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What is it like buying a house in Boxworth End?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ What is it like buying a house in Boxworth End?

Boxworth End 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 Boxworth End.

On top of this, keep reading for detailed information on the demographics of Boxworth End in Cambridgeshire. 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 Boxworth End, 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 Boxworth End 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 £455,174.

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 Boxworth End.

The average asking price for the houses for sale in the city of Boxworth End

Average asking price (1 bed) £245,750
Average asking price (2 bed) £358,963
Average asking price (3 bed) £509,020
Average asking price (4 bed) £726,087
Average asking price (5 bed) no relevant data for this city

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 (£5,020) for houses for sale with this table to get a good idea as to whether Boxworth End is the right area to buy a house in for you.

Always consider average rental yield when searching for houses for sale in Boxworth End

In Boxworth End, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Boxworth End, 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
Boxworth End growth rate 2% 11% 12%

As the population of Boxworth End 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.

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 Boxworth End.

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 (Cambridgeshire) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Boxworth End 3.5% £1,309 140% 23.0%
Cambridgeshire 3.51% £1,154 130.11% 17.65%
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 Boxworth End which is 24 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 Boxworth End is to invest in. Both in terms of rental yield and capital appreciation.

In Boxworth End, what are the demographics like?

Boxworth End in the county of Cambridgeshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Boxworth End is located in; East of England.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Boxworth End, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In general, do people commit a lot of crime in Boxworth End?

In Boxworth End, for every 1000 people, there is currently a crime rate of 112. 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 (112 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.

What is a social grade score and how does this relate to Boxworth End?

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 Boxworth End, the percentage of people in the two highest categories, A and B is 37%. 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 £49,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (37%).

How much green space is available to residents of Boxworth End?

In the city of Boxworth End, there are 5.8 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Boxworth End is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Boxworth End, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 50%. The ability to buy a home is greatly influenced by the number of people who have degrees. £49,100 is the amount people in Boxworth 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 Boxworth 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.

Have the people of Boxworth End grown in numbers?

In total, the number of people in Boxworth End is 41,852. 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 Boxworth End, depending on where exactly you are.

How has Boxworth 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 Boxworth End has changed by 0%. 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 0% 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 Boxworth End?

5% 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 Boxworth 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.

Is the city of Boxworth End 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 Boxworth End, 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.

How much are those living in Boxworth End earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Boxworth End. Compare the area’s average household income of £49,100 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 37% for more conclusive data on the affluence of the area.

In general, for the city of Boxworth End, what are the final purchase prices for the houses for sale?

For the city of Boxworth End, the average price a house sells for is £397,972. This value usually depends on the exact location of the house within Boxworth End as well as other factors like the population growth in Boxworth End which is 5% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £592,177
Aerage sold price (semi-detached) £458,214
Aerage sold price (terraced) £411,536
Aerage sold price (flat) £250,191

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 Boxworth End.

Housing category Sale price per square foot
Aerage sold price/sqft £4,540
Aerage sold price/sqft (new build) £4,400
Aerage sold price/sqft (old stock) £4,520

Generalising the bottom table, the average value per square foot of a house for sale is £4,780. This value averages all of the types of houses for sale in Boxworth End. 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 Boxworth End.

Advice from experts on properties for sale in Boxworth End

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

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Boxworth End.
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.

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 Boxworth End is located.

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.

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