Whenever looking for a house for sale in the UK or in Ashton Common, it is vital you look at the market trends and house price fluctuations in the wider area of Wiltshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Ashton Common.
In this article, we will be looking at the city of Ashton Common in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, what do houses for sale sell for in Ashton Common?
For the city of Ashton Common, the average price a house sells for is £247,278. This value usually depends on the exact location of the house within Ashton Common as well as other factors like the population growth in Ashton Common which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£334,332|
|Aerage sold price (semi-detached)||£232,877|
|Aerage sold price (terraced)||£197,734|
|Aerage sold price (flat)||£133,408|
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 Ashton Common.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,600|
|Aerage sold price/sqft (new build)||£2,550|
|Aerage sold price/sqft (old stock)||£2,520|
Generalising the bottom table, the average value per square foot of a house for sale is £2,760. This value averages all of the types of houses for sale in Ashton Common. 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 Ashton Common.
In Ashton Common, what is the asking price in general for a house for sale?
In the city of Ashton Common, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£124,240|
|Average asking price (2 bed)||£217,318|
|Average asking price (3 bed)||£297,111|
|Average asking price (4 bed)||£442,412|
|Average asking price (5 bed)||£562,500|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Ashton Common is £2,920. This should show you the general prices overall and for individual types of houses too.
When investors make offers for houses for sale in Ashton Common, the average price asked by the homeowners works out to be £324,452.
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 Ashton Common 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.
What are the demographics like in the city of Ashton Common?
Is the crime rate bad in the city of Ashton Common?
For the city of Ashton Common, crime rate is at 99. So for every 1000 people in the area, 99 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In Ashton Common, what is the social grade score?
In the city of Ashton Common 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 Ashton Common has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 22%.
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 the city of Ashton Common, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Wiltshire for example.
These demographics for Ashton Common may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Ashton Common in South West.
Are the people of Ashton Common deprived?
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 Ashton Common is 20%.
How much are those living in Ashton Common earning?
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.
£45,500 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 22% for Ashton Common.
For the city of Ashton Common, what is the education level?
In the city of Ashton Common, 26% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Ashton Common is £45,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What does the population of Ashton Common look like?
In total, the number of people in Ashton Common is 48,041. 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 Ashton Common, depending on where exactly you are.
How has Ashton Common 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 Ashton Common has changed by 3%. 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 3% 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 Ashton Common?
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 Ashton Common 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.
Do the people of Ashton Common get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Ashton Common currently has 8.8 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Ashton Common in this case.
How are rental yields of the houses for sale different to the rest of the UK in Ashton Common?
Is the housing market in Ashton Common growing?
The growth of an area like Ashton Common 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|
|Ashton Common growth rate||5%||19%||23%|
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 Ashton Common if you want to find out the exact reasons for the housing change.
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 Ashton Common. 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 Ashton Common.
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 (Wiltshire), a regional level (South West) and finally on the level of the city talked about in this article, Ashton Common.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Ashton Common experiences. This figure for house sales per month is 42. 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.