As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Blackmore End. 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 Blackmore End 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 Blackmore End will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Blackmore End
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 Blackmore End to Hertfordshire and the broader suburb of the UK; East of England.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|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 Blackmore End for profit in the future, in this case, looking at the data for the number of houses sold per month in Blackmore End would give you an idea of whether the area is actively getting new investors. This figure is 18.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Blackmore End. 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.
Is the housing market in Blackmore End growing?
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 Blackmore End at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Blackmore End growth rate||5%||17%||16%|
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 Blackmore End 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 Blackmore End.
On average, what is the figure for the asking price of a house for sale in Blackmore End?
Average asking prices for houses for sale in Blackmore End
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£385,960|
|Average asking price (3 bed)||£661,935|
|Average asking price (4 bed)||£910,809|
|Average asking price (5 bed)||£1,076,786|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Blackmore End is the right area to buy a house in for you.
When speaking about the city of Blackmore End, £702,935 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 Blackmore End.
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.
In general, for the city of Blackmore End, what are the final purchase prices for the houses for sale?
In Blackmore End, the average sale price of a house for sale is in fact £565,566. This is dependent on the 10 year population growth of Blackmore End being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Blackmore End.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£794,734|
|Aerage sold price (semi-detached)||£622,721|
|Aerage sold price (terraced)||£419,689|
|Aerage sold price (flat)||£274,027|
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 Blackmore End.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£5,420|
|Aerage sold price/sqft (new build)||£5,470|
|Aerage sold price/sqft (old stock)||£5,320|
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 £5,420. This means if you are just looking out the houses sold in Blackmore End in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Blackmore End?
In Blackmore End, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 42%. The ability to buy a home is greatly influenced by the number of people who have degrees. £56,200 is the amount people in Blackmore End 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 Blackmore End, 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.
How much green space is available to residents of Blackmore End?
Whether you view green space in Blackmore End 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 Blackmore End, the number of acres of green space for every 1000 people currently is 51.1 which can be measured against the UK average of 1.7.
How much do people in Blackmore End 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 Blackmore End, the average income is £56,200. 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 42% to decide on what the demographics are like in the area.
How deprived is the population of Blackmore End?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Blackmore End, currently, 14% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
In Blackmore End, how has the population changed?
In total, the number of people in Blackmore End is 27,203. 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 Blackmore End, depending on where exactly you are.
How has Blackmore End 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 Blackmore End has changed by 2%. 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 2% 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 Blackmore End?
7% 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 Blackmore End 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.
Blackmore End within Hertfordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Blackmore End will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Blackmore End.
What is the social grade score of Blackmore End?
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 Blackmore End 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 Blackmore End, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 42%.
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|
In general, do people commit a lot of crime in Blackmore End?
For every one thousand people living in Blackmore End, 57 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 57 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.
Professional advice for houses for sale in Blackmore End
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Blackmore End.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:
- Beacon-End in East of England
- Kesgrave in East of England
- Ashwell in East of England
- Lilley in East of England
- Abington-Pigotts 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.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Blackmore End
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.