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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

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 out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

How are rental yields of the houses for sale different to the rest of the UK in Epsom?

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 Epsom to Surrey and the broader suburb of the UK; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Epsom 3.6% £1,719 140% 19.3%
Surrey 3.38% £1,657 117.61% 16.05%
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 Epsom for profit in the future, in this case, looking at the data for the number of houses sold per month in Epsom would give you an idea of whether the area is actively getting new investors. This figure is 63.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Epsom. 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.

Is the housing market in Epsom growing?

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 Epsom that shows the growth in recent years.

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

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 Epsom is important.

In Epsom, what do houses for sale tend to sell for?

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.

Are there any important statistics about the population of Epsom?

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

In Epsom, the proportion of people who have a degree is 36%. 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 Epsom is £61,333.

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.

What does the population of Epsom look like?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Epsom is 74,826.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Epsom.

In Epsom, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Epsom is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (3%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Epsom population difference over 10 years?

The population has adjusted in the area of Epsom by 9% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Epsom.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

What is the social grade score of Epsom?

In the city of Epsom and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Epsom has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 35%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

How much green space is available to residents of Epsom?

In the city of Epsom, there are 33.9 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 Epsom is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What’s the crime rate in Epsom?

The crime rate of Epsom 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 82, 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 (82) is both useful and is recommended to be compared to the average.

Are the people in Epsom earning a lot?

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 Epsom. Compare the area’s average household income of £61,333 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 35% for more conclusive data on the affluence of the area.

Epsom 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, Epsom 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 Epsom.

In Epsom, what are the deprivation levels like?

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 Epsom is 16%.

On average, what is the figure for the asking price of a house for sale in Epsom?

Average price of houses for sale in Epsom

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Epsom 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 £5,450 should also give you an overview of what the asking price for houses for sale are in general.

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.

Who can help you buy a house for sale in Epsom?

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Epsom.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

houses for sale in other cities in the UK

Below are a list of towns with a similar location to Epsom.
Reading these analysis will help you evaluate the different houses for sale currently listed in Greater London:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

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

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