As a landlord, whenever you are looking at houses for sale in Berkshire, you could find varying prices throughout an area like Caversham. 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 Caversham 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 Caversham will be revealed. Keep reading.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Caversham.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Who can help you buy a house for sale in Caversham?
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
Always consider average rental yield when searching for houses for sale in Caversham
Is the housing market in Caversham growing?
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 Caversham that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Caversham growth rate | 2% | 13% | 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 Caversham is important.
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 Caversham this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside Berkshire 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 Caversham.
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) | |
|---|---|---|---|---|
| Caversham | 2.8% | £1,341 | 140% | 18.0% |
| Berkshire | 3.60% | £1,479 | 129.52% | 16.23% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
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 Caversham.
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 (32) will be useful.
What are the people like in Caversham?
Is there sufficient green space in Caversham?
In the city of Caversham, there are 25.5 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Caversham is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Caversham, what are the deprivation levels like?
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 Caversham, in particular, the deprivation levels are 18%.
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 Caversham, how has the population changed?
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 Caversham is 39,160.
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 Caversham.
In Caversham, 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 Caversham 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.
Caversham population difference over 10 years?
The population has adjusted in the area of Caversham 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 Caversham.
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.
Is the education level of Caversham important when buying a house?
In the city of Caversham, 42% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Caversham is £63,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Located in Berkshire is the city of Caversham, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Caversham has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Caversham which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What is a social grade score and how does this relate to Caversham?
In the city of Caversham 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 Caversham has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 46%.
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 |
Are the people in Caversham 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 Caversham, the average income is £63,300. 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 46% to decide on what the demographics are like in the area.
What’s crime like in Caversham?
The crime rate of Caversham must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 49, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (49) is both useful and is recommended to be compared to the average.
In Caversham, what do houses for sale tend to sell for?
In Caversham, the average sale price of a house for sale is in fact £453,702. This is dependent on the 10 year population growth of Caversham being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Caversham.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £653,147 |
| Aerage sold price (semi-detached) | £455,049 |
| Aerage sold price (terraced) | £354,891 |
| Aerage sold price (flat) | £252,454 |
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 Caversham.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,270 |
| Aerage sold price/sqft (new build) | £4,600 |
| Aerage sold price/sqft (old stock) | £4,240 |
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 £4,640. This means if you are just looking out the houses sold in Caversham in general and didn’t take into consideration the type of build. For example, a new build.
What is the asking price on average of houses for sale in Caversham?
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 Caversham is £574,098.
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 Caversham is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Caversham
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £377,380 |
| Average asking price (3 bed) | £520,413 |
| Average asking price (4 bed) | £806,038 |
| Average asking price (5 bed) | £1,196,905 |
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 (£5,010) for houses for sale with this table to get a good idea as to whether Caversham is the right area to buy a house in for you.
Thinking about other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Caversham:
- Aldworth in South East
- Broadstairs in South East
- Bracknell in South East
- Cliffs-End in South East
- Medway in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
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