- 1 We help you find the right agent
- 2 Are you considering other cities with houses for sale?
- 3 Get professional help on the houses for sale in Akenham
- 4 In Akenham, what do houses for sale tend to sell for?
- 5 Finding the ideal house for sale for you
- 6 What kind of demographics does the city of Akenham have?
- 7 On average, what is the figure for the asking price of a house for sale in Akenham?
- 8 Why you should consider the average rental yield when searching for houses for sale in Akenham
- 9 F.A.Q.
Akenham 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 Suffolk.
Before looking for a house for sale in the city of Akenham 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 Akenham.
Are you considering other cities with houses for sale?
If you are looking for a list of cities that are different to the City of Akenham and in different UK region to East of England. You might want to consider these as alternatives for your next real estate investment:
- oldham in East of England
- barton-bendish in East of England
- crowthorne in East of England
- chichester in East of England
- stepps in East of England
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
Get professional help on the houses for sale in Akenham
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
In Akenham, what do houses for sale tend to sell for?
In Akenham, houses for sale are sold at an average of £207,201. 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 Akenham. 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)||£348,351|
|Aerage sold price (semi-detached)||£222,191|
|Aerage sold price (terraced)||£172,330|
|Aerage sold price (flat)||£126,073|
As you can see above, for Akenham, 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 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,360|
|Aerage sold price/sqft (new build)||£2,600|
|Aerage sold price/sqft (old stock)||£2,260|
Looking at the second table about Akenham, 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 Akenham is £2,710.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Akenham.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
What kind of demographics does the city of Akenham have?
In Akenham, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Akenham if 39363 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Akenham such as rental yield or house appreciation.
How has the population size of Akenham adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Akenham by -1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this -1% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Akenham?
In the last decade, the population of Akenham has been adjusted by 3%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
What is the city of Akenham’s 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 Akenham 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 Akenham, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 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|
How much do people in Akenham earn?
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 Akenham, the average income is £40,300.00. 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 15% to decide on what the demographics are like in the area.
Is the education level of Akenham important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Akenham is 20%. 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 Akenham is £40,300.00.
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.
Akenham within Suffolk is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Akenham 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 Akenham.
What’s the crime rate in Akenham?
The crime rate of Akenham 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 13800%, 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 (13800%) is both useful and is recommended to be compared to the average.
Is the city of Akenham deprived?
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 Akenham, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In the city of Akenham, is there a lot of green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Akenham currently has 7 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Akenham in this case.
On average, what is the figure for the asking price of a house for sale in Akenham?
Average price of houses for sale in Akenham
|Average asking price (1 bed)||£120,896|
|Average asking price (2 bed)||£184,867|
|Average asking price (3 bed)||£275,112|
|Average asking price (4 bed)||£411,370|
|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 Akenham 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 £3,050 should also give you an overview of what the asking price for houses for sale are in general.
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 Akenham is £243,264.
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 Akenham is useful when negotiating and knowing what to expect for every type of house for sale.
Why you should consider the average rental yield when searching for houses for sale in Akenham
What is the growth in the housing market of Akenham?
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 Akenham that shows the growth in recent years.
|1 year||3 years||5 years|
|Akenham growth rate||-5%||7%||18%|
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 Akenham is important.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Akenham this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Suffolk then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Akenham.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||0.03||1,148.32||£1||16.58%|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Akenham.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (28) will be useful.
If you are a landlord, should you renovate a property in the city of Akenham?
Properties in the city of Akenham may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 15 approvals every month with an approval of 89% based on a population of 39363. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Akenham?
Akenham boasts a monthly total of 28 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the year-over-year population change in Akenham or similar cities?
For a comprehensive analysis of Akenham’s population trends, observe the population fluctuation over a decade, indicated by 3%, and the five-year alteration represented by -1%. Perhaps also look at data from another nearby city too so you can see a comparison.
prices for houses on sale in the broader vicinity of Akenham?
The average asking price of a house in Akenham is currently £3,050 based on the average price per square foot.
Would acquiring a house for sale in Akenham be regarded as a high-priced option?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Akenham this number is £207,201 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house