As a landlord, whenever you are looking at houses for sale in Somerset, you could find varying prices throughout an area like Ashill. 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 Ashill 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 Ashill will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Ashill
Is the housing market in Ashill growing?
Whenever you are thinking about looking for houses for sale in Ashill, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Ashill growth rate||4%||19%||28%|
As the population of Ashill grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Ashill. 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 Ashill.
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 (Somerset), a regional level (South West) and finally on the level of the city talked about in this article, Ashill.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ashill||3.6%||£991||no relevant data for this city||15.7%|
You may also find it useful to compare the data above to the number of properties sold per month Ashill experiences. This figure for house sales per month is 44. 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.
What are the asking prices for the houses for sale in the city of Ashill?
Average asking prices for houses for sale in Ashill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£231,358|
|Average asking price (3 bed)||£305,787|
|Average asking price (4 bed)||£499,465|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Ashill 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 £883 should also give you an overview of what the asking price for houses for sale are in general.
When investors make offers for houses for sale in Ashill, the average price asked by the homeowners works out to be £346,381.
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 Ashill 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.
Are there any important statistics about the population of Ashill?
What’s a social grade score and how does it relate to Ashill?
In the city of Ashill, the social grade score of the area is 19%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Ashill.
|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|
Is the crime rate bad in the city of Ashill?
In Ashill, for every 1000 people, there is currently a crime rate of 55. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (55 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
How much green space is available to residents of Ashill?
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 Ashill, 13.9 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 Ashill.
How much do people in Ashill earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (19%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Ashill, this works out to be £40,133. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Are the people of Ashill deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Ashill, in particular, the deprivation levels are 20%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Ashill in the county of Somerset 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 Ashill is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Ashill, 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 Ashill, how has the population changed?
In total, the number of people in Ashill is 50,898. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Ashill, depending on where exactly you are.
How has Ashill changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Ashill has changed by 4%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 4% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Ashill?
7% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Ashill have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In Ashill, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 27%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,133 is the amount people in Ashill 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 Ashill, 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.
In general, for the city of Ashill, what are the final purchase prices for the houses for sale?
In Ashill, the average sale price of a house for sale is in fact £254,318. This is dependent on the 10 year population growth of Ashill being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ashill.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£327,307|
|Aerage sold price (semi-detached)||£216,644|
|Aerage sold price (terraced)||£182,016|
|Aerage sold price (flat)||£134,041|
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 Ashill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,510|
|Aerage sold price/sqft (new build)||£2,480|
|Aerage sold price/sqft (old stock)||£2,413|
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 £2,563. This means if you are just looking out the houses sold in Ashill in general and didn’t take into consideration the type of build. For example, a new build.
Professional advice for houses for sale in Ashill
Thinking about other cities with houses for sale?
We have prepared a list of cities in South West, the same UK region of Ashill that can help you evaluate the different houses for sale listed in the region:
- Bodieve in South West
- Baldhu in South West
- Bickleigh in South West
- Ashton in South West
- Bradford-Leigh in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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
Finding the ideal house for sale for you
When browsing houses for sale in Ashill 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 – 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
- 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.