Grayshott – What to look for in houses for sale?

by | Nov 15, 2022

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Grayshott 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 Hampshire.
Before looking for a house for sale in the city of Grayshott 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 Grayshott.

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

For the city of Grayshott, the average price a house sells for is £529,659. This value usually depends on the exact location of the house within Grayshott as well as other factors like the population growth in Grayshott which is 6% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £742,339
Aerage sold price (semi-detached) £473,667
Aerage sold price (terraced) £376,399
Aerage sold price (flat) £235,641

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 Grayshott.

Housing category Sale price per square foot
Aerage sold price/sqft £4,050
Aerage sold price/sqft (new build) £4,670
Aerage sold price/sqft (old stock) £3,930

Generalising the bottom table, the average value per square foot of a house for sale is £4,050. This value averages all of the types of houses for sale in Grayshott. 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 Grayshott.

On average, what is the figure for the asking price of a house for sale in Grayshott?

The average asking price for the houses for sale in the city of Grayshott

Average asking price (1 bed) £184,545
Average asking price (2 bed) £317,908
Average asking price (3 bed) £613,815
Average asking price (4 bed) £920,765
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Grayshott has a lack of supply of housing in certain categories.

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 Grayshott is £603,866.

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 Grayshott is useful when negotiating and knowing what to expect for every type of house for sale.

In Grayshott, what are the demographics like?

What is a social grade score and how does this relate to Grayshott?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Grayshott, the percentage of people in the two highest categories, A and B is 41%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £56,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (41%).

Is the crime rate bad in the city of Grayshott?

The crime rate of Grayshott 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 44, 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 (44) is both useful and is recommended to be compared to the average.

How much green space is available to residents of Grayshott?

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 Grayshott, the city has 46.1 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 Grayshott.

Are the deprivation levels of the UK any different to Grayshott?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Grayshott, currently, 13% 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.

In the city of Grayshott, has the population grown or shrunk?

In total, the number of people in Grayshott is 7,337. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Grayshott, depending on where exactly you are.

How has Grayshott changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Grayshott has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Grayshott?

6% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Grayshott have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

What salary does the community in Grayshott take home?

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 Grayshott, the average income is £56,900. 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 41% to decide on what the demographics are like in the area.

In the city of Grayshott, 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 Hampshire for example.

These demographics for Grayshott 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 Grayshott in South East.

In Grayshott, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 40%. The ability to buy a home is greatly influenced by the number of people who have degrees. £56,900 is the amount people in Grayshott 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 Grayshott, 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.

How are rental yields of the houses for sale different to the rest of the UK in Grayshott?

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Grayshott to Hampshire and the broader suburb of the UK; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Grayshott 2.2% £1,087 no relevant data for this city 14.0%
Hampshire 3.67% £1,199 129.21% 20.71%
South East 3.58% £1,301 127.50% 16.69%

Let’s assume you want to sell the house you’re looking to buy in Grayshott for profit in the future, in this case, looking at the data for the number of houses sold per month in Grayshott would give you an idea of whether the area is actively getting new investors. This figure is 7.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Grayshott. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

Are there new houses being built in Grayshott to make it grow?

Whenever you are thinking about looking for houses for sale in Grayshott, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Grayshott growth rate -13% 2% 9%

As the population of Grayshott grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.