How much does a house for sale cost in Putney?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much does a house for sale cost in Putney?

As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Putney. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Putney to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Putney will be revealed. Keep reading.

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

In Putney, the average sale price of a house for sale is in fact £638,838. This is dependent on the 10 year population growth of Putney being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Putney.

Housing category Total final sale price
Aerage sold price (detached) £2,432,480
Aerage sold price (semi-detached) £1,313,151
Aerage sold price (terraced) £968,723
Aerage sold price (flat) £508,453

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 Putney.

Housing category Sale price per square foot
Aerage sold price/sqft £7,330
Aerage sold price/sqft (new build) £8,960
Aerage sold price/sqft (old stock) £7,260

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 £7,470. This means if you are just looking out the houses sold in Putney in general and didn’t take into consideration the type of build. For example, a new build.

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

The average asking price for the houses for sale in the city of Putney

Average asking price (1 bed) £398,871
Average asking price (2 bed) £587,072
Average asking price (3 bed) £781,343
Average asking price (4 bed) £1,215,643
Average asking price (5 bed) £1,920,544

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Putney 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 £7,620 should also give you an overview of what the asking price for houses for sale are in general.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Putney is £670,161.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Putney is useful when negotiating and knowing what to expect for every type of house for sale.

What kind of demographics does the city of Putney have?

Are the people of Putney 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 20% for Putney should give you a nice idea of the deprivation in the area.

Putney 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, Putney 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 Putney.

Do the people of Putney get to enjoy green space?

Whether you view green space in Putney 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 Putney, the number of acres of green space for every 1000 people currently is no relevant data for this city which can be measured against the UK average of 1.7.

What’s a social grade score and how does it relate to Putney?

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 Putney in grades A or B which are the highest skilled roles in the country is 45%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £60,600 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 45%.

What does the population of Putney 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 Putney if 60,422 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 Putney such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Putney by 3%. 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 3% 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 Putney?

In the last decade, the population of Putney has been adjusted by 9%. 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.

What is the education level like in Putney?

In Putney, the proportion of people who have a degree is 52%. 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 Putney is £60,600.

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.

How much do people in Putney earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£60,600 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 45% for Putney.

What’s crime like in Putney?

In Putney, for every 1000 people, there is currently a crime rate of 105. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (105 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

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

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 Putney this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (Greater London) alongside London 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 Putney.

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)
Putney 4.1% £2,292 140% 6.0%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

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 Putney.

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 (48) will be useful.

Are there more or fewer houses being built in Putney?

The growth of an area like Putney 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
Putney growth rate 5% 15% 10%

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 Putney if you want to find out the exact reasons for the housing change.