How much does a house for sale cost in Caversham?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much does a house for sale cost in Caversham?

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

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

Are there any important statistics about the population of Caversham?

In the city of Caversham, how much green space remains for residents?

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 Caversham, the city has 25.5 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 Caversham.

What is the population of Caversham?

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.

How educated are the people in Caversham?

The number of people as a percentage who have been through university and gained a degree is 42%. The ability to buy a home is greatly influenced by the number of people who have degrees. £63,300 is the amount people in Caversham 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 Caversham, 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.

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

Caversham in the county of Berkshire 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 Caversham is located in; South East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Caversham, 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.

Are the people of Caversham deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Caversham, currently, 18% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What’s crime like in Caversham?

In Caversham, for every 1000 people, there is currently a crime rate of 49. 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 (49 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.

How much do people in Caversham earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (46%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Caversham, this works out to be £63,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s the rental yield in general for the city of Caversham?

Is the housing market in Caversham growing?

The growth of an area like Caversham 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
Caversham growth rate 2% 13% 14%

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

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Caversham. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Caversham.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Berkshire), a regional level (South East) and finally on the level of the city talked about in this article, Caversham.

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%

You may also find it useful to compare the data above to the number of properties sold per month Caversham experiences. This figure for house sales per month is 32. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Asking price in Caversham for a house for sale

In the city of Caversham, what is the average asking price for the houses for sale?

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.

On average, in Caversham, the asking price for a house for sale in the area is £574,098.

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 Caversham. 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.

What is the final sale price of a house in Caversham?

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.