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Ashwellthorpe – 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 $ Ashwellthorpe – What to look for in houses for sale?

Ashwellthorpe can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Ashwellthorpe.

On top of this, keep reading for detailed information on the demographics of Ashwellthorpe in Norfolk. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

In general, what do houses for sale sell for in Ashwellthorpe?

For the city of Ashwellthorpe, the average price a house sells for is £321,695. This value usually depends on the exact location of the house within Ashwellthorpe as well as other factors like the population growth in Ashwellthorpe which is 13% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £383,634
Aerage sold price (semi-detached) £247,585
Aerage sold price (terraced) £210,022
Aerage sold price (flat) no relevant data for this city

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Ashwellthorpe.

Housing category Sale price per square foot
Aerage sold price/sqft £2,610
Aerage sold price/sqft (new build) £2,560
Aerage sold price/sqft (old stock) £2,540

Generalising the bottom table, the average value per square foot of a house for sale is £2,930. This value averages all of the types of houses for sale in Ashwellthorpe. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Ashwellthorpe.

Always consider average rental yield when searching for houses for sale in Ashwellthorpe

Are there new houses being built in Ashwellthorpe to make it grow?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Ashwellthorpe at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Ashwellthorpe growth rate -3% 18% 14%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Ashwellthorpe gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Ashwellthorpe.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Ashwellthorpe. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Ashwellthorpe.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Norfolk), a regional level (East of England) and finally on the level of the city talked about in this article, Ashwellthorpe.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Ashwellthorpe no relevant data for this city no relevant data for this city no relevant data for this city 9.0%
Norfolk 3.75% £975 117.20% 16.23%
East of England 3.49% £1,148 126.76% 16.58%

You may also find it useful to compare the data above to the number of properties sold per month Ashwellthorpe experiences. This figure for house sales per month is 7. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

What are the people like in Ashwellthorpe?

What does the population of Ashwellthorpe look like?

The city of Ashwellthorpe has a total population of 12,051. 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 Ashwellthorpe 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 Ashwellthorpe

Over time, in the last five years, the population of the city of Ashwellthorpe has changed by 6%. 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 6% 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 Ashwellthorpe?

In the last 10 years, there has been a shift in the population of 13%.

Comparing this to the 5 year figure of Ashwellthorpe 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 Ashwellthorpe, what are the deprivation levels like?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Ashwellthorpe, in particular, the deprivation levels are 19%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

Is the education level of Ashwellthorpe important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 26%. The ability to buy a home is greatly influenced by the number of people who have degrees. £44,600 is the amount people in Ashwellthorpe 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 Ashwellthorpe, 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 Ashwellthorpe, what is the 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 Ashwellthorpe 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 Ashwellthorpe, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 25%.

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

The city of Ashwellthorpe, situated in Norfolk, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Ashwellthorpe 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 Ashwellthorpe. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much do people in Ashwellthorpe 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 Ashwellthorpe, the average income is £44,600. 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 25% to decide on what the demographics are like in the area.

What’s the crime rate in Ashwellthorpe?

For every one thousand people living in Ashwellthorpe, 40 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 40 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 the city of Ashwellthorpe, is there a lot of 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 Ashwellthorpe, 6.3 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 Ashwellthorpe.

On average, what is the figure for the asking price of a house for sale in Ashwellthorpe?

Table showing the asking prices for houses for sale in Ashwellthorpe

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £302,000
Average asking price (3 bed) £364,332
Average asking price (4 bed) £555,598
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Ashwellthorpe 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 £3,250 should also give you an overview of what the asking price for houses for sale are in general.

When speaking about the city of Ashwellthorpe, £471,787 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Ashwellthorpe.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Professional advice for houses for sale in Ashwellthorpe

A house for sale appropriate to your needs

When browsing houses for sale in Ashwellthorpe you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • 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.

  • 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.

  • 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

  • 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.

  • 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

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • 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.

  • 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.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

houses for sale in other cities in the UK

We have prepared a list of cities in East of England, the same UK region of Ashwellthorpe that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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