A guide on houses for sale in Hook Heath

As a landlord, whenever you are looking at houses for sale in Surrey, you could find varying prices throughout an area like Hook Heath. 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 Hook Heath 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 Hook Heath will be revealed. Keep reading.

In general, for the city of Hook Heath, what are the final purchase prices for the houses for sale?

As well as looking at the asking price for house for sale in Hook Heath, 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 Hook Heath.

Houses for sale, are sold on average in Hook Heath, after the influence of these factors, at £474,841 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 2% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £830,578
Aerage sold price (semi-detached) £442,903
Aerage sold price (terraced) £419,993
Aerage sold price (flat) £280,534

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

Housing category Sale price per square foot
Aerage sold price/sqft £4,540
Aerage sold price/sqft (new build) £4,280
Aerage sold price/sqft (old stock) £4,560

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 Hook Heath is £4,770.

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 kind of demographics does the city of Hook Heath have?

What’s the crime rate in Hook Heath?

For the city of Hook Heath, crime rate is at 76. So for every 1000 people in the area, 76 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 deprived is the population of Hook Heath?

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 Hook Heath is 16% 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.

Do the people of Hook Heath get to enjoy green space?

In the city of Hook Heath, there are 55.8 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 Hook Heath is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Are the people in Hook Heath earning a lot?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (44%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Hook Heath, this works out to be £65,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is the population of Hook Heath?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Hook Heath is 33,068.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Hook Heath.

In Hook Heath, how has the population changed over the last five years?

In the last five years, over time, the change in population size was -1%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Hook Heath is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (-1%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Hook Heath population difference over 10 years?

The population has adjusted in the area of Hook Heath by 2% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Hook Heath.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

What is the education level like in Hook Heath?

In Hook Heath, the proportion of people who have a degree is 43%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Hook Heath is £65,100.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

What is the social grade score of Hook Heath?

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 Hook Heath, the percentage of people in the two highest categories, A and B is 44%. 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 £65,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (44%).

Hook Heath within Surrey is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Hook Heath will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Hook Heath.

In Hook Heath, what are the rental yields?

What is the growth in the housing market of Hook Heath?

The growth of an area like Hook Heath 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
Hook Heath growth rate -13% 6% 3%

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

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 Hook Heath.

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)
Hook Heath 3.4% £1,465 140% 18.0%
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 Hook Heath which is 29 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 Hook Heath is to invest in. Both in terms of rental yield and capital appreciation.

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

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 Hook Heath is £513,247.

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

Average asking prices for houses for sale in Hook Heath

Average asking price (1 bed) £234,138
Average asking price (2 bed) £342,167
Average asking price (3 bed) £546,529
Average asking price (4 bed) £857,314
Average asking price (5 bed) £1,402,500

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Hook Heath is £5,010. This should show you the general prices overall and for individual types of houses too.

Invest in houses for sale in Hook Heath with the right professional advice

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

Invest in a house for sale that meets your demands

What parameters impact the final price of a house for sale in Hook Heath?
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.

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 Hook Heath:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK