As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Guildford Park. 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 Guildford Park 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 Guildford Park will be revealed. Keep reading.
House for sale in the same UK region
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 Guildford Park:
- Bishopstoke in South East
- Barcombe in South East
- Eastchurch in South East
- Beachlands in South East
- Doversgreen in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
A house for sale that is right for you
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 Guildford Park.
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.
Advice from experts on properties for sale in Guildford Park
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 Guildford Park, what are the demographics like?
In general, do people commit a lot of crime in Guildford Park?
For the city of Guildford Park, crime rate is at 86. So for every 1000 people in the area, 86 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.
Are the deprivation levels of the UK any different to Guildford Park?
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 Guildford Park is 17% 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.
How much green space is available to residents of Guildford Park?
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 Guildford Park, the city has 6.3 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 Guildford Park.
In Guildford Park, how has the population changed?
The city of Guildford Park has a total population of 33,976. 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 Guildford Park 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 Guildford Park
Over time, in the last five years, the population of the city of Guildford Park 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 Guildford Park?
In the last 10 years, there has been a shift in the population of 11%.
Comparing this to the 5 year figure of Guildford Park 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 much do people in Guildford Park earn?
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 Guildford Park, the average income is £53,300. 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 34% to decide on what the demographics are like in the area.
The city of Guildford Park, situated in Surrey, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Guildford Park and its demographics will be compared to its wider location (South East). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Guildford Park. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the city of Guildford Park’s social grade score?
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 Guildford Park 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 Guildford Park, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 34%.
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|
In Guildford Park, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Guildford Park is 37%. 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 Guildford Park is £53,300.
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.
Why you should consider the average rental yield when searching for houses for sale in Guildford Park
What is the growth in the housing market of Guildford Park?
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 Guildford Park at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Guildford Park growth rate||no relevant data for this city||14%||6%|
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 Guildford Park 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 Guildford Park.
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 Guildford Park, 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)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Guildford Park you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Guildford Park with the above table gives you a good understanding of the profitability of the area.
What is the asking price on average of houses for sale in Guildford Park?
When investors make offers for houses for sale in Guildford Park, the average price asked by the homeowners works out to be £511,520.
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 Guildford Park 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.
Table showing the asking prices for houses for sale in Guildford Park
|Average asking price (1 bed)||£224,333|
|Average asking price (2 bed)||£376,683|
|Average asking price (3 bed)||£520,305|
|Average asking price (4 bed)||£705,175|
|Average asking price (5 bed)||£833,333|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Guildford Park 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 £5,060 should also give you an overview of what the asking price for houses for sale are in general.
What is the final sale price of a house in Guildford Park?
For the city of Guildford Park, the average price a house sells for is £442,824. This value usually depends on the exact location of the house within Guildford Park as well as other factors like the population growth which is 11% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£644,304|
|Aerage sold price (semi-detached)||£446,884|
|Aerage sold price (terraced)||£390,232|
|Aerage sold price (flat)||£258,960|
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 Guildford Park.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,650|
|Aerage sold price/sqft (new build)||£5,650|
|Aerage sold price/sqft (old stock)||£4,600|
Generalising the bottom table, the average value per square foot of a house for sale is £4,860. This value averages all of the types of houses for sale in Guildford Park. 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 Guildford Park.