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 Boxted, Essex.
From the average asking price of houses for sale in Boxted, to the growth of the population in the area, all will be talked about regarding the city of Boxted. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
On average, what is the figure for the asking price of a house for sale in Boxted?
Average price of houses for sale in Boxted
|Average asking price (1 bed)||£144,286|
|Average asking price (2 bed)||£237,567|
|Average asking price (3 bed)||£347,919|
|Average asking price (4 bed)||£462,077|
|Average asking price (5 bed)||£470,000|
After looking at this table about prices of houses for sale in Boxted, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £3,650 will help them to have a more holistic 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 Boxted is £332,437.
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 Boxted is useful when negotiating and knowing what to expect for every type of house for sale.
Invest in houses for sale in Boxted with the right professional advice
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
In Boxted, what are the demographics like?
What salary does the community in Boxted take home?
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 £44,300.00.
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 Boxted this figure is 22%.
What is a social grade score and how does this relate to Boxted?
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 Boxted, the percentage of people in the two highest categories, A and B is 22%. 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 £44,300.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).
Have the people of Boxted grown in numbers?
The city of Boxted has a total population of 47821. 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 Boxted 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 Boxted
Over time, in the last five years, the population of the city of Boxted has changed by 7%. 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 7% 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 Boxted?
In the last 10 years, there has been a shift in the population of 15%.
Comparing this to the 5 year figure of Boxted 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.
How deprived is the population of Boxted?
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 Boxted is £0 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.
The city of Boxted, situated in Essex, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Boxted 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 Boxted. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s the crime rate in Boxted?
For the city of Boxted, crime rate is at 13900%. So for every 1000 people in the area, 13900% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In Boxted, how educated are people in general?
In the city of Boxted, 27% 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 Boxted is £44,300.00. 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.
Do the people of Boxted 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 Boxted currently has 16 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 Boxted in this case.
Always consider average rental yield when searching for houses for sale in Boxted
In Boxted, how has the number of houses changed?
Before committing to Boxted 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|
|Boxted growth rate||no relevant data for this city||6%||15%|
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 Boxted is building housing to find your answer.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Boxted this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Essex then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Boxted.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||0.03||1,148.32||£1||16.58%|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Boxted.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (36) will be useful.
houses for sale in other cities and regions in the UK
Below is a list of towns that differ from Boxted.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to East of England:
- barnton in East of England
- coalsnaughton in East of England
- aston-sandford in East of England
- blackden-heath in East of England
- aynho in East of England
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Invest in a house for sale that meets your demands
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Boxted.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
In Boxted, what do houses for sale tend to sell for?
In Boxted, the average sale price of a house for sale is in fact £289,774. This is dependent on the 10 year population growth of Boxted being 15%. Growing populations are more likely to inflate the prices of houses for sale in the city of Boxted.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£377,636|
|Aerage sold price (semi-detached)||£276,267|
|Aerage sold price (terraced)||£250,247|
|Aerage sold price (flat)||£161,605|
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 Boxted.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,060|
|Aerage sold price/sqft (new build)||£3,060|
|Aerage sold price/sqft (old stock)||£2,960|
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 £3,350. This means if you are just looking out the houses sold in Boxted in general and didn’t take into consideration the type of build. For example, a new build.
Frequently Asked Questions
Are there opportunities for property renovation in Boxted?
Properties in the city of Boxted may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 11 approvals every month with an approval of nan based on a population of 47821. Compare other places in the UK to make this figure make more sense.
On a monthly basis, how many property transactions take place in Boxted?
Boxted boasts a monthly total of 36 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the annual population shift in a city such as Boxted?
To work out how the population of Boxted has changed over time, you can look at the population change over a decade which is 15% and the change in a five year period two which falls at 7%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What is the asking price for houses for sale in the wider region of Boxted?
The average asking price of a house in Boxted is currently £3,650 based on the average price per square foot.
Is investing in a house for sale in Boxted a financially demanding choice?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Boxted, this value is £289,774, compared to the UK’s average of £286,500.