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 All Saints South Elmham, Suffolk.
From the average asking price of houses for sale in All Saints South Elmham to the growth of the population in the area, all will be talked about regarding the city of All Saints South Elmham. 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 All Saints South Elmham?
In All Saints South Elmham, houses for sale are sold at an average of £270,244. 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 All Saints South Elmham. 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) | £336,539 |
| Aerage sold price (semi-detached) | £229,319 |
| Aerage sold price (terraced) | £202,206 |
| Aerage sold price (flat) | £124,758 |
As you can see above, for All Saints South Elmham, 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 | £2,750 |
| Aerage sold price/sqft (new build) | £2,630 |
| Aerage sold price/sqft (old stock) | £2,650 |
Looking at the second table about All Saints South Elmham, 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 All Saints South Elmham is £2,750.
Asking price in All Saints South Elmham for a house for sale
Average asking prices for houses for sale in All Saints South Elmham
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £291,717 |
| Average asking price (3 bed) | £355,313 |
| Average asking price (4 bed) | £544,286 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in All Saints South Elmham, 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.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in All Saints South Elmham determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £377,326.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in All Saints South Elmham.
What kind of demographics does the city of All Saints South Elmham have?
What’s a social grade score and how does it relate to All Saints South Elmham?
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 All Saints South Elmham in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,400 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 18%.
Do the people of All Saints South Elmham get to enjoy green space?
In the city of All Saints South Elmham, there are 26.4 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where All Saints South Elmham is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How much do people in All Saints South Elmham 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 £40,400.
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 All Saints South Elmham this figure is 18%.
All Saints South Elmham 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, All Saints South Elmham 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 All Saints South Elmham.
What does the population of All Saints South Elmham look like?
Population growth in All Saints South Elmham 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 All Saints South Elmham, 9,964 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 All Saints South Elmham 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 All Saints South Elmham, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in All Saints South Elmham?
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 All Saints South Elmham.
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 city of All Saints South Elmham deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In All Saints South Elmham, currently, 22% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What’s crime like in All Saints South Elmham?
Within All Saints South Elmham, the number of people committing crimes is 44 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 44 figure carefully.
In All Saints South Elmham, how educated are people in general?
In All Saints South Elmham, the proportion of people who have a degree is 25%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of All Saints South Elmham is £40,400.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Why you should consider the average rental yield when searching for houses for sale in All Saints South Elmham
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 All Saints South Elmham, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Suffolk, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| All Saints South Elmham | no relevant data for this city | no relevant data for this city | no relevant data for this city | 11.0% |
| Suffolk | 3.69% | £992 | 125.38% | 14.64% |
| East of England | 3.49% | £1,148 | 126.76% | 16.58% |
Assuming that in the future you want to re-sell the house you will eventually purchased in All Saints South Elmham you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for All Saints South Elmham with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in All Saints South Elmham to make it grow?
Before committing to All Saints South Elmham 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 | |
|---|---|---|---|
| All Saints South Elmham growth rate | 8% | 23% | 25% |
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 All Saints South Elmham is building housing to find your answer.
Professional advice for houses for sale in All Saints South Elmham
A house for sale that is right for you
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 All Saints South Elmham.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
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.
House for sale in the same UK region
We have prepared a list of cities in East of England, the same UK region of All Saints South Elmham that can help you evaluate the different houses for sale listed in the region:
- Lilley in East of England
- Asheldham in East of England
- Babraham in East of England
- Hatfield-Hyde in East of England
- Dogsthorpe in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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