How much will you pay for a house for sale in Botley?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Botley?

As a landlord, whenever you are looking at houses for sale in Hampshire, you could find varying prices throughout an area like Botley. 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 Botley 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 Botley will be revealed. Keep reading.

What are the demographics like in the city of Botley?

In Botley, what is the crime rate?

For every one thousand people living in Botley, 71 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 71 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

How much are those living in Botley earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Botley. Compare the area’s average household income of £57,000 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 42% for more conclusive data on the affluence of the area.

Are the people of Botley 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 Botley, in particular, the deprivation levels are 15%.

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 Botley, is there a lot of green space?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Botley, the city has 30.6 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Botley.

What is the social grade score of Botley?

In the city of Botley 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 Botley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 42%.

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

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

In Botley, the proportion of people who have a degree is 44%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Botley is £57,000.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

In the city of Botley, 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 Hampshire for example.

These demographics for Botley 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 Botley in South East.

What is the population of Botley?

Population growth in Botley is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Botley, 71,768 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Botley in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Botley, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Botley?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Botley.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In Botley, what are the rental yields?

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 Botley this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Hampshire 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 Botley.

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)
Botley 3.2% £1,333 105% 17.0%
Hampshire 3.67% £1,199 129.21% 20.71%
South East 3.58% £1,301 127.50% 16.69%

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 Botley.

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 (49) will be useful.

What is the growth in the housing market of Botley?

Before committing to Botley 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
Botley growth rate -2% 14% 14%

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 Botley is building housing to find your answer.

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

For the city of Botley, the average price a house sells for is £442,496. This value usually depends on the exact location of the house within Botley as well as other factors like the population growth in Botley which is 8% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £611,337
Aerage sold price (semi-detached) £467,378
Aerage sold price (terraced) £432,807
Aerage sold price (flat) £264,006

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 Botley.

Housing category Sale price per square foot
Aerage sold price/sqft £4,400
Aerage sold price/sqft (new build) £3,980
Aerage sold price/sqft (old stock) £4,365

Generalising the bottom table, the average value per square foot of a house for sale is £4,465. This value averages all of the types of houses for sale in Botley. 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 Botley.

What is the asking price on average of houses for sale in Botley?

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Botley is £516,408.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Botley is useful when negotiating and knowing what to expect for every type of house for sale.

Average asking prices for houses for sale in Botley

Average asking price (1 bed) £232,878
Average asking price (2 bed) £365,330
Average asking price (3 bed) £491,437
Average asking price (4 bed) £723,835
Average asking price (5 bed) £1,097,479

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 Botley is £2,855. This should show you the general prices overall and for individual types of houses too.