Sutton – What to look for in houses for sale?

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

Get professional help on the houses for sale in Sutton

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

• Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
• Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
• Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
• Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
• Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
• Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

In general, what do houses for sale sell for in Sutton?

In Sutton, houses for sale are sold at an average of £409,554. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Sutton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

As you can see above, for Sutton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 9% where lots of movement may inflate or deflate house prices.

Looking at the second table about Sutton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Sutton is £4,498.

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 Sutton.

• 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.

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

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

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 Sutton at 1 year, 3 year and 5 year intervals:

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 Sutton 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 Sutton.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Sutton, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).

What are the demographics like in the city of Sutton?

Sutton in the county of London 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 Sutton is located in; Greater London.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Sutton, 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.

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

The city of Sutton has a total population of 139921. 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 Sutton 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 Sutton

Over time, in the last five years, the population of the city of Sutton 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 Sutton?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Sutton 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.

What salary does the community in Sutton 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.

£53,900.00 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 0.252 for Sutton.

Is the education level of Sutton important when buying a house?

In the city of Sutton, 29% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Sutton is £53,900.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Do the people of Sutton get to enjoy green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Sutton currently has 13 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Sutton in this case.

What is the social grade score of Sutton?

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 Sutton, the percentage of people in the two highest categories, A and B is 0.252. 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 £53,900.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (0.252).

In Sutton, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Sutton, currently, £0 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 Sutton, what is the crime rate?

In Sutton, for every 1000 people, there is currently a crime rate of 88.6. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (88.6 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

In Sutton, what is the asking price in general for a house for sale?

On average, in Sutton, the asking price for a house for sale in the area is £452,141.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Sutton. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Table showing the asking prices for houses for sale in Sutton

After looking at this table about prices of houses for sale in Sutton, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £3,270 will help them to have a more holistic understanding.

Other cities in different locations you can consider to buy property

If you are looking for a list of cities that are different to the City of Sutton and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:

• beamhurst in Greater London
• bray in Greater London
• ancroft in Greater London
• dumbleton in Greater London
• clouston in Greater London

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

FAQ (Frequently Asked Questions)

Do properties in Sutton have the potential for renovation?

Sutton is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 7 each month, attaining a success rate of nan and a total population of 139921. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

In Sutton, how many property sales per month are there?

In Sutton, the monthly property transaction count reaches 18, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the annual population shift in a city such as Sutton?

For a comprehensive analysis of Sutton’s population trends, observe the population fluctuation over a decade, indicated by 9%, and the five-year alteration represented by 4%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Sutton, what is the cost of houses available for sale?

The average asking price of a house in Sutton is currently £3,270 based on the average price per square foot.

Is purchasing a house in Sutton considered a costly decision?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Sutton this number is £409,554 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house