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 Ashingdon, Essex.
From the average asking price of houses for sale in Ashingdon to the growth of the population in the area, all will be talked about regarding the city of Ashingdon. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Are there any important statistics about the population of Ashingdon?
Is the education level of Ashingdon important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 19%. The ability to buy a home is greatly influenced by the number of people who have degrees. £42,100 is the amount people in Ashingdon 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 Ashingdon, 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 the city of Ashingdon, 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 Essex for example.
These demographics for Ashingdon 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 Ashingdon in East of England.
How much do people in Ashingdon earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£42,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 19% for Ashingdon.
Is the crime rate bad in the city of Ashingdon?
For every one thousand people living in Ashingdon, 93 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 93 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.
In Ashingdon, how has the population changed?
In total, the number of people in Ashingdon is 20,773. 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 Ashingdon, depending on where exactly you are.
How has Ashingdon 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 Ashingdon 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 Ashingdon?
5% 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 Ashingdon 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.
Is there sufficient green space in Ashingdon?
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 Ashingdon, the city has 39.2 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 Ashingdon.
What is the city of Ashingdon’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Ashingdon, the percentage of people in the two highest categories, A and B is 19%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £42,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (19%).
How deprived is the population of Ashingdon?
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 25% for Ashingdon should give you a nice idea of the deprivation in the area.
Why you should consider the average rental yield when searching for houses for sale in Ashingdon
What is the growth in the housing market of Ashingdon?
Before committing to Ashingdon 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|
|Ashingdon growth rate||3%||11%||17%|
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 Ashingdon is building housing to find your answer.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Ashingdon to Essex and the broader suburb of the UK; East of England.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ashingdon||3.5%||£1,084||no relevant data for this city||14.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
Let’s assume you want to sell the house you’re looking to buy in Ashingdon for profit in the future, in this case, looking at the data for the number of houses sold per month in Ashingdon would give you an idea of whether the area is actively getting new investors. This figure is 13.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Ashingdon. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
In general, for the city of Ashingdon, what are the final purchase prices for the houses for sale?
In Ashingdon, the average sale price of a house for sale is in fact £321,147. This is dependent on the 10 year population growth of Ashingdon being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ashingdon.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£452,811|
|Aerage sold price (semi-detached)||£305,155|
|Aerage sold price (terraced)||£282,703|
|Aerage sold price (flat)||£157,754|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Ashingdon.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,430|
|Aerage sold price/sqft (new build)||£3,580|
|Aerage sold price/sqft (old stock)||£3,290|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £3,430. This means if you are just looking out the houses sold in Ashingdon in general and didn’t take into consideration the type of build. For example, a new build.
Asking price in Ashingdon for a house for sale
On average, in Ashingdon, the asking price for a house for sale in the area is £370,376.
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 Ashingdon. 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.
Table showing the asking prices for houses for sale in Ashingdon
|Average asking price (1 bed)||£172,866|
|Average asking price (2 bed)||£320,303|
|Average asking price (3 bed)||£391,181|
|Average asking price (4 bed)||£518,889|
|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 in terms of the house asking price, the average asking price for the house for sale in the whole of Ashingdon is £0. This should show you the general prices overall and for individual types of houses too.