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Whenever looking for a house for sale in the UK or in Flackwell Heath, it is vital you look at the market trends and house price fluctuations in the wider area of Buckinghamshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Flackwell Heath.
In this article, we will be looking at the city of Flackwell Heath in detail so you know how to navigate the area and have a better understanding on where to invest.
In Flackwell Heath, what are the demographics like?
In Flackwell Heath, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Flackwell Heath if 19367 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Flackwell Heath such as rental yield or house appreciation.
How has the population size of Flackwell Heath adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Flackwell Heath by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Flackwell Heath?
In the last decade, the population of Flackwell Heath has been adjusted by 9%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Flackwell Heath, what are the deprivation levels like?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Flackwell Heath should give you a nice idea of the deprivation in the area.
Flackwell Heath within Buckinghamshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Flackwell Heath 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 Flackwell Heath.
What is the education level like in Flackwell Heath?
In Flackwell Heath, the proportion of people who have a degree is 33%. 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 Flackwell Heath is £60,000.00.
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.
What is the city of Flackwell Heath’s social grade score?
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 Flackwell Heath, the percentage of people in the two highest categories, A and B is 35%. 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 £60,000.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (35%).
In the city of Flackwell Heath, how much green space remains for residents?
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 Flackwell Heath, 22 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 Flackwell Heath.
How much do people in Flackwell Heath earn?
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 Flackwell Heath. Compare the area’s average household income of £60,000.00 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 35% for more conclusive data on the affluence of the area.
In Flackwell Heath, what is the crime rate?
For the city of Flackwell Heath, crime rate is at 5400%. So for every 1000 people in the area, 5400% 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.
Invest in houses for sale in Flackwell Heath 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 general, what do houses for sale sell for in Flackwell Heath?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Flackwell Heath. In Flackwell Heath, this sale price works out to be £493,052. As an example, a factor like population growth over the last 10 years which works out to be 9% in Flackwell Heath and impacts house prices of the houses for sale.
Housing category | Total final sale price |
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Average sold price (detached) | £684,977 |
Average sold price (semi-detached) | £465,400 |
Average sold price (terraced) | £372,754 |
Average sold price (flat) | £235,898 |
Above, the exact type of house is also shown to vary in price in a table in Flackwell Heath. 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 |
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Average sold price/sqft | £4,620 |
Average sold price/sqft (new build) | £4,800 |
Average sold price/sqft (old stock) | £4,580 |
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 Flackwell Heath which is £4,620. 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.
In Flackwell Heath, what is the asking price in general for a house for sale?
Average price of houses for sale in Flackwell Heath
Average asking price (1 bed) | £256,841 |
Average asking price (2 bed) | £377,274 |
Average asking price (3 bed) | £569,499 |
Average asking price (4 bed) | £805,402 |
Average asking price (5 bed) | £1,151,923 |
After looking at this table about prices of houses for sale in Flackwell Heath, 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 £0 will help them to have a more holistic understanding.
When speaking about the city of Flackwell Heath, £570,672 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 in Flackwell Heath would be after a larger house than someone living alone.
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.
House for sale in a different UK region
We have prepared a list of cities that are entirely dissimilar to the region of East of England, perfect if you are looking for somewhere similar to Flackwell Heath but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- alves in East of England
- blair-drummond in East of England
- acton-bridge in East of England
- arlingham in East of England
- blackbrook in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
What’s the rental yield in general for the city of Flackwell Heath?
Are there new houses being built in Flackwell Heath to make it grow?
Whenever you are thinking about looking for houses for sale in Flackwell 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 | |
---|---|---|---|
Flackwell Heath growth rate | 6% | 19% | 21% |
As the population of Flackwell 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.
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Flackwell Heath.
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 (Buckinghamshire) as well as the broader region; East of England.
Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
---|---|---|---|---|
Flackwell Heath | £0 | £1,685 | £1 | £0 |
Buckinghamshire | 3.56% | £1,345.40 | 122.24% | 16.67% |
East of England | 0.03 | 1,148.32 | £1 | 16.58% |
Also, you can compare other data to the table above such as the number of houses sold per month in Flackwell Heath which is 13 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 Flackwell Heath is to invest in. Both in terms of rental yield and capital appreciation.
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Flackwell Heath?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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.
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