- 1 We help you find the right agent
- 2 Invest in a house for sale that meets your demands
- 3 Invest in houses for sale in Caterham with the right professional advice
- 4 What are the asking prices for the houses for sale in the city of Caterham?
- 5 In general, for the city of Caterham, what are the final purchase prices for the houses for sale?
- 6 Are there any important statistics about the population of Caterham?
- 7 Other cities in different locations you can consider to buy property
- 8 Always consider average rental yield when searching for houses for sale in Caterham
- 9 FAQ (Frequently Asked Questions)
Caterham can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Caterham.
On top of this, keep reading for detailed information on the demographics of Caterham in Surrey. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Caterham.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)
A guide from the UK government
- 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.
- 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
- 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
- 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.
- 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
- 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
- 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.
Invest in houses for sale in Caterham with the right professional advice
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
What are the asking prices for the houses for sale in the city of Caterham?
The average asking price for the houses for sale in the city of Caterham
|Average asking price (1 bed)||£227,632|
|Average asking price (2 bed)||£339,190|
|Average asking price (3 bed)||£520,739|
|Average asking price (4 bed)||£720,177|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £4,710. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Caterham has a lack of supply of housing in certain categories.
On average, in Caterham, the asking price for a house for sale in the area is £447,257.
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 Caterham. 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.
In general, for the city of Caterham, what are the final purchase prices for the houses for sale?
For the city of Caterham, the average price a house sells for is £418,922. This value usually depends on the exact location of the house within Caterham as well as other factors like the population growth which is 7% over a ten-year period.
|Total final sale price|
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 Caterham.
|Sale price per square foot|
Generalising the bottom table, the average value per square foot of a house for sale is £4,490. This value averages all of the types of houses for sale in Caterham. 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 Caterham.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Are there any important statistics about the population of Caterham?
What does the population of Caterham look like?
In total, the number of people in Caterham is 28748. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Caterham, depending on where exactly you are.
How has Caterham changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Caterham has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Caterham?
7% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Caterham have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What is the social grade score of Caterham?
In the city of Caterham and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Caterham has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 30%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 salary does the community in Caterham take home?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Caterham. Compare the area’s average household income of £58,000.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 30% for more conclusive data on the affluence of the area.
What’s crime like in Caterham?
For the city of Caterham, crime rate is at 7200%. So for every 1000 people in the area, 7200% 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.
What is the education level like in Caterham?
The number of people as a percentage who have been through university and gained a degree is 33%. The ability to buy a home is greatly influenced by the number of people who have degrees. £58,000.00 is the amount people in Caterham 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 Caterham, 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 deprived is the population of Caterham?
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 Caterham is £0 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.
How much green space is available to residents of Caterham?
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 Caterham, 29 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 Caterham.
Caterham in the county of Surrey is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Caterham is located in; Greater London.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Caterham, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
Other cities in different locations you can consider to buy property
Below is a list of towns that differ from Caterham.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Greater London:
- belton in Greater London
- barripper in Greater London
- bexleyheath in Greater London
- bath in Greater London
- fforest in Greater London
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Always consider average rental yield when searching for houses for sale in Caterham
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Caterham.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Surrey) as well as the broader region; Greater London.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Also, you can compare other data to the table above such as the number of houses sold per month in Caterham which is 20 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Caterham is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Caterham?
Before committing to Caterham to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Caterham growth rate||2%||19%||23%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Caterham is building housing to find your answer.
FAQ (Frequently Asked Questions)
Is it possible to renovate a property in Caterham?
Every single month in Caterham, there are 21 planning applications, of which nan result in a success. Look at this in terms of the population size of 28748 to work out if you think you’d have good planning success if you were to renovate.
What is the monthly count of property transactions in Caterham?
In the city of Caterham, there are 20 and in the total for the UK, there are around 1.1 million property sales.
How does the population in a city like Caterham change annually?
To assess the shifts in Caterham’s population over time, analyse how the population has altered. Look at the ten year change of population of 7%, alongside the five-year change of 3%.
What are the asking rates for houses for sale in the surrounding area of Caterham?
The average cost per square foot for a house in Caterham is presently £4,710.
Is purchasing a house in Caterham considered a costly decision?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Caterham this number is £418,922 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house