Whenever looking for a house for sale in the UK or in Ashmanhaugh, it is vital you look at the market trends and house price fluctuations in the wider area of Norfolk too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Ashmanhaugh.
In this article, we will be looking at the city of Ashmanhaugh in detail so you know how to navigate the area and have a better understanding on where to invest.
Are there any important statistics about the population of Ashmanhaugh?
What’s the crime rate in Ashmanhaugh?
In Ashmanhaugh, for every 1000 people, there is currently a crime rate of 50. 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 (50 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.
Is the city of Ashmanhaugh 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 Ashmanhaugh is 23% 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.
In the city of Ashmanhaugh, has the population grown or shrunk?
Population growth in Ashmanhaugh 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 Ashmanhaugh, 20,440 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 Ashmanhaugh 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 Ashmanhaugh, this change has been 2%. 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 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Ashmanhaugh?
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 5% in Ashmanhaugh.
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.
In the city of Ashmanhaugh, how much green space remains for residents?
Whether you view green space in Ashmanhaugh as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Ashmanhaugh, the number of acres of green space for every 1000 people currently is 11.1 which can be measured against the UK average of 1.7.
Located in Norfolk is the city of Ashmanhaugh, in a large part of the UK; East of England. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Ashmanhaugh has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Ashmanhaugh which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Ashmanhaugh, 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 Ashmanhaugh 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, £39,700 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%.
What salary does the community in Ashmanhaugh take home?
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 Ashmanhaugh, the average income is £39,700. 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 18% to decide on what the demographics are like in the area.
In Ashmanhaugh, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Ashmanhaugh is 21%. 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 Ashmanhaugh is £39,700.
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.
In Ashmanhaugh, what is the asking price in general for a house for sale?
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 Ashmanhaugh 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 £393,227.
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 Ashmanhaugh.
In the city of Ashmanhaugh, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£249,375|
|Average asking price (3 bed)||£368,529|
|Average asking price (4 bed)||£559,839|
|Average asking price (5 bed)||£802,000|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Ashmanhaugh 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
Always consider average rental yield when searching for houses for sale in Ashmanhaugh
Is the housing market in Ashmanhaugh growing?
Whenever you are thinking about looking for houses for sale in Ashmanhaugh, 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|
|Ashmanhaugh growth rate||7%||22%||28%|
As the population of Ashmanhaugh 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 Ashmanhaugh, 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 Norfolk, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ashmanhaugh||no relevant data for this city||no relevant data for this city||no relevant data for this city||15.0%|
|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 Ashmanhaugh you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Ashmanhaugh with the above table gives you a good understanding of the profitability of the area.
In general, for the city of Ashmanhaugh, what are the final purchase prices for the houses for sale?
In Ashmanhaugh, the average sale price of a house for sale is in fact £285,445. This is dependent on the 10 year population growth of Ashmanhaugh being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ashmanhaugh.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£341,297|
|Aerage sold price (semi-detached)||£218,114|
|Aerage sold price (terraced)||£202,482|
|Aerage sold price (flat)||£131,386|
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 Ashmanhaugh.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,650|
|Aerage sold price/sqft (new build)||£2,530|
|Aerage sold price/sqft (old stock)||£2,540|
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 £2,650. This means if you are just looking out the houses sold in Ashmanhaugh in general and didn’t take into consideration the type of build. For example, a new build.
Invest in houses for sale in Ashmanhaugh with the right professional advice
A house for sale that is right for you
Many criteria impact the price of houses for sale in Ashmanhaugh.
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.
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
Other cities you can consider looking for with houses for sale
Examine this short list of cities belonging to East of England, the same region where Ashmanhaugh is located.
- Bricket-Wood in East of England
- Ballinger-Common in East of England
- Aston-Abbotts in East of England
- Crownthorpe in East of England
- Barton-Bendish in East of England
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.