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 Addington, Buckinghamshire.
From the average asking price of houses for sale in Addington to the growth of the population in the area, all will be talked about regarding the city of Addington. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Addington, what are the rental yields?
In Addington, how has the number of houses changed?
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 Addington at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Addington growth rate||3%||9%||13%|
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 Addington 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 Addington.
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 Addington to Buckinghamshire and the broader suburb of the UK; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Addington for profit in the future, in this case, looking at the data for the number of houses sold per month in Addington would give you an idea of whether the area is actively getting new investors. This figure is 181.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Addington. 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.
In general, what do houses for sale sell for in Addington?
For the city of Addington, the average price a house sells for is £392,808. This value usually depends on the exact location of the house within Addington as well as other factors like the population growth in Addington which is 9% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£583,744|
|Aerage sold price (semi-detached)||£413,345|
|Aerage sold price (terraced)||£338,782|
|Aerage sold price (flat)||£249,280|
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 Addington.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,058|
|Aerage sold price/sqft (new build)||£4,445|
|Aerage sold price/sqft (old stock)||£3,990|
Generalising the bottom table, the average value per square foot of a house for sale is £4,208. This value averages all of the types of houses for sale in Addington. 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 Addington.
What are the demographics like in the city of Addington?
In Addington, what is the social grade score?
In the city of Addington and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Addington has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 30%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|Social Score||Category||The proportion of the UK population (%)|
|A||Professional, managerial or administrative||4|
|B||Intermediate managerial or professional jobs||23|
|C1||Supervisory, junior managerial or professional jobs||29|
|C2||Skilled manual workers||21|
|D||Semi and unskilled manual workers||15|
|E||State pensioners, casual & lowest grade workers||8|
In general, do people commit a lot of crime in Addington?
Within Addington, the number of people committing crimes is 87 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 87 figure carefully.
In Addington, what are the deprivation levels like?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Addington is 19%.
Addington in the county of Buckinghamshire 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 Addington 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 Addington, 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 Addington, is there a lot of green space?
Whether you view green space in Addington 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 Addington, the number of acres of green space for every 1000 people currently is 21.9 which can be measured against the UK average of 1.7.
In Addington, 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 Addington is 254,493.
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 Addington.
In Addington, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Addington 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 (3%) 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.
Addington population difference over 10 years?
The population has adjusted in the area of Addington 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 Addington.
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.
How much do people in Addington 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.
£55,625 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 30% for Addington.
In Addington, how educated are people in general?
In Addington, the proportion of people who have a degree is 32%. 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 Addington is £55,625.
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.
On average, what is the figure for the asking price of a house for sale in Addington?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Addington determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £463,872.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Addington.
The average asking price for the houses for sale in the city of Addington
|Average asking price (1 bed)||£249,528|
|Average asking price (2 bed)||£334,793|
|Average asking price (3 bed)||£460,043|
|Average asking price (4 bed)||£646,302|
|Average asking price (5 bed)||£862,379|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Addington and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £3,510 should also give you an overview of what the asking price for houses for sale are in general.
Get professional help on the houses for sale in Addington
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Addington?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Addington which is South East. You might want to consider these as alternatives for your next real estate investment:
- Bexhill in South East
- Cowden in South East
- Baldslow in South East
- Ham-Hill in South East
- Burridge in South East
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.