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 Mablethorpe, Lincolnshire.
From the average asking price of houses for sale in Mablethorpe to the growth of the population in the area, all will be talked about regarding the city of Mablethorpe. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
On average, what is the figure for the asking price of a house for sale in Mablethorpe?
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 Mablethorpe is £232,596.
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 Mablethorpe is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Mablethorpe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£199,810|
|Average asking price (3 bed)||£285,369|
|Average asking price (4 bed)||£287,935|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Mablethorpe, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £0 will help them to have a more wholistic understanding.
In general, what do houses for sale sell for in Mablethorpe?
For the city of Mablethorpe, the average price a house sells for is £169,427. This value usually depends on the exact location of the house within Mablethorpe as well as other factors like the population growth in Mablethorpe which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£188,613|
|Aerage sold price (semi-detached)||£134,725|
|Aerage sold price (terraced)||£112,399|
|Aerage sold price (flat)||£93,309|
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 Mablethorpe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,080|
|Aerage sold price/sqft (new build)||£1,910|
|Aerage sold price/sqft (old stock)||£1,960|
Generalising the bottom table, the average value per square foot of a house for sale is £2,080. This value averages all of the types of houses for sale in Mablethorpe. 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 Mablethorpe.
Why you should consider the average rental yield when searching for houses for sale in Mablethorpe
In Mablethorpe, how has the number of houses changed?
Before committing to Mablethorpe 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|
|Mablethorpe growth rate||8%||30%||36%|
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 Mablethorpe is building housing to find your answer.
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 Mablethorpe. 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 Mablethorpe.
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 (Lincolnshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Mablethorpe.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Mablethorpe||no relevant data for this city||no relevant data for this city||no relevant data for this city||10.0%|
You may also find it useful to compare the data above to the number of properties sold per month Mablethorpe experiences. This figure for house sales per month is 15. 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 are the people like in Mablethorpe?
In Mablethorpe, 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 Mablethorpe 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 Mablethorpe, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 8%.
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|
How much green space is available to residents of Mablethorpe?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Mablethorpe, the city has 9.7 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Mablethorpe.
What’s the crime rate in Mablethorpe?
The crime rate of Mablethorpe must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 100, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (100) is both useful and is recommended to be compared to the average.
How deprived is the population of Mablethorpe?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Mablethorpe, in particular, the deprivation levels are 41%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Mablethorpe in the county of Lincolnshire 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 Mablethorpe 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 Mablethorpe, 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.
What does the population of Mablethorpe look like?
In total, the number of people in Mablethorpe is 13,244. 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 Mablethorpe, depending on where exactly you are.
How has Mablethorpe 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 Mablethorpe has changed by 3%. 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 3% 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 Mablethorpe?
4% 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 Mablethorpe 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.
Are the people in Mablethorpe earning a lot?
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 £25,800.
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 Mablethorpe this figure is 8%.
How educated are the people in Mablethorpe?
Interestingly, the percentage of people who have a degree in the city of Mablethorpe is 12%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Mablethorpe is £25,800.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
Advice from experts on properties for sale in Mablethorpe
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to East Midlands, the same region where Mablethorpe is located.
- Brampton in East Midlands
- Branston in East Midlands
- Apley in East Midlands
- Ashby-Cum-Fenby in East Midlands
- Creswell 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.
A house for sale appropriate to your needs
When browsing houses for sale in Mablethorpe 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.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.