Attleborough – What to look for in houses for sale?

by | Nov 15, 2022

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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 Attleborough, Norfolk.

From the average asking price of houses for sale in Attleborough to the growth of the population in the area, all will be talked about regarding the city of Attleborough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In general, for the city of Attleborough, what are the final purchase prices for the houses for sale?

In Attleborough, houses for sale are sold at an average of £246,819. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Attleborough. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £311,043
Aerage sold price (semi-detached) £211,512
Aerage sold price (terraced) £164,901
Aerage sold price (flat) £108,864

As you can see above, for Attleborough, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 7% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,505
Aerage sold price/sqft (new build) £2,590
Aerage sold price/sqft (old stock) £2,350

Looking at the second table about Attleborough, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Attleborough is £2,730.

What kind of demographics does the city of Attleborough have?

Attleborough within Norfolk is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Attleborough will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). 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 Attleborough.

What’s crime like in Attleborough?

The crime rate of Attleborough must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 88, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (88) is both useful and is recommended to be compared to the average.

How much green space is available to residents of Attleborough?

Whether you view green space in Attleborough 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 Attleborough, the number of acres of green space for every 1000 people currently is 10.9 which can be measured against the UK average of 1.7.

How much do people in Attleborough 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.

£41,300 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 21% for Attleborough.

In Attleborough, how has the population changed?

In total, the number of people in Attleborough is 55,326. 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 Attleborough, depending on where exactly you are.

How has Attleborough 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 Attleborough 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 Attleborough?

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 Attleborough 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 Attleborough, what is the social grade score?

In the city of Attleborough, the social grade score of the area is 21%. 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 Attleborough.

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

For the city of Attleborough, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 22%. The ability to buy a home is greatly influenced by the number of people who have degrees. £41,300 is the amount people in Attleborough 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 Attleborough, 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.

How deprived is the population of Attleborough?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Attleborough, currently, 23% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

In Attleborough, what is the asking price in general for a house for sale?

In the city of Attleborough, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £204,888
Average asking price (3 bed) £303,252
Average asking price (4 bed) £438,278
Average asking price (5 bed) £521,395

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£2,955) for houses for sale with this table to get a good idea as to whether Attleborough is the right area to buy a house in for you.

When investors make offers for houses for sale in Attleborough, the average price asked by the homeowners works out to be £330,554.

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 Attleborough 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.

Why you should consider the average rental yield when searching for houses for sale in Attleborough

In Attleborough, how has the number of houses changed?

Before committing to Attleborough to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Attleborough growth rate 5% 20% 27%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Attleborough is building housing to find your answer.

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 Attleborough to Norfolk and the broader suburb of the UK; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Attleborough 3.0% £807 82% 16.5%
Norfolk 3.75% £975 117.20% 16.23%
East of England 3.49% £1,148 126.76% 16.58%

Let’s assume you want to sell the house you’re looking to buy in Attleborough for profit in the future, in this case, looking at the data for the number of houses sold per month in Attleborough would give you an idea of whether the area is actively getting new investors. This figure is 48.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Attleborough. 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.