How much will you pay for a house for sale in Grayswood?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much will you pay for a house for sale in Grayswood?

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

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

What are the demographics like in the city of Grayswood?

What is the education level like in Grayswood?

Interestingly, the percentage of people who have a degree in the city of Grayswood is 42%. 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 Grayswood is £53,900.

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 Grayswood, 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 Grayswood 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 Grayswood in South East.

What is the city of Grayswood’s social grade score?

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 Grayswood, the percentage of people in the two highest categories, A and B is 39%. 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 £53,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (39%).

Have the people of Grayswood grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Grayswood if 17,809 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Grayswood such as rental yield or house appreciation.

How has the population size of Grayswood adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Grayswood by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Grayswood?

In the last decade, the population of Grayswood has been adjusted by 5%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

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

Whether you view green space in Grayswood as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Grayswood, the number of acres of green space for every 1000 people currently is 9.1 which can be measured against the UK average of 1.7.

How deprived is the population of Grayswood?

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 Grayswood 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.

What’s the crime rate in Grayswood?

The crime rate of Grayswood 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.

What salary does the community in Grayswood take home?

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.

£53,900 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 39% for Grayswood.

In Grayswood, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Grayswood, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Grayswood.

Houses for sale, are sold on average in Grayswood, after the influence of these factors, at £518,780 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £822,661
Aerage sold price (semi-detached) £448,715
Aerage sold price (terraced) £368,031
Aerage sold price (flat) £250,259

This table above shows the average sale price for each variation of houses for sale in Grayswood.

Housing category Sale price per square foot
Aerage sold price/sqft £4,420
Aerage sold price/sqft (new build) £4,510
Aerage sold price/sqft (old stock) £4,380

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Grayswood is £4,420.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What are the asking prices for the houses for sale in the city of Grayswood?

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

Average asking price (1 bed) £199,575
Average asking price (2 bed) £348,401
Average asking price (3 bed) £593,149
Average asking price (4 bed) £916,248
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Grayswood 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 Grayswood, the average price asked by the homeowners works out to be £592,246.

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 Grayswood 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.

Always consider average rental yield when searching for houses for sale in Grayswood

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 Grayswood.

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)
Grayswood 2.4% £1,193 no relevant data for this city 17.0%
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 Grayswood which is 17 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 Grayswood is to invest in. Both in terms of rental yield and capital appreciation.

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

The growth of an area like Grayswood 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
Grayswood growth rate 5% 12% 16%

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

Get professional help on the houses for sale in Grayswood

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

Choose the right house for sale that suits your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Grayswood.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Are you considering other cities with houses for sale?

We have prepared a list of cities in South East, the same UK region of Grayswood that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.