Elsenham 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 Elsenham.
On top of this, keep reading for detailed information on the demographics of Elsenham in Essex. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Advice from experts on properties for sale in Elsenham
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Elsenham?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
In Elsenham, what are the demographics like?
How much do people in Elsenham earn?
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.
£51,900.00 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 0.29 for Elsenham.
In the city of Elsenham, is there a lot of green space?
In the city of Elsenham, there are 91 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 Elsenham is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the education level like in Elsenham?
Interestingly, the percentage of people who have a degree in the city of Elsenham is 30%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Elsenham is £51,900.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What is the city of Elsenham’s social grade score?
In the city of Elsenham and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Elsenham has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 0.29.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
Is the crime rate bad in the city of Elsenham?
For every one thousand people living in Elsenham, 86 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 86 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.
Located in Essex is the city of Elsenham, in a large part of the UK; East of England. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Elsenham has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Elsenham which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Elsenham, how has the population changed?
In total, the number of people in Elsenham is 13712. 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 Elsenham, depending on where exactly you are.
How has Elsenham 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 Elsenham has changed by 8%. 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 8% 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 Elsenham?
17% 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 Elsenham 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.
Are the people of Elsenham 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 Elsenham, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In general, what do houses for sale sell for in Elsenham?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Elsenham. In Elsenham, this sale price works out to be £478,909. As an example, a factor like population growth over the last 10 years which works out to be 17% in Elsenham and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£558,722|
|Average sold price (semi-detached)||£381,296|
|Average sold price (terraced)||£314,910|
|Average sold price (flat)||£204,970|
Above, the exact type of house is also shown to vary in price in a table in Elsenham. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£3,760|
|Average sold price/sqft (new build)||£3,620|
|Average sold price/sqft (old stock)||£3,670|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Elsenham which is £3,760. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
houses for sale in other cities and regions in the UK
Below is a list of towns that differ from Elsenham.
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:
- addlestone in East of England
- exeter in East of England
- ham in East of England
- abbeycwmhir in East of England
- bradford 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.
Why you should consider the average rental yield when searching for houses for sale in Elsenham
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Elsenham, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Essex, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Elsenham||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
|East of England||0.03||1,148.32||£1||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Elsenham you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Elsenham with the above table gives you a good understanding of the profitability of the area.
In Elsenham, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Elsenham, 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|
|Elsenham growth rate||8%||14%||27%|
As the population of Elsenham 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.
What is the asking price on average of houses for sale in Elsenham?
When investors make offers for houses for sale in Elsenham, the average price asked by the homeowners works out to be £594,203.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Elsenham is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Table showing the asking prices for houses for sale in Elsenham
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£468,648|
|Average asking price (4 bed)||£647,258|
|Average asking price (5 bed)||£966,875|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Elsenham and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Do properties in Elsenham offer renovation potential?
Properties in the city of Elsenham may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 21 approvals every month with an approval of nan based on a population of 13712. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Elsenham?
Elsenham boasts a monthly total of 10 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
How does the population in a city like Elsenham change annually?
To work out how the population of Elsenham has changed over time, you can look at the population change over a decade which is 17% and the change in a five year period two which falls at 8%. 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 are the asking rates for houses for sale in the surrounding area of Elsenham?
Currently, the mean asking price of a house in Elsenham is £0, calculated using the average value per square foot
Is purchasing a house in Elsenham considered a costly decision?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Elsenham, the value is £478,909, whereas the UK’s mean is £286,500