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Ashbocking – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ Ashbocking – What to look for in houses for sale?

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As a landlord, whenever you are looking at houses for sale in Suffolk, you could find varying prices throughout an area like Ashbocking. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Ashbocking to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Ashbocking will be revealed. Keep reading.

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Ashbocking, examine this short list of cities below from outside of the region of East of England for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

In Ashbocking, what are the demographics like?

How much do people in Ashbocking 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 Ashbocking, the average income is £45,300.00. 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 26% to decide on what the demographics are like in the area.

In the city of Ashbocking, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Suffolk for example.

These demographics for Ashbocking may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Ashbocking in East of England.

In Ashbocking, what is the crime rate?

In Ashbocking, for every 1000 people, there is currently a crime rate of 4400%. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (4400% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

In Ashbocking, what is the 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 Ashbocking in grades A or B which are the highest skilled roles in the country is 26%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £45,300.00 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 26%.

What is the education level like in Ashbocking?

The number of people as a percentage who have been through university and gained a degree is 23%. The ability to buy a home is greatly influenced by the number of people who have degrees. £45,300.00 is the amount people in Ashbocking are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Ashbocking, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Ashbocking, how has the population changed?

The city of Ashbocking has a total population of 16150. 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 Ashbocking 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 Ashbocking

Over time, in the last five years, the population of the city of Ashbocking has changed by 4%. 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 4% 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 Ashbocking?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Ashbocking 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.

In Ashbocking, what are the deprivation levels like?

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 £0 for Ashbocking should give you a nice idea of the deprivation in the area.

Do the people of Ashbocking get to enjoy green space?

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 Ashbocking, 22 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 Ashbocking.

Why you should consider the average rental yield when searching for houses for sale in Ashbocking

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Ashbocking.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Suffolk) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Ashbocking £0 £963 no relevant data for this city £0
Suffolk 3.69% £991.67 125.38% 14.64%
East of England 0.03 1,148.32 £1 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Ashbocking which is 12 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Ashbocking is to invest in. Both in terms of rental yield and capital appreciation.

In Ashbocking, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Ashbocking, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Ashbocking growth rate no relevant data for this city 17% 18%

As the population of Ashbocking grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

In Ashbocking, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Ashbocking, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Ashbocking.

Houses for sale, are sold on average in Ashbocking, after the influence of these factors, at £263,470 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 8% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £366,394
Aerage sold price (semi-detached) £234,284
Aerage sold price (terraced) £207,550
Aerage sold price (flat) £127,793

This table above shows the average sale price for each variation of houses for sale in Ashbocking.

Housing category Sale price per square foot
Aerage sold price/sqft £2,850
Aerage sold price/sqft (new build) £2,850
Aerage sold price/sqft (old stock) £2,750

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Ashbocking is £2,850.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Finding the ideal house for sale for you

Many criteria impact the price of houses for sale in Ashbocking.
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 are the asking prices for the houses for sale in the city of Ashbocking?

The average asking price for the houses for sale in the city of Ashbocking

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £241,705
Average asking price (3 bed) £366,342
Average asking price (4 bed) £528,570
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Ashbocking is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Ashbocking, the average price asked by the homeowners works out to be £391,233.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Ashbocking is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Advice from experts on properties for sale in Ashbocking

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

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Ashbocking?

If planning permissions are abundant in the vicinity of Ashbocking, it may look promising for landlords looking to renovate. With 14 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 16150. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What is the monthly count of property transactions in Ashbocking?

In the city of Ashbocking, there are 12 and in the total for the UK, there are around 1.1 million property sales.

What’s the annual population shift in a city such as Ashbocking?

Calculating the evolution of Ashbocking’s population requires an examination of the population transformation over a decade, amounting to 8%, and the five-year adjustment at 4%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

prices for houses on sale in the broader vicinity of Ashbocking?

The average cost per square foot for a house in Ashbocking is presently £0.

Would acquiring a house for sale in Ashbocking be regarded as a high-priced option?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Ashbocking, this stands at £263,470, whereas the UK’s mean is £286,500.

Find an estate agent where you’re looking to buy in Ashbocking

When buying, having the right expertise when navigating Ashbocking and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Email Contact number Address of agent
Town and Village – Needham Market Phone number only 441449763047 87a High Street, Needham Market, Ipswich, IP6 8DQ
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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