---|---|---|
| Camberwell | 4.5% | £1,869 | 140% | 11.0% |
| London | 3.96% | £2,001 | 129.93% | 12.05% |
| Greater London | 3.88% | £1,899 | 129.14% | 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 Camberwell.
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.
In Camberwell, how has the number of houses changed?
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 Camberwell at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Camberwell growth rate | -3% | no relevant data for this city | 6% |
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 Camberwell 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 Camberwell.
In Camberwell, what do houses for sale tend to sell for?
For the city of Camberwell, the average price a house sells for is £490,495. This value usually depends on the exact location of the house within Camberwell as well as other factors like the population growth in Camberwell which is 12% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £1,221,667 |
| Aerage sold price (semi-detached) | £1,063,602 |
| Aerage sold price (terraced) | £852,333 |
| Aerage sold price (flat) | £435,755 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Camberwell.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £6,560 |
| Aerage sold price/sqft (new build) | £6,610 |
| Aerage sold price/sqft (old stock) | £6,530 |
Generalising the bottom table, the average value per square foot of a house for sale is £6,770. This value averages all of the types of houses for sale in Camberwell. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Camberwell.
On average, what is the figure for the asking price of a house for sale in Camberwell?
Average asking prices for houses for sale in Camberwell
| Average asking price (1 bed) | £364,353 |
| Average asking price (2 bed) | £488,264 |
| Average asking price (3 bed) | £719,861 |
| Average asking price (4 bed) | £1,101,786 |
| Average asking price (5 bed) | no relevant data for this city |
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 (£6,980) for houses for sale with this table to get a good idea as to whether Camberwell is the right area to buy a house in for you.
On average, in Camberwell, the asking price for a house for sale in the area is £495,643.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Camberwell. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Who can help you buy a house for sale in Camberwell?
A house for sale appropriate to your needs
When browsing houses for sale in Camberwell you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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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.
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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.
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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
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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.
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Internet speed in the area of the house for sale – 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
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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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.
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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.
Thinking about other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in Greater London, the same UK region as Camberwell:
- Aldgate in Greater London
- Hayes in Greater London
- Bexley in Greater London
- West-Thurrock in Greater London
- Thames-Ditton in Greater London
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
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