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What is it like buying a house in Horsell?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ What is it like buying a house in Horsell?

Horsell 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 Surrey.
Before looking for a house for sale in the city of Horsell 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 Horsell.

Are there any important statistics about the population of Horsell?

How educated are the people in Horsell?

In Horsell, the proportion of people who have a degree is 36%. 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 Horsell is £59,800.

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.

Horsell 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 Horsell 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 Horsell, 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.

Do the people of Horsell get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Horsell, 12.8 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Horsell.

In Horsell, what is the crime rate?

For every one thousand people living in Horsell, 95 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 95 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

What is the social grade score of Horsell?

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 Horsell, the percentage of people in the two highest categories, A and B is 35%. 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 £59,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (35%).

How much do people in Horsell 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.

£59,800 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 35% for Horsell.

Have the people of Horsell grown in numbers?

Population growth in Horsell is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Horsell, 50,201 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Horsell in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Horsell, this change has been -1%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of -1%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Horsell?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 2% in Horsell.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In Horsell, what are the deprivation levels like?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 18% for Horsell should give you a nice idea of the deprivation in the area.

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

When investors make offers for houses for sale in Horsell, the average price asked by the homeowners works out to be £478,296.

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 Horsell 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.

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

Average asking price (1 bed) £230,348
Average asking price (2 bed) £341,613
Average asking price (3 bed) £508,651
Average asking price (4 bed) £746,146
Average asking price (5 bed) £1,189,412

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 Horsell is £4,810. This should show you the general prices overall and for individual types of houses too.

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

For the city of Horsell, the average price a house sells for is £405,094. This value usually depends on the exact location of the house within Horsell as well as other factors like the population growth in Horsell which is 2% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £682,206
Aerage sold price (semi-detached) £435,843
Aerage sold price (terraced) £348,113
Aerage sold price (flat) £251,051

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 Horsell.

Housing category Sale price per square foot
Aerage sold price/sqft £4,660
Aerage sold price/sqft (new build) £4,950
Aerage sold price/sqft (old stock) £4,630

Generalising the bottom table, the average value per square foot of a house for sale is £4,730. This value averages all of the types of houses for sale in Horsell. 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 Horsell.

Why you should consider the average rental yield when searching for houses for sale in Horsell

Are there more or fewer houses being built in Horsell?

Before committing to Horsell to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Horsell growth rate -4% 5% 1%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Horsell is building housing to find your answer.

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 Horsell to Surrey and the broader suburb of the UK; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Horsell 3.3% £1,324 140% 24.0%
Surrey 3.38% £1,657 117.61% 16.05%
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 Horsell for profit in the future, in this case, looking at the data for the number of houses sold per month in Horsell would give you an idea of whether the area is actively getting new investors. This figure is 43.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Horsell. 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.

Get professional help on the houses for sale in Horsell

Choose the right house for sale that suits your needs

When browsing houses for sale in Horsell you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Other cities you can consider looking for 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 Horsell:

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

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