Cobham 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 Surrey.
Before looking for a house for sale in the city of Cobham 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 Cobham.
In general, for the city of Cobham, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cobham. In Cobham, this sale price works out to be £949,443. As an example, a factor like population growth over the last 10 years which works out to be 5% in Cobham and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£1,391,820|
|Average sold price (semi-detached)||£636,065|
|Average sold price (terraced)||£509,589|
|Average sold price (flat)||£458,656|
Above, the exact type of house is also shown to vary in price in a table in Cobham. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£5,660|
|Average sold price/sqft (new build)||£6,280|
|Average sold price/sqft (old stock)||£5,550|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Cobham which is £5,920. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
On average, what is the figure for the asking price of a house for sale in Cobham?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Cobham determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £1,066,819.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Cobham.
Average price of houses for sale in Cobham
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£524,740|
|Average asking price (3 bed)||£818,542|
|Average asking price (4 bed)||£1,154,783|
|Average asking price (5 bed)||£1,977,308|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Cobham 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 £6,190 should also give you an overview of what the asking price for houses for sale are in general.
What’s the rental yield in general for the city of Cobham?
Is the housing market in Cobham growing?
Before committing to Cobham 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|
|Cobham growth rate||9%||15%||8%|
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 Cobham is building housing to find your answer.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Cobham. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Cobham.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Surrey), a regional level (Greater London) and finally on the level of the city talked about in this article, Cobham.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Cobham experiences. This figure for house sales per month is 13. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What are the people like in Cobham?
Is the crime rate bad in the city of Cobham?
Within Cobham, the number of people committing crimes is 89 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 89 figure carefully.
In Cobham, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Cobham is 44%. 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 Cobham is £62,200.
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 the city of Cobham, 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 Cobham 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 Cobham in Greater London.
How much do people in Cobham earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£62,200 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 49% for Cobham.
How deprived is the population of Cobham?
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 13% for Cobham should give you a nice idea of the deprivation in the area.
What’s a social grade score and how does it relate to Cobham?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Cobham compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Cobham, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 49%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
Have the people of Cobham grown in numbers?
Population growth in Cobham is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Cobham, 15,326 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Cobham in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Cobham, this change has been 1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Cobham?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Cobham.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In the city of Cobham, 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 Cobham currently has 70.5 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 Cobham in this case.