What is it like buying a house in Crouch End?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ What is it like buying a house in Crouch End?

Crouch End 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 Crouch End.

On top of this, keep reading for detailed information on the demographics of Crouch End 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 Crouch End, what are the rental yields?

In Crouch End, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Crouch End, 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
Crouch End growth rate 9% 20% 5%

As the population of Crouch End 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.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Crouch End to London and the broader suburb of the UK; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Crouch End 3.7% £1,838 140% 11.0%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

Let’s assume you want to sell the house you’re looking to buy in Crouch End for profit in the future, in this case, looking at the data for the number of houses sold per month in Crouch End would give you an idea of whether the area is actively getting new investors. This figure is 28.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Crouch End. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What are the people like in Crouch End?

Are the deprivation levels of the UK any different to Crouch End?

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 Crouch End is 22%.

Located in London is the city of Crouch End, 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 Crouch End 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 Crouch End 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.

How much do people in Crouch End earn?

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 (39%). 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 Crouch End, this works out to be £56,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Is there sufficient green space in Crouch End?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Crouch End, the city has 4.7 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Crouch End.

In Crouch End, what is the social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Crouch End, the percentage of people in the two highest categories, A and B is 39%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £56,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (39%).

In Crouch End, how has the population changed?

The city of Crouch End has a total population of 39,674. 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 Crouch End 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 Crouch End

Over time, in the last five years, the population of the city of Crouch End 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 Crouch End?

In the last 10 years, there has been a shift in the population of 6%.

Comparing this to the 5 year figure of Crouch End 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 crime like in Crouch End?

The crime rate of Crouch End 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 125, 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 (125) is both useful and is recommended to be compared to the average.

Is the education level of Crouch End important when buying a house?

In Crouch End, the proportion of people who have a degree is 58%. 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 Crouch End is £56,900.

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.

In Crouch End, what is the asking price in general for a house for sale?

In the city of Crouch End, what is the average asking price for the houses for sale?

Average asking price (1 bed) £405,204
Average asking price (2 bed) £576,582
Average asking price (3 bed) £808,692
Average asking price (4 bed) £1,195,208
Average asking price (5 bed) £1,326,154

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Crouch End 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 £7,340 should also give you an overview of what the asking price for houses for sale are in general.

When speaking about the city of Crouch End, £602,073 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Crouch End.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

In general, what do houses for sale sell for in Crouch End?

In Crouch End, the average sale price of a house for sale is in fact £577,815. This is dependent on the 10 year population growth of Crouch End being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Crouch End.

Housing category Total final sale price
Aerage sold price (detached) £1,487,667
Aerage sold price (semi-detached) £1,140,970
Aerage sold price (terraced) £1,012,111
Aerage sold price (flat) £486,470

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 Crouch End.

Housing category Sale price per square foot
Aerage sold price/sqft £7,240
Aerage sold price/sqft (new build) £7,050
Aerage sold price/sqft (old stock) £7,240

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 £7,290. This means if you are just looking out the houses sold in Crouch End in general and didn’t take into consideration the type of build. For example, a new build.