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

by | Nov 15, 2022

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

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Limbury might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Bedfordshire.
Before looking for a house for sale in the city of Limbury we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Limbury.

Professional advice for houses for sale in Limbury

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 kind of demographics does the city of Limbury have?

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

In the city of Limbury, 21% 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 Limbury is £43,200.00. 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.

Are the deprivation levels of the UK any different to Limbury?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Limbury should give you a nice idea of the deprivation in the area.

In Limbury, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Limbury compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Limbury, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 0.15.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

What is the population of Limbury?

In total, the number of people in Limbury is 61423. 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 Limbury, depending on where exactly you are.

How has Limbury 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 Limbury has changed by 0%. 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 0% 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 Limbury?

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 Limbury 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.

How much do people in Limbury 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.

£43,200.00 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 0.15 for Limbury.

In general, do people commit a lot of crime in Limbury?

For the city of Limbury, crime rate is at 82. So for every 1000 people in the area, 82 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

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

As you read on, Limbury 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 Limbury.

In the city of Limbury, is there a lot of green space?

Whether you view green space in Limbury 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 Limbury, the number of acres of green space for every 1000 people currently is 9 which can be measured against the UK average of 1.7.

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

In Limbury, the average sale price of a house for sale is in fact £269,973. This is dependent on the 10 year population growth of Limbury being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Limbury.

Housing category Total final sale price
Aerage sold price (detached) £378,228
Aerage sold price (semi-detached) £277,695
Aerage sold price (terraced) £229,402
Aerage sold price (flat) £154,364

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 Limbury.

Housing category Sale price per square foot
Aerage sold price/sqft £3,130
Aerage sold price/sqft (new build) £3,400
Aerage sold price/sqft (old stock) £3,080

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 £3,450. This means if you are just looking out the houses sold in Limbury in general and didn’t take into consideration the type of build. For example, a new build.

House for sale in a different UK region

Below is a list of towns that differ from Limbury.
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 East of England:

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.

How are rental yields of the houses for sale different to the rest of the UK in Limbury?

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Limbury. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Limbury.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Bedfordshire), a regional level (East of England) and finally on the level of the city talked about in this article, Limbury.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Limbury £0 £1,091 £1 £0
Bedfordshire 3.37% £1,072.94 123.22% 16.77%
East of England 0.03 1,148.32 £1 16.58%

You may also find it useful to compare the data above to the number of properties sold per month Limbury experiences. This figure for house sales per month is 35. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

What is the growth in the housing market of Limbury?

The growth of an area like Limbury 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
Limbury growth rate 9% 19% 22%

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 Limbury if you want to find out the exact reasons for the housing change.

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

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Limbury determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £351,554.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Limbury.

Table showing the asking prices for houses for sale in Limbury

Average asking price (1 bed) £160,000
Average asking price (2 bed) £264,784
Average asking price (3 bed) £362,574
Average asking price (4 bed) £470,455
Average asking price (5 bed) £600,357

After looking at this table about prices of houses for sale in Limbury, 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 £3,780 will help them to have a more holistic understanding.

Invest in a house for sale that meets your demands

When browsing houses for sale in Limbury you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

FAQ

Are there opportunities for property renovation in Limbury?

Properties in the city of Limbury may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 24 approvals every month with an approval of 77% based on a population of 61423. Compare other places in the UK to make this figure make more sense.

What is the monthly count of property transactions in Limbury?

In Limbury, the monthly property transaction count reaches 35, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the year-over-year population change in Limbury or similar cities?

To assess the shifts in Limbury’s population over time, analyse how the population has altered. Look at the ten year change of population of 7%, alongside the five-year change of 0%.

What is the asking price for houses for sale in the wider region of Limbury?

The average cost per square foot for a house in Limbury is presently £3,780.

Is investing in a house for sale in Limbury a financially demanding choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Limbury, the value is £269,973, whereas the UK’s mean is £286,500

Find an estate agent in the city of Limbury

In order to buy a house in Limbury you might need the service of an estate agent. To simplify the pain of looking for the nearest agent we have built a list of estate agents in your area, taking you straight to their website

Estate agent name Phone number Address of agent Email Address
Keystone Luton Estate Agents Limited 441582936598 138 Marsh Road, Luton, LU3 2NL Phone number only
Esquire Leagrave 441582955880 208 Marsh Road, Luton, LU3 2QW Phone number only
SimplyMove nan 6 Biscot Road nan
INDIGO RESIDENTIAL LIMITED 441582847800 15 HOME FARM Philippa Harvey (pharvey@indigo-res.co.uk);Mark Davey (mark@indigo-res.co.uk);Terry Hyde (terry@indigo-res.co.uk);Phil De Freitas (phil@indigo-res.co.uk)
Luton Estate and Lettings 441582955982 32 Cromwell Road, Luton, LU3 1DN Phone number only

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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