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A guide on houses for sale in Epsom

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ A guide on houses for sale in Epsom

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Epsom 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 Epsom.

On top of this, keep reading for detailed information on the demographics of Epsom in Surrey. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

Are there any important statistics about the population of Epsom?

In Epsom, what are the deprivation levels like?

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 £0 for Epsom should give you a nice idea of the deprivation in the area.

What is the social grade score of Epsom?

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 Epsom, the percentage of people in the two highest categories, A and B is 35%. 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 £61,333.33. This income will generally get bigger as the percentage of people in the A and B categories go up too (35%).

Is the education level of Epsom important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 36%. The ability to buy a home is greatly influenced by the number of people who have degrees. £61,333.33 is the amount people in Epsom are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Epsom, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

How much do people in Epsom earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £61,333.33.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Epsom this figure is 35%.

What is the population of Epsom?

In total, the number of people in Epsom is 74826. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Epsom, depending on where exactly you are.

How has Epsom changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Epsom has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Epsom?

9% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Epsom have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

What’s the crime rate in Epsom?

For every one thousand people living in Epsom, 8200% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 8200% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

In the city of Epsom, how much green space remains for residents?

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 Epsom, the city has 34 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 Epsom.

Located in Surrey is the city of Epsom, 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 Epsom 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 Epsom 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.

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Epsom, examine this short list of cities below from outside of the region of Greater London for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

In general, for the city of Epsom, what are the final purchase prices for the houses for sale?

In Epsom, the average sale price of a house for sale is in fact £512,274. This is dependent on the 10 year population growth of Epsom being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Epsom.

Housing category Total final sale price
Aerage sold price (detached) £744,475
Aerage sold price (semi-detached) £542,903
Aerage sold price (terraced) £432,991
Aerage sold price (flat) £309,441

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 Epsom.

Housing category Sale price per square foot
Aerage sold price/sqft £5,010
Aerage sold price/sqft (new build) £5,157
Aerage sold price/sqft (old stock) £4,947

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 £5,227. This means if you are just looking out the houses sold in Epsom in general and didn’t take into consideration the type of build. For example, a new build.

Advice from experts on properties for sale in Epsom

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Invest in a house for sale that meets your demands

What parameters impact the final price of a house for sale in Epsom?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property
  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

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

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Epsom, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as Surrey, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Epsom £0 £1,719 £1 £0
Surrey 3.38% £1,657.29 117.61% 16.05%
Greater London 0.04 1,898.58 £1 13.30%

Assuming that in the future you want to re-sell the house you will eventually purchased in Epsom you might be interested in the number of sales per month (21) that happen in the local housing market. Comparing this figure for Epsom with the above table gives you a good understanding of the profitability of the area.

Are there more or fewer houses being built in Epsom?

The growth of an area like Epsom can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Epsom growth rate 10% 21% 22%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Epsom if you want to find out the exact reasons for the housing change.

What are the asking prices for the houses for sale in the city of Epsom?

When investors make offers for houses for sale in Epsom, the average price asked by the homeowners works out to be £569,735.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Epsom is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

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

Average asking price (1 bed) £275,886
Average asking price (2 bed) £405,216
Average asking price (3 bed) £633,813
Average asking price (4 bed) £882,480
Average asking price (5 bed) £1,116,667

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 (£5,450) for houses for sale with this table to get a good idea as to whether Epsom is the right area to buy a house in for you.

Frequently Asked Questions

Are there opportunities for property renovation in Epsom?

Every single month in Epsom, there are 19 planning applications, of which nan result in a success. Look at this in terms of the population size of 74826 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 Epsom?

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

What’s the year-over-year population change in Epsom or similar cities?

Calculating the evolution of Epsom’s population requires an examination of the population transformation over a decade, amounting to 9%, and the five-year adjustment at 3%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

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

The current average price per square foot for a house in Epsom stands at £5,450, considering the mean cost for each square foot of houses for sale there.

Is purchasing a house in Epsom considered a costly decision?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Epsom, this figure stands at £512,274, while the UK average 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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