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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 Avon, Dorset.
From the average asking price of houses for sale in Avon, to the growth of the population in the area, all will be talked about regarding the city of Avon. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Invest in houses for sale in Avon with the right professional advice
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
What are the asking prices for the houses for sale in the city of Avon?
On average, in Avon, the asking price for a house for sale in the area is £472,251.
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 Avon. 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.
In the city of Avon, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £212,463 |
| Average asking price (2 bed) | £353,792 |
| Average asking price (3 bed) | £506,818 |
| Average asking price (4 bed) | £677,711 |
| Average asking price (5 bed) | £779,632 |
After looking at this table about prices of houses for sale in Avon, 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 £4,490 will help them to have a more holistic understanding.
In Avon, what do houses for sale tend to sell for?
In Avon, houses for sale are sold at an average of £378,034. 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 Avon. 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) | £483,809 |
| Aerage sold price (semi-detached) | £333,986 |
| Aerage sold price (terraced) | £304,544 |
| Aerage sold price (flat) | £216,991 |
As you can see above, for Avon, 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 6% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,840 |
| Aerage sold price/sqft (new build) | £3,950 |
| Aerage sold price/sqft (old stock) | £3,730 |
Looking at the second table about Avon, 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 Avon is £4,170.
How are rental yields of the houses for sale different to the rest of the UK in Avon?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Avon this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Dorset then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Avon.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Avon | £0 | £1,280 | £1 | £0 |
| Dorset | 3.57% | £1,196.73 | 122.31% | 16.70% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Avon.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (40) will be useful.
In Avon, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Avon, 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 | |
|---|---|---|---|
| Avon growth rate | 6% | 13% | 19% |
As the population of Avon 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.
What kind of demographics does the city of Avon have?
What’s the crime rate in Avon?
Within Avon, the number of people committing crimes is 8000% 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 8000% figure carefully.
How deprived is the population of Avon?
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 Avon, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In the city of Avon, 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 Dorset for example.
These demographics for Avon 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 Avon in South West.
Do the people of Avon get to enjoy green space?
In the city of Avon, there are 15 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 Avon is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Avon, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Avon is 26%. 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 Avon is £40,100.00.
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 the city of Avon, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Avon if 52807 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 Avon such as rental yield or house appreciation.
How has the population size of Avon adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Avon by 1%. 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 1% 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 Avon?
In the last decade, the population of Avon has been adjusted by 6%. 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.
How much do people in Avon earn?
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 £40,100.00.
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 Avon this figure is 25%.
What is the social grade score of Avon?
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 Avon in grades A or B which are the highest skilled roles in the country is 25%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £40,100.00 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 25%.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Avon.
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.
houses for sale in other cities and regions in the UK
Below is a list of towns that differ from Avon.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:
- all-cannings in South West
- beamhurst in South West
- bridgwater in South West
- anwoth in South West
- allaleigh in South West
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
F.A.Q.
Do properties in Avon offer renovation potential?
Amidst the urban landscape of Avon, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 42 and on the other hand, there is a planning success rate of 85%. It is also useful to take into consideration the population size of the area (52807).
What’s the number of property sales each month in Avon?
40 property transactions are reported in Avon each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
How does the population in a city like Avon change annually?
To assess the shifts in Avon’s population over time, analyse how the population has altered. Look at the ten year change of population of 6%, alongside the five-year change of 1%.
What are the asking rates for houses for sale in the surrounding area of Avon?
The average cost per square foot for a house in Avon is presently £4,490.
Is a house for sale in Avon an expensive choice?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Avon, this value is £378,034, compared to the UK’s average of £286,500.
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