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.
On average, what is the figure for the asking price of a house for sale in Ashbocking?
On average, in Ashbocking, the asking price for a house for sale in the area is £391,233.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Ashbocking. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Average asking prices for houses for sale in 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 |
After looking at this table about prices of houses for sale in Ashbocking, 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.
What are the demographics like in the city of Ashbocking?
What is the city of Ashbocking’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 Ashbocking 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 Ashbocking, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 26%.
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 |
Do the people of Ashbocking get to enjoy green space?
In the city of Ashbocking, there are 21.6 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 Ashbocking is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Is the education level of Ashbocking important when buying a house?
In Ashbocking, the proportion of people who have a degree is 23%. 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 Ashbocking is £45,300.
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.
Are the people in Ashbocking earning a lot?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Ashbocking. Compare the area’s average household income of £45,300 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 26% for more conclusive data on the affluence of the area.
Are the people of Ashbocking deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Ashbocking is 25% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
The city of Ashbocking, situated in Suffolk, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Ashbocking and its demographics will be compared to its wider location (East of England). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Ashbocking. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the population of Ashbocking?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Ashbocking if 16,150 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 Ashbocking such as rental yield or house appreciation.
How has the population size of Ashbocking adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Ashbocking by 4%. 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 4% 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 Ashbocking?
In the last decade, the population of Ashbocking has been adjusted by 8%. 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’s crime like in Ashbocking?
For every one thousand people living in Ashbocking, 44 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 44 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Always consider average rental yield when searching for houses for sale in Ashbocking
Are there new houses being built in Ashbocking to make it grow?
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.
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 Ashbocking, 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) | |
|---|---|---|---|---|
| Ashbocking | 3.0% | £963 | no relevant data for this city | 26.0% |
| 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 Ashbocking you might be interested in the number of sales per month (21) that happen in the local housing market. Comparing this figure for Ashbocking with the above table gives you a good understanding of the profitability of the area.
In general, for the city of Ashbocking, what are the final purchase prices for the houses for sale?
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.
Get professional help on the houses for sale in Ashbocking
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Ashbocking.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:
- Henlow in East of England
- Peterborough in East of England
- Bale in East of England
- Southchurch in East of England
- Barling in East of England
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Invest in a house for sale that meets your demands
When browsing houses for sale in Ashbocking you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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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.
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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.
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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
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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.
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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
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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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.
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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.
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
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