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How much will you pay for a house for sale in Adwick upon Dearne?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much will you pay for a house for sale in Adwick upon Dearne?

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As a landlord, whenever you are looking at houses for sale in South Yorkshire, you could find varying prices throughout an area like Adwick upon Dearne. 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 Adwick upon Dearne 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 Adwick upon Dearne will be revealed. Keep reading.

In Adwick upon Dearne, what are the demographics like?

In the city of Adwick upon Dearne, how much green space remains for residents?

Whether you view green space in Adwick upon Dearne 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 Adwick upon Dearne, the number of acres of green space for every 1000 people currently is 10 which can be measured against the UK average of 1.7.

In the city of Adwick upon Dearne, has the population grown or shrunk?

Population growth in Adwick upon Dearne 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 Adwick upon Dearne, 30807 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 Adwick upon Dearne 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 Adwick upon Dearne, this change has been 2%. 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 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Adwick upon Dearne?

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 4% in Adwick upon Dearne.

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.

Is the education level of Adwick upon Dearne important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 14%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,500.00 is the amount people in Adwick upon Dearne are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Adwick upon Dearne, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

Is the crime rate bad in the city of Adwick upon Dearne?

For the city of Adwick upon Dearne, crime rate is at 11800%. So for every 1000 people in the area, 11800% 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.

How deprived is the population of Adwick upon Dearne?

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 Adwick upon Dearne should give you a nice idea of the deprivation in the area.

How much do people in Adwick upon Dearne 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 £34,500.00.

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 Adwick upon Dearne this figure is 11%.

What is the city of Adwick upon Dearne’s 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 Adwick upon Dearne, the percentage of people in the two highest categories, A and B is 11%. 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 £34,500.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (11%).

Located in South Yorkshire is the city of Adwick upon Dearne, in a large part of the UK; East Midlands. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Adwick upon Dearne has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Adwick upon Dearne which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

How are rental yields of the houses for sale different to the rest of the UK in Adwick upon Dearne?

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 Adwick upon Dearne, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as South Yorkshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Adwick upon Dearne £0 £547 £1 £0
South Yorkshire 4.41% £714.23 106.44% 22.07%
East Midlands 0.04 774.81 £1 19.44%

Assuming that in the future you want to re-sell the house you will eventually purchased in Adwick upon Dearne you might be interested in the number of sales per month (25) that happen in the local housing market. Comparing this figure for Adwick upon Dearne with the above table gives you a good understanding of the profitability of the area.

In Adwick upon Dearne, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Adwick upon Dearne that shows the growth in recent years.

1 year 3 years 5 years
Adwick upon Dearne growth rate -2% 7% 13%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Adwick upon Dearne is important.

Asking price in Adwick upon Dearne for a house for sale

Average prices for the houses for sale in Adwick upon Dearne

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £93,456
Average asking price (3 bed) £167,551
Average asking price (4 bed) £233,095
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Adwick upon Dearne has a lack of supply of housing in certain categories.

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 Adwick upon Dearne is £150,279.

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 Adwick upon Dearne is useful when negotiating and knowing what to expect for every type of house for sale.

In general, what do houses for sale sell for in Adwick upon Dearne?

In Adwick upon Dearne, houses for sale are sold at an average of £130,187. 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 Adwick upon Dearne. 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) £191,294
Aerage sold price (semi-detached) £126,824
Aerage sold price (terraced) £80,359
Aerage sold price (flat) £99,322

As you can see above, for Adwick upon Dearne, 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 4% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £1,470
Aerage sold price/sqft (new build) £1,750
Aerage sold price/sqft (old stock) £1,340

Looking at the second table about Adwick upon Dearne, 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 Adwick upon Dearne is £1,470.

House for sale in a different UK region

We have prepared a list of cities that are entirely dissimilar to the region of East Midlands, perfect if you are looking for somewhere similar to Adwick upon Dearne but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Who can help you buy a house for sale in Adwick upon Dearne?

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

Choose the right house for sale that suits your needs

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 Adwick upon Dearne.

  • 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.

FAQ

Do properties in Adwick upon Dearne offer renovation potential?

If planning permissions are abundant in the vicinity of Adwick upon Dearne, it may look promising for landlords looking to renovate. With 5 getting approved on a monthly basis, and a success rate of 94%, these prospects flourish against a population of 30807. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What’s the number of property sales each month in Adwick upon Dearne?

The city of Adwick upon Dearne sees around 25 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 Adwick upon Dearne, what’s the yearly fluctuation in population?

To assess the shifts in Adwick upon Dearne’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of 2%.

What are the asking rates for houses for sale in the surrounding area of Adwick upon Dearne?

In Adwick upon Dearne, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Would acquiring a house for sale in Adwick upon Dearne be regarded as a high-priced option?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Adwick upon Dearne, this value is £130,187, compared to the UK’s average of £286,500.

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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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