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EPSOM HOUSING MARKET

Your chances of getting on the property ladder in Epsom

According to the 2011 Census, the borough has a population of 75,200. The population is split more or less equally in terms of gender, with the 36,500 males comprising 48.5%, and the 38,700 females comprising 51.5%. There are 29,800 households in the borough, with an average of 2.49 people per household.

In terms of ethnicity, White British comprise the largest percentage of the resident population in the whole of Surrey, with 79%. Of all the 11 boroughs and districts in Surrey, Epsom & Ewell has the lowest percentage of ethnic minorities are defined as 6% White: Other White, 2% Indian, 4% Other Asian, which encompasses those of Bangladeshi, Pakistani, Arab and Chinese origin. The remaining 10% is defined as Other, a broad term that encompasses a range of ethnicities, those of African, Caribbean descent, as well as those belonging to any other ethnic group not stated.

Buying a home in Epsom and Ewell

As reported by the BBC, the average house price between April and June 2013 in the borough was £352,383. Considering the sharp rise in house prices across the South-East, it comes as little surprise that more up-to-date figures show that the average house price in Epsom is £404,848, whereas in Ewell the average house price is £406,598. Elsewhere in the borough, Stoneleigh has average house price of (£424,014) and in Epsom Downs the median house price is £422,168.

Such prices indicate that there may not be a great deal of scope for those on an average salary of £23,000 obtaining a mortgage. Yet if you have a salary of over £65,000 per year, Epsom is a great place to live. As well as being an easy commute into London, easy access to both Heathrow and Gatwick airports are available courtesy of thanks to the fact that the M25 sits nearby.

The most expensive house on the Epsom housing market is a six-bedroom detached house close to Epsom Downs and just a short walk from the Royal Automobile Golf and Country Club, currently on the market for £2.25 million. Known as the Ridge, this house is being offered by the Hamptons International Sales estate agents.

Renting in Epsom and Ewell

The average cost to rent property in Epsom is £1,452 per calendar month (PCM), which again puts it out of range for single people or single-income families on average salaries. This is why, as reported on this blog post from Epsom Removals, many of those wishing to rent in Epsom are opting for house shares. Considering the housing shortage that continues to affect Epsom and indeed the whole of the South-East region, house-sharing may well be the most financially sensible option for many.

Estate Agents in Epsom & Ewell

If you are thinking of buying or renting a property in the area, estate agents/letting agents in the borough are listed below:

Hamptons

145 High Street
Epsom
Surrey KT19 8EH
Telephone: 01372 826352

The Cairds Estate Agents

128-130 High Street
Epsom
Surrey KT19 8BT
Telephone: 01372 743033

Douglas & Co

10 High Street
Epsom
Surrey KT19 8AD
Telephone: 01372 722362

Michael Everett & Co

87 High Street
Epsom
Surrey KT19 8DP
Telephone: 01372 724477

Gascoigne Pees

1 High Street
Epsom
Surrey KT19 8DA
Telephone: 01372 826 194

Aston Mead Estate Agents

Waterloo House
1A Waterloo Road
Epsom Surrey KT19 8AY
Telephone: 01372 727071