As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Chertsey. 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 Chertsey 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 Chertsey will be revealed. Keep reading.
In general, what do houses for sale sell for in Chertsey?
In Chertsey, the average sale price of a house for sale is in fact £413,538. This is dependent on the 10 year population growth of Chertsey being 13%. Growing populations are more likely to inflate the prices of houses for sale in the city of Chertsey.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£659,000|
|Aerage sold price (semi-detached)||£442,236|
|Aerage sold price (terraced)||£376,154|
|Aerage sold price (flat)||£261,765|
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 Chertsey.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,560|
|Aerage sold price/sqft (new build)||£4,560|
|Aerage sold price/sqft (old stock)||£4,520|
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 £4,790. This means if you are just looking out the houses sold in Chertsey in general and didn’t take into consideration the type of build. For example, a new build.
What are the asking prices for the houses for sale in the city of Chertsey?
On average, in Chertsey, the asking price for a house for sale in the area is £474,845.
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 Chertsey. 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 the city of Chertsey, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£227,619|
|Average asking price (2 bed)||£353,789|
|Average asking price (3 bed)||£545,994|
|Average asking price (4 bed)||£738,167|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Chertsey and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £5,030 should also give you an overview of what the asking price for houses for sale are in general.
Always consider average rental yield when searching for houses for sale in Chertsey
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 Chertsey this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside Surrey 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 Chertsey.
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)|
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 Chertsey.
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 (18) will be useful.
Is the housing market in Chertsey growing?
Whenever you are thinking about looking for houses for sale in Chertsey, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Chertsey growth rate||1%||9%||15%|
As the population of Chertsey grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What are the people like in Chertsey?
Are the people of Chertsey 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 Chertsey is 20%.
Is the education level of Chertsey important when buying a house?
In the city of Chertsey, 30% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Chertsey is £55,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In the city of Chertsey, has the population grown or shrunk?
The city of Chertsey has a total population of 18,483. 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 Chertsey 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 Chertsey
Over time, in the last five years, the population of the city of Chertsey has changed by 6%. 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 6% 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 Chertsey?
In the last 10 years, there has been a shift in the population of 13%.
Comparing this to the 5 year figure of Chertsey 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 Chertsey?
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 Chertsey in grades A or B which are the highest skilled roles in the country is 28%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £55,500 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 28%.
How much are those living in Chertsey 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 (28%). 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 Chertsey, this works out to be £55,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Chertsey, 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 Surrey for example.
These demographics for Chertsey 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 Chertsey in Greater London.
How much green space is available to residents of Chertsey?
In the city of Chertsey, there are 52.1 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Chertsey is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In general, do people commit a lot of crime in Chertsey?
Within Chertsey, the number of people committing crimes is 142 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 142 figure carefully.
Who can help you buy a house for sale in Chertsey?
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Chertsey
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in Greater London, the same UK region of Chertsey that can help you evaluate the different houses for sale listed in the region:
- Tottenham in Greater London
- Abbey-Wood in Greater London
- Watford in Greater London
- Barnsbury in Greater London
- Croydon in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.