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How much will you pay for a house for sale in Harpenden?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ How much will you pay for a house for sale in Harpenden?

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Whenever looking for a house for sale in the UK or in Harpenden, it is vital you look at the market trends and house price fluctuations in the wider area of Hertfordshire 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 Harpenden.

In this article, we will be looking at the city of Harpenden in detail so you know how to navigate the area and have a better understanding on where to invest.

Other cities in different locations you can consider to buy property

Below is a list of towns that differ from Harpenden.
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:

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.

In general, what do houses for sale sell for in Harpenden?

As well as looking at the asking price for house for sale in Harpenden, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Harpenden.

Houses for sale, are sold on average in Harpenden, after the influence of these factors, at £739,145 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £1,109,905
Aerage sold price (semi-detached) £714,792
Aerage sold price (terraced) £535,275
Aerage sold price (flat) £344,532

This table above shows the average sale price for each variation of houses for sale in Harpenden.

Housing category Sale price per square foot
Aerage sold price/sqft £5,950
Aerage sold price/sqft (new build) £5,790
Aerage sold price/sqft (old stock) £5,840

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Harpenden is £6,140.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What’s the rental yield in general for the city of Harpenden?

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 Harpenden.

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

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Harpenden £0 £1,709 £1 £0
Hertfordshire 3.33% £1,381.63 133.74% 16.45%
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 Harpenden which is 23 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 Harpenden is to invest in. Both in terms of rental yield and capital appreciation.

Are there new houses being built in Harpenden to make it grow?

Whenever you are thinking about looking for houses for sale in Harpenden, 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
Harpenden growth rate 10% 9% 23%

As the population of Harpenden 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.

Who can help you buy a house for sale in Harpenden?

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

What is the asking price on average of houses for sale in Harpenden?

When speaking about the city of Harpenden, £872,565 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 Harpenden 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.

Table showing the asking prices for houses for sale in Harpenden

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £429,836
Average asking price (3 bed) £743,361
Average asking price (4 bed) £1,145,942
Average asking price (5 bed) £1,675,208

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Harpenden is £6,330. This should show you the general prices overall and for individual types of houses too.

A house for sale that is right for you

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 Harpenden.

  • 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 Harpenden, what are the demographics like?

How educated are the people in Harpenden?

In the city of Harpenden, 52% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Harpenden is £63,200.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What does the population of Harpenden look like?

In total, the number of people in Harpenden is 30449. 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 Harpenden, depending on where exactly you are.

How has Harpenden 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 Harpenden has changed by 2%. 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 2% 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 Harpenden?

7% 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 Harpenden 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 Harpenden 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 Harpenden, 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.

How much do people in Harpenden earn?

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 £63,200.00.

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 Harpenden this figure is 56%.

How much green space is available to residents of Harpenden?

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 Harpenden, 30 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 Harpenden.

In Harpenden, what is the social grade score?

In the city of Harpenden 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 Harpenden has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 56%.

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

Harpenden in the county of Hertfordshire 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 Harpenden 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 Harpenden, 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.

Is the crime rate bad in the city of Harpenden?

Within Harpenden, the number of people committing crimes is 4900% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 4900% figure carefully.

FAQ

Is it possible to renovate a property in Harpenden?

Every single month in Harpenden, there are 33 planning applications, of which nan result in a success. Look at this in terms of the population size of 30449 to work out if you think you’d have good planning success if you were to renovate.

What’s the number of property sales each month in Harpenden?

23 property transactions are reported in Harpenden each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Harpenden?

To work out how the population of Harpenden has changed over time, you can look at the population change over a decade which is 7% and the change in a five year period two which falls at 2%. 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

prices for houses on sale in the broader vicinity of Harpenden?

The average cost per square foot for a house in Harpenden is presently £6,330.

Is investing in a house for sale in Harpenden a financially demanding choice?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Harpenden, this stands at £739,145, whereas the UK’s mean is £286,500.

Find an estate agent in the city of Harpenden

In order to buy a house in Harpenden you might need the service of an estate agent. To simplify the pain of looking for the nearest agent we have built a list of estate agents in your area, taking you straight to their website

Estate agent Contact number Address of agent Email
Home County Rentals 441582761666 BURGUNDY HOUSE 22 THE FORESTERS Liz Sibley (lizs@homecountyrentals.co.uk)
VillageEstates 442037642222 1 Waterside Daniel Landau (daniel@village-estates.co.uk);Neil Landau (neil@village-estates.co.uk)
Frosts 441582944246 6a Leyton Road, Harpenden, AL5 2TL nan
Allsopp Estate Agents 441582936252 73 High Street, Harpenden, AL5 2SL Phone number only
nan nan nan nan

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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