Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Doversgreen, Surrey.
From the average asking price of houses for sale in Doversgreen, to the growth of the population in the area, all will be talked about regarding the city of Doversgreen. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the demographics like in the city of Doversgreen?
In the city of Doversgreen, has the population grown or shrunk?
The city of Doversgreen has a total population of 26,096. 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 Doversgreen 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 Doversgreen
Over time, in the last five years, the population of the city of Doversgreen has changed by 4%. 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 4% 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 Doversgreen?
In the last 10 years, there has been a shift in the population of 9%.
Comparing this to the 5 year figure of Doversgreen 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 Doversgreen, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Doversgreen is 14% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
Doversgreen 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 Doversgreen 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 Doversgreen, 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.
What is the education level like in Doversgreen?
In the city of Doversgreen, 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 Doversgreen is £61,400.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How much do people in Doversgreen earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£61,400 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 43% for Doversgreen.
What’s crime like in Doversgreen?
The crime rate of Doversgreen 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 64, 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 (64) is both useful and is recommended to be compared to the average.
Is there sufficient green space in Doversgreen?
In the city of Doversgreen, there are 27.4 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 Doversgreen is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s a social grade score and how does it relate to Doversgreen?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Doversgreen compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Doversgreen, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 43%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Doversgreen?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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.
What is the final sale price of a house in Doversgreen?
For the city of Doversgreen, the average price a house sells for is £519,177. This value usually depends on the exact location of the house within Doversgreen as well as other factors like the population growth which is 9% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £940,242 |
| Aerage sold price (semi-detached) | £535,235 |
| Aerage sold price (terraced) | £467,834 |
| Aerage sold price (flat) | £301,394 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Doversgreen.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,910 |
| Aerage sold price/sqft (new build) | £5,030 |
| Aerage sold price/sqft (old stock) | £4,830 |
Generalising the bottom table, the average value per square foot of a house for sale is £5,160. This value averages all of the types of houses for sale in Doversgreen. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Doversgreen.
Get professional help on the houses for sale in Doversgreen
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
What is the asking price on average of houses for sale in Doversgreen?
Table showing the asking prices for houses for sale in Doversgreen
| Average asking price (1 bed) | £263,442 |
| Average asking price (2 bed) | £394,898 |
| Average asking price (3 bed) | £607,554 |
| Average asking price (4 bed) | £944,284 |
| Average asking price (5 bed) | £1,476,786 |
After looking at this table about prices of houses for sale in Doversgreen, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £5,410 will help them to have a more holistic understanding.
When investors make offers for houses for sale in Doversgreen, the average price asked by the homeowners works out to be £571,738.
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 Doversgreen 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.
Are you considering 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 Doversgreen:
- Farnham-Common in South East
- Chineham in South East
- Cove in South East
- Ashurst in South East
- Forest-Row in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Always consider average rental yield when searching for houses for sale in Doversgreen
Are there more or fewer houses being built in Doversgreen?
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 Doversgreen at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Doversgreen growth rate | 9% | 17% | 25% |
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 Doversgreen 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 Doversgreen.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Doversgreen.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Surrey) as well as the broader region; South East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Doversgreen | 3.2% | £1,524 | 140% | 15.0% |
| Surrey | 3.38% | £1,657 | 117.61% | 16.05% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Also, you can compare other data to the table above such as the number of houses sold per month in Doversgreen which is 24 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Doversgreen is to invest in. Both in terms of rental yield and capital appreciation.
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