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Fulham – 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 $ Fulham – What to look for in houses for sale?

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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.

In Fulham, what are the rental yields?

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 Fulham.

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)
Fulham £0 £3,025 £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 Fulham which is 43 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 Fulham is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Fulham?

Whenever you are thinking about looking for houses for sale in Fulham, 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
Fulham growth rate 13% 25% 14%

As the population of Fulham 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.

Finding the ideal house for sale for you

What parameters impact the final price of a house for sale in Fulham?
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.

In Fulham, what is the asking price in general for a house for sale?

When speaking about the city of Fulham, £919,248 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Fulham would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Table showing the asking prices for houses for sale in Fulham

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Fulham 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 £10,120 should also give you an overview of what the asking price for houses for sale are in general.

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

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.

Thinking of a different city and perhaps a different location?

Below is a list of towns that differ from Fulham.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Greater London:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Professional advice for houses for sale in Fulham

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 are the people like in Fulham?

In Fulham, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Fulham compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Fulham, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 44%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Fulham in the county of London is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Fulham is located in; Greater London.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Fulham, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What salary does the community in Fulham 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 (44%). 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 Fulham, this works out to be £60,400.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In Fulham, what are the deprivation levels like?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Fulham is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

What does the population of Fulham 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 Fulham if 64988 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 Fulham such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Fulham by 1%. 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 1% 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 Fulham?

In the last decade, the population of Fulham has been adjusted by 2%. 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 price523,666 on average.

For the city of Fulham, what is the education level?

In the city of Fulham, 53% 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 Fulham is £60,400.00. 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.

In the city of Fulham, is there a lot of green space?

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 Fulham, the city has 3 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 Fulham.

Is the crime rate bad in the city of Fulham?

Within Fulham, the number of people committing crimes is 11600% 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 11600% figure carefully.

Frequently Asked Questions (FAQ)

Do properties in Fulham offer renovation potential?

Properties in the city of Fulham may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 45 approvals every month with an approval of 88% based on a population of 64988. Compare other places in the UK to make this figure make more sense.

On a monthly basis, how many property transactions take place in Fulham?

In the city of Fulham, there are 43 and in the total for the UK, there are around 1.1 million property sales.

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

For a comprehensive analysis of Fulham’s population trends, observe the population fluctuation over a decade, indicated by 2%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Fulham, what is the cost of houses available for sale?

The average cost per square foot for a house in Fulham is presently £10,120.

Is investing in a house for sale in Fulham a financially demanding choice?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Fulham, this stands at £926,984, 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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