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A guide on houses for sale in Abbotskerswell

by | Nov 15, 2022

Home $ House for sale in the UK $ A guide on houses for sale in Abbotskerswell

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Abbotskerswell 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 Devon.
Before looking for a house for sale in the city of Abbotskerswell 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 Abbotskerswell.

What are the demographics like in the city of Abbotskerswell?

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. £40,200.00 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.

How deprived is the population of Abbotskerswell?

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 £0 for Abbotskerswell should give you a nice idea of the deprivation in the area.

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

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Abbotskerswell in grades A or B which are the highest skilled roles in the country is 20%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £40,200.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 20%.

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 £40,200.00. 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.

In Abbotskerswell, what is the crime rate?

For every one thousand people living in Abbotskerswell, 6900% 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 6900% 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.

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.

Do the people of Abbotskerswell 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 Abbotskerswell, 17 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 Abbotskerswell.

In Abbotskerswell, how has the population changed?

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 Abbotskerswell is 53123.

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 Abbotskerswell.

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

In the last five years, over time, the change in population size was 5%. 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 Abbotskerswell 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 (5%) 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.

Abbotskerswell population difference over 10 years?

The population has adjusted in the area of Abbotskerswell by 9% 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 Abbotskerswell.

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 asking price on average of houses for sale in Abbotskerswell?

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 Abbotskerswell is £345,339.

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

Table showing the asking prices for houses for sale in 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

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,860. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Abbotskerswell has a lack of supply of housing in certain categories.

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

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale appropriate to your needs

When browsing houses for sale in Abbotskerswell 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
  • 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.

Are you considering other cities with houses for sale?

If you are looking for a list of cities that are different to the City of Abbotskerswell and in different UK region to 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 which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Abbotskerswell. In Abbotskerswell, this sale price works out to be £251,982. As an example, a factor like population growth over the last 10 years which works out to be 9% in Abbotskerswell and impacts house prices of the houses for sale.

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

Above, the exact type of house is also shown to vary in price in a table in Abbotskerswell. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

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

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Abbotskerswell which is £2,750. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Always consider average rental yield when searching for houses for sale in Abbotskerswell

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Abbotskerswell.

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 (Devon) as well as the broader region; South West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbotskerswell £0 £877 £1 £0
Devon 3.48% £949.47 131.12% 16.20%
South West 0.04 1,078.69 £1 17.35%

Also, you can compare other data to the table above such as the number of houses sold per month in Abbotskerswell which is 41 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 Abbotskerswell is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Abbotskerswell?

The growth of an area like Abbotskerswell 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
Abbotskerswell growth rate 4% 18% 24%

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

FAQ

Are there opportunities for property renovation in Abbotskerswell?

Every single month in Abbotskerswell, there are 25 planning applications, of which nan result in a success. Look at this in terms of the population size of 53123 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Abbotskerswell?

The city of Abbotskerswell sees around 41 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

How does the population in a city like Abbotskerswell change annually?

When evaluating the population trajectory of Abbotskerswell, explore the decade-spanning population shift of 9% and the five-year modification of population of 5%. By drawing comparisons, see if demographic changes in your chosen area is

prices for houses on sale in the broader vicinity of Abbotskerswell?

Currently, the mean asking price of a house in Abbotskerswell is £2,860, calculated using the average value per square foot

Does opting for a house for sale in Abbotskerswell come with a hefty price tag?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Abbotskerswell, the value is £251,982, whereas the UK’s mean is £286,500

Find an estate agent where you’re looking to buy in Abbotskerswell

When buying, having the right expertise when navigating Abbotskerswell and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent name Phone number Address of agent Email Address
Sample Mills 441626897155 3 Bank Street, Newton Abbot, TQ12 2JL Phone number only
Relocate Homes 441626295927 59 Queen Street, Newton Abbot, TQ12 2AU Phone number only
Coast & Country 441626897261 78 Queen Street, Newton Abbot, TQ12 2ER Phone number only
Carrick Johnson 441626335090 16 Wolborough Street Carrick Johnson (carrick.johnson@carrickjohnson.com)
Teignbridge Letting Co 441626330575 42 FORE ST Elizabeth Rollason (enquiries@tlc-lettings.co.uk)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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