As a landlord, whenever you are looking at houses for sale in addington, you could find varying prices throughout an area like Addington. 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 Addington 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 Addington will be revealed. Keep reading.
In Addington, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Addington, the average price asked by the homeowners works out to be addington.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Addington is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
The average asking price for the houses for sale in the city of Addington
|Average asking price (1 bed)||Greater London|
|Average asking price (2 bed)||greater-london|
|Average asking price (3 bed)||https://lofti.co/house-for-sale/other-greater-london/|
|Average asking price (4 bed)||https://lofti.co/rightmove/addington/|
|Average asking price (5 bed)||addington|
After looking at this table about prices of houses for sale in Addington, 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 £75 will help them to have a more holistic understanding.
Who can help you buy a house for sale in Addington?
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, for the city of Addington, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Addington. In Addington, this sale price works out to be nan. As an example, a factor like population growth over the last 10 years which works out to be 7500% in Addington and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£0|
|Average sold price (semi-detached)||£1|
|Average sold price (terraced)||£65|
|Average sold price (flat)||nan|
Above, the exact type of house is also shown to vary in price in a table in Addington. 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||nan|
|Average sold price/sqft (new build)||no relevant data for this city|
|Average sold price/sqft (old stock)||£727|
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 Addington which is CR0. 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.
How are rental yields of the houses for sale different to the rest of the UK in Addington?
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||Greater London||greater-london||https://lofti.co/house-for-sale/other-greater-london/|
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.
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 Addington.
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 (addington) as well as the broader region; Greater London.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|addington||nan||no relevant data for this city||72700.00%||6500.00%|
Also, you can compare other data to the table above such as the number of houses sold per month in Addington which is 75 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 Addington is to invest in. Both in terms of rental yield and capital appreciation.
What are the people like in Addington?
Addington within addington is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Addington will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). 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 Addington.
What’s crime like in Addington?
Within Addington, the number of people committing crimes is nan 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 nan figure carefully.
Is the education level of Addington important when buying a house?
In Addington, the proportion of people who have a degree is nan. 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 £0.19.
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.
How much do people in Addington earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Addington. Compare the area’s average household income of £0.19 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 6500% for more conclusive data on the affluence of the area.
What is the city of Addington’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Addington compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Addington, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 6500%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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 Addington, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Addington if https://lofti.co/rightmove/addington/ and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Addington such as rental yield or house appreciation.
How has the population size of Addington adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Addington by addington. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this addington change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Addington?
In the last decade, the population of Addington has been adjusted by 7500%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Addington, what are the deprivation levels like?
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 £1 for Addington should give you a nice idea of the deprivation in the area.
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 nan which can be measured against the UK average of 1.7.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Addington.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)A guide from the UK government
- House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
- Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
- Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
- Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
- Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
- Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
- Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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 Addington and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:
- chichester in Greater London
- barnsbury in Greater London
- inverness in Greater London
- bickley in Greater London
- barnet 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.
Frequently Asked Questions (FAQ)
If you are a landlord, should you renovate a property in the city of Addington?
Every single month in Addington, there are 65 planning applications, of which nan result in a success. Look at this in terms of the population size of https://lofti.co/rightmove/addington/ to work out if you think you’d have good planning success if you were to renovate.
In Addington, how many property sales per month are there?
In the city of Addington, there are 75 and in the total for the UK, there are around 1.1 million property sales.
What’s the annual population shift in a city such as Addington?
To assess the shifts in Addington’s population over time, analyse how the population has altered. Look at the ten year change of population of 7500%, alongside the five-year change of CR0.
prices for houses on sale in the broader vicinity of Addington?
The current average price per square foot for a house in Addington stands at £75, considering the mean cost for each square foot of houses for sale there.
Would acquiring a house for sale in Addington be regarded as a high-priced option?
Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Addington, this figure stands at nan, while the UK average is £286,500.