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How much will you pay for a house for sale in Abbotskerswell?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Abbotskerswell?

Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Abbotskerswell, Devon.

From the average asking price of houses for sale in Abbotskerswell to the growth of the population in the area, all will be talked about regarding the city of Abbotskerswell. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In Abbotskerswell, what are the demographics like?

Is the crime rate bad in the city of Abbotskerswell?

Within Abbotskerswell, the number of people committing crimes is 69 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 69 figure carefully.

What does the population of Abbotskerswell look like?

The city of Abbotskerswell has a total population of 53,123. 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 Abbotskerswell 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 Abbotskerswell

Over time, in the last five years, the population of the city of Abbotskerswell has changed by 5%. 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 5% 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 Abbotskerswell?

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

Comparing this to the 5 year figure of Abbotskerswell 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 Abbotskerswell 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 Abbotskerswell, the average income is £40,200. 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 20% to decide on what the demographics are like in the area.

Abbotskerswell within Devon is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Abbotskerswell will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). 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 Abbotskerswell.

What’s a social grade score and how does it relate to Abbotskerswell?

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 Abbotskerswell, the percentage of people in the two highest categories, A and B is 20%. 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 £40,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (20%).

Are the people of Abbotskerswell deprived?

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 Abbotskerswell is 23% 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 Abbotskerswell?

Whether you view green space in Abbotskerswell as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Abbotskerswell, the number of acres of green space for every 1000 people currently is 16.8 which can be measured against the UK average of 1.7.

In Abbotskerswell, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 24%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,200 is the amount people in Abbotskerswell are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Abbotskerswell, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Asking price in Abbotskerswell for a house for sale

When speaking about the city of Abbotskerswell, £345,339 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Abbotskerswell.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £241,319
Average asking price (3 bed) £332,922
Average asking price (4 bed) £456,040
Average asking price (5 bed) £621,188

After looking at this table about prices of houses for sale in Abbotskerswell, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £2,860 will help them to have a more wholistic understanding.

What is the final sale price of a house in Abbotskerswell?

In Abbotskerswell, the average sale price of a house for sale is in fact £251,982. This is dependent on the 10 year population growth of Abbotskerswell being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abbotskerswell.

Housing category Total final sale price
Aerage sold price (detached) £328,740
Aerage sold price (semi-detached) £237,142
Aerage sold price (terraced) £188,397
Aerage sold price (flat) £129,917

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Abbotskerswell.

Housing category Sale price per square foot
Aerage sold price/sqft £2,640
Aerage sold price/sqft (new build) £2,640
Aerage sold price/sqft (old stock) £2,550

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £2,750. This means if you are just looking out the houses sold in Abbotskerswell in general and didn’t take into consideration the type of build. For example, a new build.

What’s the rental yield in general for the city of Abbotskerswell?

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Abbotskerswell. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Abbotskerswell.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Devon), a regional level (South West) and finally on the level of the city talked about in this article, Abbotskerswell.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbotskerswell 3.0% £877 140% 15.0%
Devon 3.48% £949 131.12% 16.20%
South West 3.57% £1,079 132.66% 17.35%

You may also find it useful to compare the data above to the number of properties sold per month Abbotskerswell experiences. This figure for house sales per month is 53. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In Abbotskerswell, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Abbotskerswell that shows the growth in recent years.

1 year 3 years 5 years
Abbotskerswell growth rate 4% 18% 24%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Abbotskerswell is important.

Invest in houses for sale in Abbotskerswell with the right professional advice

House for sale in the same UK region

See here below a list of cities in the same UK region of Abbotskerswell which is South West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

Choose the right house for sale that suits your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Abbotskerswell

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

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