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 East Horsley, Surrey.
From the average asking price of houses for sale in East Horsley to the growth of the population in the area, all will be talked about regarding the city of East Horsley. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of East Horsley?
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 East Horsley 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 £1,075,005.
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 East Horsley.
Average price of houses for sale in East Horsley
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£831,566|
|Average asking price (4 bed)||£1,255,870|
|Average asking price (5 bed)||£1,744,958|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£6,810) for houses for sale with this table to get a good idea as to whether East Horsley is the right area to buy a house in for you.
How are rental yields of the houses for sale different to the rest of the UK in East Horsley?
Are there more or fewer houses being built in East Horsley?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of East Horsley at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|East Horsley growth rate||23%||50%||46%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in East Horsley gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in East Horsley.
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 East Horsley this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside Surrey 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 East Horsley.
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)|
|East Horsley||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
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 East Horsley.
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 (6) will be useful.
Are there any important statistics about the population of East Horsley?
In general, do people commit a lot of crime in East Horsley?
The crime rate of East Horsley 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 43, 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 (43) is both useful and is recommended to be compared to the average.
In the city of East Horsley, has the population grown or shrunk?
The city of East Horsley has a total population of 9,036. 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 East Horsley 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 East Horsley
Over time, in the last five years, the population of the city of East Horsley has changed by 4%. 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 4% 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 East Horsley?
In the last 10 years, there has been a shift in the population of 11%.
Comparing this to the 5 year figure of East Horsley 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.
In East Horsley, how educated are people in general?
In the city of East Horsley, 48% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in East Horsley is £66,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of East Horsley, is there a lot of green space?
Whether you view green space in East Horsley as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In East Horsley, the number of acres of green space for every 1000 people currently is 57.0 which can be measured against the UK average of 1.7.
What’s a social grade score and how does it relate to East Horsley?
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 East Horsley in grades A or B which are the highest skilled roles in the country is 52%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £66,300 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 52%.
Are the people of East Horsley deprived?
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 10% for East Horsley should give you a nice idea of the deprivation in the area.
What salary does the community in East Horsley take home?
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 (52%). 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 East Horsley, this works out to be £66,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
East Horsley 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, East Horsley 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 East Horsley.
In general, for the city of East Horsley, what are the final purchase prices for the houses for sale?
In East Horsley, houses for sale are sold at an average of £876,655. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in East Horsley. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£1,012,554|
|Aerage sold price (semi-detached)||£566,821|
|Aerage sold price (terraced)||£498,840|
|Aerage sold price (flat)||£292,500|
As you can see above, for East Horsley, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 11% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£5,580|
|Aerage sold price/sqft (new build)||£5,880|
|Aerage sold price/sqft (old stock)||£5,450|
Looking at the second table about East Horsley, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in East Horsley is £6,200.
Invest in houses for sale in East Horsley with the right professional advice
House for sale in the same UK region
Examine this short list of cities belonging to Greater London, the same region where East Horsley is located.
- Lewisham in Greater London
- Western-London in Greater London
- Chalk in Greater London
- Greenwich in Greater London
- Baker-Street in Greater London
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in East Horsley
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.