As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Weybridge. 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 Weybridge 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 Weybridge will be revealed. Keep reading.
What are the asking prices for the houses for sale in the city of Weybridge?
Table showing the asking prices for houses for sale in Weybridge
|Average asking price (1 bed)||£282,916|
|Average asking price (2 bed)||£452,194|
|Average asking price (3 bed)||£746,753|
|Average asking price (4 bed)||£1,227,097|
|Average asking price (5 bed)||£2,082,692|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Weybridge 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 £5,350 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Weybridge determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £810,511.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Weybridge.
What kind of demographics does the city of Weybridge have?
In Weybridge, what is the crime rate?
For every one thousand people living in Weybridge, 73 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 73 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 Weybridge, how educated are people in general?
In Weybridge, the proportion of people who have a degree is 48%. 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 Weybridge is £68,900.
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.
Is the city of Weybridge deprived?
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 Weybridge is 11%.
Have the people of Weybridge grown in numbers?
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 Weybridge is 21,632.
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 Weybridge.
In Weybridge, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. 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 Weybridge 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 (1%) 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.
Weybridge population difference over 10 years?
The population has adjusted in the area of Weybridge by 5% 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 Weybridge.
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 a social grade score and how does this relate to Weybridge?
In the city of Weybridge 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 Weybridge has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 50%.
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|
In the city of Weybridge, is there a lot of green space?
Whether you view green space in Weybridge 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 Weybridge, the number of acres of green space for every 1000 people currently is 23.5 which can be measured against the UK average of 1.7.
Weybridge in the county of Surrey 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 Weybridge 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 Weybridge, 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.
How much do people in Weybridge 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 £68,900.
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 Weybridge this figure is 50%.
In Weybridge, what are the rental yields?
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 Weybridge to Surrey and the broader suburb of the UK; Greater London.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Weybridge for profit in the future, in this case, looking at the data for the number of houses sold per month in Weybridge would give you an idea of whether the area is actively getting new investors. This figure is 27.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Weybridge. 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.
In Weybridge, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Weybridge at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Weybridge growth rate||-10%||9%||8%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Weybridge gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Weybridge.
In Weybridge, what do houses for sale tend to sell for?
In Weybridge, the average sale price of a house for sale is in fact £665,614. This is dependent on the 10 year population growth of Weybridge being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Weybridge.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£1,213,424|
|Aerage sold price (semi-detached)||£706,612|
|Aerage sold price (terraced)||£574,201|
|Aerage sold price (flat)||£348,992|
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 Weybridge.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£5,410|
|Aerage sold price/sqft (new build)||£5,290|
|Aerage sold price/sqft (old stock)||£5,380|
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 £5,380. This means if you are just looking out the houses sold in Weybridge in general and didn’t take into consideration the type of build. For example, a new build.
Who can help you buy a house for sale in Weybridge?
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Weybridge
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
House for sale in the same UK region
We have prepared a list of cities in Greater London, the same UK region of Weybridge that can help you evaluate the different houses for sale listed in the region:
- Deptford in Greater London
- Bowes-Park in Greater London
- Twickenham in Greater London
- Cranley-Gardens in Greater London
- Bulphan in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.