As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Deepcut. 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 Deepcut 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 Deepcut will be revealed. Keep reading.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Deepcut?
Here below is our list with the most important ones:
-
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
-
House Location – the actual location of a house for sale drastically changes the final price of a property
-
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
-
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
-
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
-
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
-
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
-
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
-
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Why you should consider the average rental yield when searching for houses for sale in Deepcut
What is the growth in the housing market of Deepcut?
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 Deepcut that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Deepcut growth rate | 6% | 12% | 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 Deepcut 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 Deepcut, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Surrey, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Deepcut | 3.6% | £1,491 | no relevant data for this city | 16.0% |
| Surrey | 3.38% | £1,657 | 117.61% | 16.05% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Deepcut you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Deepcut with the above table gives you a good understanding of the profitability of the area.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to South East, the same region where Deepcut is located.
- Betchworth in South East
- Aylesford in South East
- Ancton in South East
- Lightwater in South East
- Borough-Green in South East
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
What are the asking prices for the houses for sale in the city of Deepcut?
Average prices for the houses for sale in Deepcut
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £352,219 |
| Average asking price (3 bed) | £466,633 |
| Average asking price (4 bed) | £646,210 |
| Average asking price (5 bed) | £862,500 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Deepcut 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.
When investors make offers for houses for sale in Deepcut, the average price asked by the homeowners works out to be £495,774.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Deepcut is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Invest in houses for sale in Deepcut with the right professional advice
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
In general, for the city of Deepcut, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Deepcut. In Deepcut, this sale price works out to be £409,548. As an example, a factor like population growth over the last 10 years which works out to be 4% in Deepcut and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £530,989 |
| Average sold price (semi-detached) | £394,943 |
| Average sold price (terraced) | £335,326 |
| Average sold price (flat) | £231,724 |
Above, the exact type of house is also shown to vary in price in a table in Deepcut. 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 | £4,020 |
| Average sold price/sqft (new build) | £4,120 |
| Average sold price/sqft (old stock) | £3,970 |
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 Deepcut which is £4,020. 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 Deepcut, what are the demographics like?
What’s crime like in Deepcut?
For the city of Deepcut, crime rate is at 63. So for every 1000 people in the area, 63 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.
How much green space is available to residents of Deepcut?
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 Deepcut, the city has 17.5 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 Deepcut.
In Deepcut, 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 Deepcut, in particular, the deprivation levels are 15%.
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 does the population of Deepcut look like?
The city of Deepcut has a total population of 23,553. 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 Deepcut 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 Deepcut
Over time, in the last five years, the population of the city of Deepcut 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 Deepcut?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Deepcut 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.
How educated are the people in Deepcut?
Interestingly, the percentage of people who have a degree in the city of Deepcut is 32%. 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 Deepcut is £61,700.
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.
In the city of Deepcut, 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 Deepcut 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 Deepcut in South East.
Are the people in Deepcut earning a lot?
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 £61,700.
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 Deepcut this figure is 32%.
What is the city of Deepcut’s social grade score?
In the city of Deepcut 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 Deepcut has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 32%.
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 |
Recent Comments