What is it like buying a house in Thames Ditton?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ What is it like buying a house in Thames Ditton?

Whenever looking for a house for sale in the UK or in Thames Ditton, it is vital you look at the market trends and house price fluctuations in the wider area of Surrey 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 Thames Ditton.

In this article, we will be looking at the city of Thames Ditton in detail so you know how to navigate the area and have a better understanding on where to invest.

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

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.

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 in to all the details of Thames Ditton.

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 (Surrey) as well as the broader region; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Thames Ditton 3.5% £2,067 no relevant data for this city 27.0%
Surrey 3.38% £1,657 117.61% 16.05%
Greater London 3.88% £1,899 129.14% 13.30%

Also, you can compare other data to the table above such as the number of houses sold per month in Thames Ditton which is 14 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 Thames Ditton is to invest in. Both in terms of rental yield and capital appreciation.

In Thames Ditton, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Thames Ditton, 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
Thames Ditton growth rate 16% 14% 18%

As the population of Thames Ditton 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.

What is the asking price on average of houses for sale in Thames Ditton?

On average, in Thames Ditton, the asking price for a house for sale in the area is £706,930.

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 Thames Ditton. 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.

Average price of houses for sale in Thames Ditton

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £469,098
Average asking price (3 bed) £811,660
Average asking price (4 bed) £1,151,246
Average asking price (5 bed) no relevant data for this city

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 (£0) for houses for sale with this table to get a good idea as to whether Thames Ditton is the right area to buy a house in for you.

What are the people like in Thames Ditton?

In the city of Thames Ditton, has the population grown or shrunk?

The city of Thames Ditton has a total population of 10,284. 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 Thames Ditton 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 Thames Ditton

Over time, in the last five years, the population of the city of Thames Ditton 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 Thames Ditton?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of Thames Ditton 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.

What is the social grade score of Thames Ditton?

In the city of Thames Ditton 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 Thames Ditton has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 52%.

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 do people in Thames Ditton 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 £77,700.

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 Thames Ditton this figure is 52%.

What’s the crime rate in Thames Ditton?

In Thames Ditton, for every 1000 people, there is currently a crime rate of 66. 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 (66 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.

In the city of Thames Ditton, 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 Thames Ditton, the city has 15.7 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 Thames Ditton.

In the city of Thames Ditton, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Surrey for example.

These demographics for Thames Ditton may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Thames Ditton in Greater London.

For the city of Thames Ditton, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 52%. The ability to buy a home is greatly influenced by the number of people who have degrees. £77,700 is the amount people in Thames Ditton 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 Thames Ditton, 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.

Is the city of Thames Ditton deprived?

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 Thames Ditton, in particular, the deprivation levels are 13%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the final sale price of a house in Thames Ditton?

As well as looking at the asking price for house for sale in Thames Ditton, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Thames Ditton.

Houses for sale, are sold on average in Thames Ditton, after the influence of these factors, at £692,021 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £1,119,240
Aerage sold price (semi-detached) £830,713
Aerage sold price (terraced) £618,143
Aerage sold price (flat) £369,595

This table above shows the average sale price for each variation of houses for sale in Thames Ditton.

Housing category Sale price per square foot
Aerage sold price/sqft £6,190
Aerage sold price/sqft (new build) £6,270
Aerage sold price/sqft (old stock) £6,120

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Thames Ditton is £6,190.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.