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 Askett, Buckinghamshire.
From the average asking price of houses for sale in Askett to the growth of the population in the area, all will be talked about regarding the city of Askett. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What kind of demographics does the city of Askett have?
What is the population of Askett?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Askett if 12,489 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 Askett such as rental yield or house appreciation.
How has the population size of Askett adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Askett 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 Askett?
In the last decade, the population of Askett has been adjusted by 9%. 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 Askett?
Within Askett, the number of people committing crimes is 59 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 59 figure carefully.
In Askett, how educated are people in general?
In the city of Askett, 37% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Askett is £56,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In Askett, what is the social grade score?
In the city of Askett, the social grade score of the area is 39%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Askett.
| 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 |
How much are those living in Askett earning?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £56,500.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Askett this figure is 39%.
Do the people of Askett get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Askett currently has 13.9 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Askett in this case.
The city of Askett, situated in Buckinghamshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Askett 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 Askett. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the people of Askett deprived?
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 Askett, in particular, the deprivation levels are 16%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What are the asking prices for the houses for sale in the city of Askett?
In the city of Askett, 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) | £449,283 |
| Average asking price (3 bed) | £571,818 |
| Average asking price (4 bed) | £783,947 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Askett, 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 £5,120 will help them to have a more wholistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Askett is £588,958.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Askett is useful when negotiating and knowing what to expect for every type of house for sale.
What is the final sale price of a house in Askett?
In Askett, houses for sale are sold at an average of £468,983. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Askett. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £665,362 |
| Aerage sold price (semi-detached) | £422,044 |
| Aerage sold price (terraced) | £377,033 |
| Aerage sold price (flat) | £290,804 |
As you can see above, for Askett, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 9% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,400 |
| Aerage sold price/sqft (new build) | £4,360 |
| Aerage sold price/sqft (old stock) | £4,390 |
Looking at the second table about Askett, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Askett is £4,760.
Always consider average rental yield when searching for houses for sale in Askett
Is the housing market in Askett growing?
The growth of an area like Askett can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Askett growth rate | 3% | 19% | 16% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Askett if you want to find out the exact reasons for the housing change.
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.
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 in to all the details of Askett.
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 (Buckinghamshire) as well as the broader region; East of England.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Askett | 2.8% | £1,365 | no relevant data for this city | 15.0% |
| Buckinghamshire | 3.56% | £1,345 | 122.24% | 16.67% |
| East of England | 3.49% | £1,148 | 126.76% | 16.58% |
Also, you can compare other data to the table above such as the number of houses sold per month in Askett which is 11 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 Askett is to invest in. Both in terms of rental yield and capital appreciation.
Invest in houses for sale in Askett with the right professional advice
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Askett.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
Thinking about other cities with houses for sale?
We have prepared a list of cities in East of England, the same UK region of Askett that can help you evaluate the different houses for sale listed in the region:
- Briningham in East of England
- Barton-Mills in East of England
- Ballinger-Common in East of England
- Aldham in East of England
- Amersham in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
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