Wraysbury might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Berkshire.
Before looking for a house for sale in the city of Wraysbury we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Wraysbury.
Why you should consider the average rental yield when searching for houses for sale in Wraysbury
What is the growth in the housing market of Wraysbury?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Wraysbury that shows the growth in recent years.
|1 year||3 years||5 years|
|Wraysbury growth rate||-2%||15%||14%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Wraysbury is important.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Wraysbury, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as Berkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Wraysbury you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Wraysbury with the above table gives you a good understanding of the profitability of the area.
In general, what do houses for sale sell for in Wraysbury?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Wraysbury. In Wraysbury, this sale price works out to be £384,338. As an example, a factor like population growth over the last 10 years which works out to be 5% in Wraysbury and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£660,395|
|Average sold price (semi-detached)||£397,061|
|Average sold price (terraced)||£349,065|
|Average sold price (flat)||£244,119|
Above, the exact type of house is also shown to vary in price in a table in Wraysbury. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£4,170|
|Average sold price/sqft (new build)||£4,310|
|Average sold price/sqft (old stock)||£4,160|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Wraysbury which is £4,170. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
In Wraysbury, what is the asking price in general for a house for sale?
On average, in Wraysbury, the asking price for a house for sale in the area is £449,340.
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 Wraysbury. 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.
Table showing the asking prices for houses for sale in Wraysbury
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£329,398|
|Average asking price (3 bed)||£502,939|
|Average asking price (4 bed)||£584,444|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Wraysbury 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
What are the demographics like in the city of Wraysbury?
What’s crime like in Wraysbury?
For the city of Wraysbury, crime rate is at 125. So for every 1000 people in the area, 125 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
The city of Wraysbury, situated in Berkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Wraysbury and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Wraysbury. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is the city of Wraysbury 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 Wraysbury, in particular, the deprivation levels are 24%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In the city of Wraysbury, has the population grown or shrunk?
The city of Wraysbury has a total population of 16,177. 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 Wraysbury 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 Wraysbury
Over time, in the last five years, the population of the city of Wraysbury has changed by 2%. 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 2% 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 Wraysbury?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Wraysbury 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.
In Wraysbury, what is the social grade score?
In the city of Wraysbury, the social grade score of the area is 14%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Wraysbury.
|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|
Is the education level of Wraysbury important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Wraysbury is 23%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Wraysbury is £51,800.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
How much green space is available to residents of Wraysbury?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Wraysbury currently has 6.1 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Wraysbury in this case.
Are the people in Wraysbury earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Wraysbury, the average income is £51,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 14% to decide on what the demographics are like in the area.
Advice from experts on properties for sale in Wraysbury
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
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 Wraysbury
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.
houses for sale in other cities in the UK
We have prepared a list of cities in Greater London, the same UK region of Wraysbury that can help you evaluate the different houses for sale listed in the region:
- Earlsfield in Greater London
- Avery-Hill in Greater London
- Bean in Greater London
- Blackheath in Greater London
- Caterham in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.