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Whenever looking for a house for sale in the UK or in Furzedown, it is vital you look at the market trends and house price fluctuations in the wider area of London too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Furzedown.
In this article, we will be looking at the city of Furzedown in detail so you know how to navigate the area and have a better understanding on where to invest.
On average, what is the figure for the asking price of a house for sale in Furzedown?
When speaking about the city of Furzedown, £542,162 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Furzedown would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Table showing the asking prices for houses for sale in Furzedown
| Average asking price (1 bed) | £358,745 |
| Average asking price (2 bed) | £487,948 |
| Average asking price (3 bed) | £656,360 |
| Average asking price (4 bed) | £871,653 |
| Average asking price (5 bed) | £1,176,028 |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Furzedown is £6,895. This should show you the general prices overall and for individual types of houses too.
What’s the rental yield in general for the city of Furzedown?
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 Furzedown, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as London, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Furzedown | £0 | £1,956 | £1 | £0 |
| London | 3.96% | £2,001.05 | 129.93% | 12.05% |
| Greater London | 0.04 | 1,898.58 | £1 | 13.30% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Furzedown you might be interested in the number of sales per month (41) that happen in the local housing market. Comparing this figure for Furzedown with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Furzedown to make it grow?
Whenever you are thinking about looking for houses for sale in Furzedown, 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 | |
|---|---|---|---|
| Furzedown growth rate | -1% | 10% | 10% |
As the population of Furzedown 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.
House for sale in a different UK region
Below is a list of towns that differ from Furzedown.
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 Greater London:
- adeney in Greater London
- millikenpark in Greater London
- charlesworth in Greater London
- brenkley in Greater London
- duntocher in Greater London
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.
What is the final sale price of a house in Furzedown?
As well as looking at the asking price for house for sale in Furzedown, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Furzedown.
Houses for sale, are sold on average in Furzedown, after the influence of these factors, at £534,622 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 9% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £1,045,992 |
| Aerage sold price (semi-detached) | £871,819 |
| Aerage sold price (terraced) | £651,062 |
| Aerage sold price (flat) | £428,436 |
This table above shows the average sale price for each variation of houses for sale in Furzedown.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £6,380 |
| Aerage sold price/sqft (new build) | £7,265 |
| Aerage sold price/sqft (old stock) | £6,315 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Furzedown is £6,635.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Furzedown
- affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
- Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
- Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
- Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
- EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
- Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
- Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
- Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
- Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Advice from experts on properties for sale in Furzedown
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
What are the demographics like in the city of Furzedown?
Are the people of Furzedown deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Furzedown is £0.
In the city of Furzedown, is there a lot of green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Furzedown, 5 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Furzedown.
What is the city of Furzedown’s social grade score?
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 Furzedown in grades A or B which are the highest skilled roles in the country is 32%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £57,450.00 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 32%.
How much are those living in Furzedown earning?
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.
£57,450.00 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 32% for Furzedown.
The city of Furzedown, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Furzedown and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Furzedown. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s the crime rate in Furzedown?
Within Furzedown, the number of people committing crimes is 11300% 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 11300% figure carefully.
Is the education level of Furzedown important when buying a house?
In the city of Furzedown, 45% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Furzedown is £57,450.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What does the population of Furzedown look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Furzedown if 146112 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 Furzedown such as rental yield or house appreciation.
How has the population size of Furzedown adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Furzedown by 2%. 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 2% 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 Furzedown?
In the last decade, the population of Furzedown has been adjusted by 9%. 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.
FAQ
If you are a landlord, should you renovate a property in the city of Furzedown?
Every single month in Furzedown, there are 46 planning applications, of which nan result in a success. Look at this in terms of the population size of 146112 to work out if you think you’d have good planning success if you were to renovate.
What’s the number of property sales each month in Furzedown?
The city of Furzedown sees around 41 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
In a city like Furzedown, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Furzedown, explore the decade-spanning population shift of 9% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
prices for houses on sale in the broader vicinity of Furzedown?
In Furzedown, the mean asking price per square foot for a house is currently £6,895, based on the average value per square foot
Is a house for sale in Furzedown an expensive choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Furzedown, the value is £534,622, whereas the UK’s mean is £286,500
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