Whenever looking for a house for sale in the UK or in Fulham, it is vital you look at the market trends and house price fluctuations in the wider area of London too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Fulham.
In this article, we will be looking at the city of Fulham in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Fulham have?
In general, do people commit a lot of crime in Fulham?
For every one thousand people living in Fulham, 116 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 116 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 Fulham, has the population grown or shrunk?
The city of Fulham has a total population of 64,988. 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 Fulham 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 Fulham
Over time, in the last five years, the population of the city of Fulham 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 Fulham?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of Fulham 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.
Are the people in Fulham earning a lot?
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 £60,400.
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 Fulham this figure is 44%.
For the city of Fulham, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 53%. The ability to buy a home is greatly influenced by the number of people who have degrees. £60,400 is the amount people in Fulham 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 Fulham, 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.
What is the social grade score of Fulham?
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 Fulham in grades A or B which are the highest skilled roles in the country is 44%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £60,400 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 44%.
Is there sufficient green space in Fulham?
Whether you view green space in Fulham 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 Fulham, the number of acres of green space for every 1000 people currently is 2.6 which can be measured against the UK average of 1.7.
Are the deprivation levels of the UK any different to Fulham?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Fulham, in particular, the deprivation levels are 21%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Fulham within London is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Fulham 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 Fulham.
What are the asking prices for the houses for sale in the city of Fulham?
On average, in Fulham, the asking price for a house for sale in the area is £919,248.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Fulham. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
In the city of Fulham, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£525,281|
|Average asking price (2 bed)||£767,547|
|Average asking price (3 bed)||£1,146,037|
|Average asking price (4 bed)||£1,695,755|
|Average asking price (5 bed)||£2,361,072|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £10,120. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Fulham has a lack of supply of housing in certain categories.
In Fulham, what do houses for sale tend to sell for?
In Fulham, the average sale price of a house for sale is in fact £926,984. This is dependent on the 10 year population growth of Fulham being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Fulham.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£2,015,100|
|Aerage sold price (semi-detached)||£2,290,840|
|Aerage sold price (terraced)||£1,539,918|
|Aerage sold price (flat)||£689,061|
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 Fulham.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£9,570|
|Aerage sold price/sqft (new build)||£11,830|
|Aerage sold price/sqft (old stock)||£9,620|
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 £9,840. This means if you are just looking out the houses sold in Fulham in general and didn’t take into consideration the type of build. For example, a new build.
How are rental yields of the houses for sale different to the rest of the UK in Fulham?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Fulham. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Fulham.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Fulham.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Fulham experiences. This figure for house sales per month is 56. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there more or fewer houses being built in Fulham?
The growth of an area like Fulham 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|
|Fulham growth rate||13%||25%||14%|
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 Fulham if you want to find out the exact reasons for the housing change.
Invest in houses for sale in Fulham with the right professional advice
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Fulham.
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.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Are you considering other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in Greater London, the same UK region as Fulham:
- West-Central-London in Greater London
- Chalk in Greater London
- Swanscombe in Greater London
- Collier-Row in Greater London
- Bushey-Mead in Greater London
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK