Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Armthorpe, South Yorkshire.
From the average asking price of houses for sale in Armthorpe to the growth of the population in the area, all will be talked about regarding the city of Armthorpe. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In general, what do houses for sale sell for in Armthorpe?
In Armthorpe, the average sale price of a house for sale is in fact £155,668. This is dependent on the 10 year population growth of Armthorpe being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Armthorpe.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £208,590 |
| Aerage sold price (semi-detached) | £135,495 |
| Aerage sold price (terraced) | £128,405 |
| Aerage sold price (flat) | £85,735 |
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 Armthorpe.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,790 |
| Aerage sold price/sqft (new build) | £1,870 |
| Aerage sold price/sqft (old stock) | £1,720 |
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 £1,790. This means if you are just looking out the houses sold in Armthorpe in general and didn’t take into consideration the type of build. For example, a new build.
Are there any important statistics about the population of Armthorpe?
Is the education level of Armthorpe important when buying a house?
In the city of Armthorpe, 19% 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 Armthorpe is £39,100. 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.
Is there sufficient green space in Armthorpe?
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 Armthorpe, 16.5 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 Armthorpe.
What is a social grade score and how does this relate to Armthorpe?
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 Armthorpe, the percentage of people in the two highest categories, A and B is 16%. 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 £39,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).
Are the people of Armthorpe deprived?
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 28% for Armthorpe should give you a nice idea of the deprivation in the area.
Are the people in Armthorpe earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Armthorpe, the average income is £39,100. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.
In the city of Armthorpe, has the population grown or shrunk?
Population growth in Armthorpe 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 Armthorpe, 30,083 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 Armthorpe 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 Armthorpe, 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 Armthorpe?
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 Armthorpe.
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 crime rate bad in the city of Armthorpe?
For the city of Armthorpe, crime rate is at 87. So for every 1000 people in the area, 87 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.
The city of Armthorpe, situated in South Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Armthorpe and its demographics will be compared to its wider location (East Midlands). 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 Armthorpe. So, taking a good look at the data is essential to understand the area you are considering to buy in.
On average, what is the figure for the asking price of a house for sale in Armthorpe?
When speaking about the city of Armthorpe, £207,771 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 would be after a larger house than someone living alone in Armthorpe.
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.
Average asking prices for houses for sale in Armthorpe
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £167,057 |
| Average asking price (3 bed) | £196,491 |
| Average asking price (4 bed) | £322,713 |
| Average asking price (5 bed) | no relevant data for this city |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Armthorpe and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Why you should consider the average rental yield when searching for houses for sale in Armthorpe
Are there new houses being built in Armthorpe to make it grow?
The growth of an area like Armthorpe 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 | |
|---|---|---|---|
| Armthorpe growth rate | 6% | 19% | 25% |
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 Armthorpe if you want to find out the exact reasons for the housing change.
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 Armthorpe, 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) | |
|---|---|---|---|---|
| Armthorpe | 4.2% | £731 | no relevant data for this city | 15.0% |
| South Yorkshire | 4.41% | £714 | 106.44% | 22.07% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Armthorpe you might be interested in the number of sales per month (23) that happen in the local housing market. Comparing this figure for Armthorpe with the above table gives you a good understanding of the profitability of the area.
Professional advice for houses for sale in Armthorpe
Thinking about other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in East Midlands, the same UK region as Armthorpe:
- Brigg in East Midlands
- Attenborough in East Midlands
- Kirkby-On-Bain in East Midlands
- Beaumont-Leys in East Midlands
- Highlane in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
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
A house for sale that is right for you
When browsing houses for sale in Armthorpe 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 – 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
- 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.
0 Comments