Colliers Wood 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 Colliers Wood.
On top of this, keep reading for detailed information on the demographics of Colliers Wood in London. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In general, for the city of Colliers Wood, 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 Colliers Wood. In Colliers Wood, this sale price works out to be £667,223. As an example, a factor like population growth over the last 10 years which works out to be 5% in Colliers Wood and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£2,855,267|
|Average sold price (semi-detached)||£1,146,780|
|Average sold price (terraced)||£830,927|
|Average sold price (flat)||£433,042|
Above, the exact type of house is also shown to vary in price in a table in Colliers Wood. 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||£7,170|
|Average sold price/sqft (new build)||£7,020|
|Average sold price/sqft (old stock)||£7,140|
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 Colliers Wood which is £7,410. 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 Colliers Wood?
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 Colliers Wood is £727,080.
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 Colliers Wood is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Colliers Wood
|Average asking price (1 bed)||£382,808|
|Average asking price (2 bed)||£554,066|
|Average asking price (3 bed)||£815,345|
|Average asking price (4 bed)||£1,306,622|
|Average asking price (5 bed)||£2,283,291|
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 £7,660. 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 Colliers Wood has a lack of supply of housing in certain categories.
In Colliers Wood, what are the rental yields?
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 Colliers Wood 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 Colliers Wood.
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 Colliers Wood.
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 (63) will be useful.
Are there more or fewer houses being built in Colliers Wood?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Colliers Wood that shows the growth in recent years.
|1 year||3 years||5 years|
|Colliers Wood growth rate||1%||11%||15%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Colliers Wood is important.
What are the demographics like in the city of Colliers Wood?
Is the crime rate bad in the city of Colliers Wood?
The crime rate of Colliers Wood must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 91, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (91) is both useful and is recommended to be compared to the average.
What salary does the community in Colliers Wood 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 Colliers Wood. Compare the area’s average household income of £67,300 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 48% for more conclusive data on the affluence of the area.
Are the deprivation levels of the UK any different to Colliers Wood?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Colliers Wood, currently, 17% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
Located in London is the city of Colliers Wood, in a large part of the UK; Greater London. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Colliers Wood has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Colliers Wood which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Colliers Wood, what is the social grade score?
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 Colliers Wood 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 Colliers Wood, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 48%.
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 Colliers Wood grown in numbers?
The city of Colliers Wood has a total population of 77,439. 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 Colliers Wood 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 Colliers Wood
Over time, in the last five years, the population of the city of Colliers Wood has changed by 1%. 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 1% 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 Colliers Wood?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Colliers Wood 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.
Is the education level of Colliers Wood important when buying a house?
In Colliers Wood, the proportion of people who have a degree is 56%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Colliers Wood is £67,300.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
How much green space is available to residents of Colliers Wood?
In the city of Colliers Wood, there are 19.9 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 Colliers Wood is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Who can help you buy a house for sale in Colliers Wood?
Thinking about other cities with houses for sale?
See here below a list of cities in the same UK region of Colliers Wood which is Greater London. You might want to consider these as alternatives for your next real estate investment:
- Deptford in Greater London
- Bean in Greater London
- Earlsfield in Greater London
- East-Sheen in Greater London
- Hornchurch in Greater London
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Colliers Wood.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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