As a landlord, whenever you are looking at houses for sale in Essex, you could find varying prices throughout an area like Daws Heath. 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 Daws Heath 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 Daws Heath will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Daws Heath
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 Daws Heath to Essex 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 Daws Heath for profit in the future, in this case, looking at the data for the number of houses sold per month in Daws Heath would give you an idea of whether the area is actively getting new investors. This figure is 40.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Daws Heath. 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.
Are there new houses being built in Daws Heath to make it grow?
Whenever you are thinking about looking for houses for sale in Daws Heath, 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|
|Daws Heath growth rate||4%||17%||19%|
As the population of Daws Heath 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.
In Daws Heath, what do houses for sale tend to sell for?
In Daws Heath, the average sale price of a house for sale is in fact £355,667. This is dependent on the 10 year population growth of Daws Heath being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Daws Heath.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£463,271|
|Aerage sold price (semi-detached)||£328,429|
|Aerage sold price (terraced)||£299,380|
|Aerage sold price (flat)||£207,038|
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 Daws Heath.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,660|
|Aerage sold price/sqft (new build)||£3,740|
|Aerage sold price/sqft (old stock)||£3,560|
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 £3,910. This means if you are just looking out the houses sold in Daws Heath 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 Daws Heath?
What is the city of Daws Heath’s social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Daws Heath in grades A or B which are the highest skilled roles in the country is 21%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £44,400 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 21%.
Are the people of Daws Heath 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 Daws Heath, in particular, the deprivation levels are 21%.
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 crime rate bad in the city of Daws Heath?
For every one thousand people living in Daws Heath, 71 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 71 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 Daws Heath, how educated are people in general?
In Daws Heath, the proportion of people who have a degree is 18%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Daws Heath is £44,400.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Do the people of Daws Heath get to enjoy 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 Daws Heath, 22.2 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 Daws Heath.
What is the population of Daws Heath?
Population growth in Daws Heath is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Daws Heath, 49,121 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Daws Heath in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Daws Heath, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Daws Heath?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Daws Heath.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
The city of Daws Heath, 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 Daws Heath 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 Daws Heath. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much are those living in Daws Heath earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£44,400 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 21% for Daws Heath.
On average, what is the figure for the asking price of a house for sale in Daws Heath?
The average asking price for the houses for sale in the city of Daws Heath
|Average asking price (1 bed)||£205,416|
|Average asking price (2 bed)||£362,359|
|Average asking price (3 bed)||£430,408|
|Average asking price (4 bed)||£584,012|
|Average asking price (5 bed)||£694,700|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Daws Heath is £4,160. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Daws Heath, £452,443 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 Daws Heath.
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 Daws Heath
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Daws Heath which is East of England. You might want to consider these as alternatives for your next real estate investment:
- Bayford in East of England
- Caldecote in East of England
- Green-Tye in East of England
- Barling in East of England
- Kesgrave in East of England
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Daws Heath
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.