Attenborough can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Attenborough.
On top of this, keep reading for detailed information on the demographics of Attenborough in Nottinghamshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Attenborough, what do houses for sale tend to sell for?
In Attenborough, the average sale price of a house for sale is in fact £216,291. This is dependent on the 10 year population growth of Attenborough being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Attenborough.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£295,104|
|Aerage sold price (semi-detached)||£194,392|
|Aerage sold price (terraced)||£153,422|
|Aerage sold price (flat)||£125,621|
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 Attenborough.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,400|
|Aerage sold price/sqft (new build)||£2,420|
|Aerage sold price/sqft (old stock)||£2,240|
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 £2,400. This means if you are just looking out the houses sold in Attenborough in general and didn’t take into consideration the type of build. For example, a new build.
How are rental yields of the houses for sale different to the rest of the UK in Attenborough?
Are there more or fewer houses being built in Attenborough?
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 Attenborough at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Attenborough growth rate||3%||26%||39%|
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 Attenborough 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 Attenborough.
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 Attenborough to Nottinghamshire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Attenborough for profit in the future, in this case, looking at the data for the number of houses sold per month in Attenborough would give you an idea of whether the area is actively getting new investors. This figure is 54.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Attenborough. 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.
On average, what is the figure for the asking price of a house for sale in Attenborough?
Table showing the asking prices for houses for sale in Attenborough
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£204,789|
|Average asking price (3 bed)||£271,411|
|Average asking price (4 bed)||£445,666|
|Average asking price (5 bed)||£553,895|
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 £0. 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 Attenborough has a lack of supply of housing in certain categories.
On average, in Attenborough, the asking price for a house for sale in the area is £282,562.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Attenborough. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Are there any important statistics about the population of Attenborough?
What salary does the community in Attenborough take home?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £46,400.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Attenborough this figure is 30%.
How much green space is available to residents of Attenborough?
In the city of Attenborough, there are 11.3 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Attenborough is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Is the crime rate bad in the city of Attenborough?
Within Attenborough, the number of people committing crimes is 84 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 84 figure carefully.
In the city of Attenborough, has the population grown or shrunk?
The city of Attenborough has a total population of 73,300. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Attenborough is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Attenborough
Over time, in the last five years, the population of the city of Attenborough has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Attenborough?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Attenborough can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
What’s a social grade score and how does it relate to Attenborough?
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 Attenborough in grades A or B which are the highest skilled roles in the country is 30%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £46,400 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 30%.
Located in Nottinghamshire is the city of Attenborough, in a large part of the UK; East Midlands. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Attenborough has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Attenborough which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Attenborough, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Attenborough is 32%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Attenborough is £46,400.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Attenborough, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Attenborough is 22% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.