We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Botley to help you find the perfect agent for you
Botley 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 Botley.
On top of this, keep reading for detailed information on the demographics of Botley in Hampshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Botley.
-
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
-
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
-
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
-
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
-
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
-
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
-
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
-
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
In general, what do houses for sale sell for in Botley?
In Botley, the average sale price of a house for sale is in fact £442,496. This is dependent on the 10 year population growth of Botley being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Botley.
| 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 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 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 |
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 £4,465. This means if you are just looking out the houses sold in Botley in general and didn’t take into consideration the type of build. For example, a new build.
What are the asking prices for the houses for sale in the city of Botley?
On average, in Botley, the asking price for a house for sale in the area is £516,408.
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 Botley. 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.
The average asking price for the houses for sale in the city of 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 |
After looking at this table about prices of houses for sale in Botley, 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 £2,855 will help them to have a more holistic understanding.
houses for sale in other cities and regions in the UK
You can consult our list below that goes over a list of cities not necessarily in South East, allowing you to find similar places to Botley:
- burghfield in South East
- deepcut in South East
- barningham in South East
- blackmore in South East
- ascot in South East
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
Get professional help on the houses for sale in Botley
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
How are rental yields of the houses for sale different to the rest of the UK in Botley?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Botley, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Hampshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Botley | £0 | £1,333 | £1 | £0 |
| Hampshire | 3.67% | £1,198.75 | 129.21% | 20.71% |
| South East | 0.04 | 1,300.68 | £1 | 16.69% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Botley you might be interested in the number of sales per month (16) that happen in the local housing market. Comparing this figure for Botley with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Botley?
The growth of an area like Botley 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 | |
|---|---|---|---|
| Botley growth rate | -2% | 14% | 14% |
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 Botley if you want to find out the exact reasons for the housing change.
What are the demographics like in the city of Botley?
Are the people in Botley earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (0.415). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Botley, this works out to be £57,000.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Botley within Hampshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Botley will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). 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 Botley.
How deprived is the population of Botley?
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 £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.
What does the population of Botley look like?
The city of Botley has a total population of 71768. 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 Botley 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 Botley
Over time, in the last five years, the population of the city of Botley 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 Botley?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Botley 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.
In Botley, how educated are people in general?
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 £57,000.00.
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.
Do the people of Botley get to enjoy green space?
In the city of Botley, there are 31 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 Botley is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Botley, what is the social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Botley, the percentage of people in the two highest categories, A and B is 0.415. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £57,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (0.415).
What’s crime like in Botley?
The crime rate of Botley 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 71, 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 (71) is both useful and is recommended to be compared to the average.
0 Comments