Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Claygate, Surrey.
From the average asking price of houses for sale in Claygate to the growth of the population in the area, all will be talked about regarding the city of Claygate. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Asking price in Claygate for a house for sale
The average asking price for the houses for sale in the city of Claygate
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £559,394 |
| Average asking price (3 bed) | £870,198 |
| Average asking price (4 bed) | £1,241,498 |
| Average asking price (5 bed) | £1,804,521 |
After looking at this table about prices of houses for sale in Claygate, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Claygate is £978,530.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Claygate is useful when negotiating and knowing what to expect for every type of house for sale.
What are the people like in Claygate?
Claygate within Surrey is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Claygate 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 Claygate.
In Claygate, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 48%. The ability to buy a home is greatly influenced by the number of people who have degrees. £72,600 is the amount people in Claygate 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 Claygate, 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 the city of Claygate, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Claygate if 21,034 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 Claygate such as rental yield or house appreciation.
How has the population size of Claygate adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Claygate by 1%. 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 1% 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 Claygate?
In the last decade, the population of Claygate has been adjusted by 5%. 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.
How deprived is the population of Claygate?
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 Claygate is 12% 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 are those living in Claygate earning?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £72,600.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Claygate this figure is 53%.
What’s a social grade score and how does it relate to Claygate?
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 Claygate in grades A or B which are the highest skilled roles in the country is 53%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £72,600 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 53%.
In Claygate, what is the crime rate?
In Claygate, for every 1000 people, there is currently a crime rate of 57. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (57 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
How much green space is available to residents of Claygate?
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 Claygate currently has 18.7 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 Claygate in this case.
In general, what do houses for sale sell for in Claygate?
As well as looking at the asking price for house for sale in Claygate, 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 Claygate.
Houses for sale, are sold on average in Claygate, after the influence of these factors, at £873,690 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 5% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £1,227,287 |
| Aerage sold price (semi-detached) | £772,587 |
| Aerage sold price (terraced) | £567,332 |
| Aerage sold price (flat) | £372,292 |
This table above shows the average sale price for each variation of houses for sale in Claygate.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £5,970 |
| Aerage sold price/sqft (new build) | £6,600 |
| Aerage sold price/sqft (old stock) | £5,910 |
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 Claygate is £5,970.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Always consider average rental yield when searching for houses for sale in Claygate
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.
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 in to all the details of Claygate.
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) | |
|---|---|---|---|---|
| Claygate | 2.7% | £2,232 | 95% | 20.0% |
| Surrey | 3.38% | £1,657 | 117.61% | 16.05% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
Also, you can compare other data to the table above such as the number of houses sold per month in Claygate 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 Claygate is to invest in. Both in terms of rental yield and capital appreciation.
Is the housing market in Claygate growing?
The growth of an area like Claygate can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Claygate growth rate | 20% | 23% | 24% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Claygate if you want to find out the exact reasons for the housing change.
Professional advice for houses for sale in Claygate
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.
Thinking about other cities with houses for sale?
We have prepared a list of cities in Greater London, the same UK region of Claygate that can help you evaluate the different houses for sale listed in the region:
- Anerley in Greater London
- Epsom in Greater London
- Lewisham in Greater London
- Earlsfield in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
A house for sale appropriate to your needs
When browsing houses for sale in Claygate 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 – 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
- 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.
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