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Dulwich – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ Dulwich – What to look for in houses for sale?

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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 Dulwich, London.

From the average asking price of houses for sale in Dulwich, to the growth of the population in the area, all will be talked about regarding the city of Dulwich. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In general, what do houses for sale sell for in Dulwich?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Dulwich. In Dulwich, this sale price works out to be £710,180. As an example, a factor like population growth over the last 10 years which works out to be 12% in Dulwich and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £1,716,394
Average sold price (semi-detached) £1,318,032
Average sold price (terraced) £875,308
Average sold price (flat) £450,663

Above, the exact type of house is also shown to vary in price in a table in Dulwich. 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 £7,220
Average sold price/sqft (new build) £4,740
Average sold price/sqft (old stock) £7,110

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 Dulwich which is £7,160. 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.

Get professional help on the houses for sale in Dulwich

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.

What is the asking price on average of houses for sale in Dulwich?

Average price of houses for sale in Dulwich

Average asking price (1 bed) £394,524
Average asking price (2 bed) £518,649
Average asking price (3 bed) £720,302
Average asking price (4 bed) £1,345,208
Average asking price (5 bed) £1,426,667

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Dulwich is £3,595. This should show you the general prices overall and for individual types of houses too.

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 Dulwich is £612,899.

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 Dulwich is useful when negotiating and knowing what to expect for every type of house for sale.

Invest in a house for sale that meets your demands

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Dulwich

  • 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.

House for sale in a different UK region

We have prepared a list of cities that are entirely dissimilar to the region of Greater London, perfect if you are looking for somewhere similar to Dulwich but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Why you should consider the average rental yield when searching for houses for sale in Dulwich

In Dulwich, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Dulwich, 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
Dulwich growth rate 3% 11% 26%

As the population of Dulwich 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.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Dulwich.

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 (London) as well as the broader region; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Dulwich £0 £1,954 £1 £0
London 3.96% £2,001.05 129.93% 12.05%
Greater London 0.04 1,898.58 £1 13.30%

Also, you can compare other data to the table above such as the number of houses sold per month in Dulwich which is 6 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 Dulwich is to invest in. Both in terms of rental yield and capital appreciation.

What kind of demographics does the city of Dulwich have?

What does the population of Dulwich look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Dulwich if 44944 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 Dulwich such as rental yield or house appreciation.

How has the population size of Dulwich adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Dulwich by 3%. 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 3% 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 Dulwich?

In the last decade, the population of Dulwich has been adjusted by 12%. 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 £523,666 on average.

What is the education level like in Dulwich?

In the city of Dulwich, 54% 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 Dulwich is £60,900.00. 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.

What is a social grade score and how does this relate to Dulwich?

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 Dulwich, the percentage of people in the two highest categories, A and B is 41%. 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 £60,900.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (41%).

What’s crime like in Dulwich?

Within Dulwich, the number of people committing crimes is 8450% 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 8450% figure carefully.

Are the people of Dulwich 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 Dulwich is £0.

Is there sufficient green space in Dulwich?

In the city of Dulwich, there are 18 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 Dulwich is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What salary does the community in Dulwich take home?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Dulwich, the average income is £60,900.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 41% to decide on what the demographics are like in the area.

Located in London is the city of Dulwich, 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 Dulwich 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 Dulwich 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.

F.A.Q.

If you are a landlord, should you renovate a property in the city of Dulwich?

Every single month in Dulwich, there are 8 planning applications, of which nan result in a success. Look at this in terms of the population size of 44944 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Dulwich?

6 property transactions are reported in Dulwich each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Dulwich?

To assess the shifts in Dulwich’s population over time, analyse how the population has altered. Look at the ten year change of population of 12%, alongside the five-year change of 3%.

prices for houses on sale in the broader vicinity of Dulwich?

In Dulwich, the mean asking price per square foot for a house is currently £3,595, based on the average value per square foot

Is a house for sale in Dulwich an expensive choice?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Dulwich, this stands at £710,180, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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