Ashby Magna 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 Ashby Magna.
On top of this, keep reading for detailed information on the demographics of Ashby Magna in Leicestershire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In general, what do houses for sale sell for in Ashby Magna?
For the city of Ashby Magna, the average price a house sells for is £314,951. This value usually depends on the exact location of the house within Ashby Magna as well as other factors like the population growth in Ashby Magna which is 13% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£374,099|
|Aerage sold price (semi-detached)||£230,139|
|Aerage sold price (terraced)||£205,083|
|Aerage sold price (flat)||£128,664|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Ashby Magna.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,710|
|Aerage sold price/sqft (new build)||£2,750|
|Aerage sold price/sqft (old stock)||£2,550|
Generalising the bottom table, the average value per square foot of a house for sale is £2,710. This value averages all of the types of houses for sale in Ashby Magna. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Ashby Magna.
Why you should consider the average rental yield when searching for houses for sale in Ashby Magna
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Ashby Magna to Leicestershire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ashby Magna||2.7%||£892||no relevant data for this city||9.0%|
Let’s assume you want to sell the house you’re looking to buy in Ashby Magna for profit in the future, in this case, looking at the data for the number of houses sold per month in Ashby Magna would give you an idea of whether the area is actively getting new investors. This figure is 11.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Ashby Magna. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Are there more or fewer houses being built in Ashby Magna?
Before committing to Ashby Magna to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Ashby Magna growth rate||1%||20%||17%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Ashby Magna is building housing to find your answer.
What is the asking price on average of houses for sale in Ashby Magna?
Average price of houses for sale in Ashby Magna
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£241,328|
|Average asking price (3 bed)||£311,643|
|Average asking price (4 bed)||£518,208|
|Average asking price (5 bed)||£889,615|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Ashby Magna is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Ashby Magna, £402,071 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 Ashby Magna.
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.
Are there any important statistics about the population of Ashby Magna?
What is the city of Ashby Magna’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 Ashby Magna 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, £49,400 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%.
What’s the crime rate in Ashby Magna?
For the city of Ashby Magna, crime rate is at 63. So for every 1000 people in the area, 63 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.
Do the people of Ashby Magna get to enjoy green space?
Whether you view green space in Ashby Magna 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 Ashby Magna, the number of acres of green space for every 1000 people currently is 26.8 which can be measured against the UK average of 1.7.
Ashby Magna in the county of Leicestershire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Ashby Magna is located in; East Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Ashby Magna, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
How deprived is the population of Ashby Magna?
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 Ashby Magna is 15%.
How educated are the people in Ashby Magna?
In the city of Ashby Magna, 32% 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 Ashby Magna is £49,400. 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.
How much do people in Ashby Magna 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 £49,400.
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 Ashby Magna this figure is 32%.
In Ashby Magna, how has the population changed?
The city of Ashby Magna has a total population of 20,768. 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 Ashby Magna 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 Ashby Magna
Over time, in the last five years, the population of the city of Ashby Magna has changed by 7%. 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 7% 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 Ashby Magna?
In the last 10 years, there has been a shift in the population of 13%.
Comparing this to the 5 year figure of Ashby Magna 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.
Professional advice for houses for sale in Ashby Magna
Choose the right house for sale that suits your needs
When browsing houses for sale in Ashby Magna 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.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to East Midlands, the same region where Ashby Magna is located.
- Grantham in East Midlands
- Dalton in East Midlands
- Babworth in East Midlands
- Bleasby in East Midlands
- Buckminster in East Midlands
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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