As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Hatfield Hyde. 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 Hatfield Hyde 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 Hatfield Hyde will be revealed. Keep reading.
In general, for the city of Hatfield Hyde, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Hatfield Hyde. In Hatfield Hyde, this sale price works out to be £352,830. As an example, a factor like population growth over the last 10 years which works out to be 13% in Hatfield Hyde and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£543,790|
|Average sold price (semi-detached)||£417,936|
|Average sold price (terraced)||£362,367|
|Average sold price (flat)||£238,074|
Above, the exact type of house is also shown to vary in price in a table in Hatfield Hyde. 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||£4,190|
|Average sold price/sqft (new build)||£4,290|
|Average sold price/sqft (old stock)||£4,140|
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 Hatfield Hyde which is £4,190. 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.
On average, what is the figure for the asking price of a house for sale in Hatfield Hyde?
When speaking about the city of Hatfield Hyde, £376,313 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 Hatfield Hyde.
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.
The average asking price for the houses for sale in the city of Hatfield Hyde
|Average asking price (1 bed)||£217,955|
|Average asking price (2 bed)||£305,953|
|Average asking price (3 bed)||£439,468|
|Average asking price (4 bed)||£590,778|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Hatfield Hyde, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
In Hatfield Hyde, what are the rental yields?
Is the housing market in Hatfield Hyde growing?
The growth of an area like Hatfield Hyde can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Hatfield Hyde growth rate||1%||11%||10%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Hatfield Hyde if you want to find out the exact reasons for the housing change.
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 Hatfield Hyde, 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 Hertfordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Hatfield Hyde||4.1%||£1,290||no relevant data for this city||30.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Hatfield Hyde you might be interested in the number of sales per month (23) that happen in the local housing market. Comparing this figure for Hatfield Hyde with the above table gives you a good understanding of the profitability of the area.
What are the demographics like in the city of Hatfield Hyde?
How much do people in Hatfield Hyde 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 £46,800.
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 Hatfield Hyde this figure is 23%.
Have the people of Hatfield Hyde grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Hatfield Hyde is 33,930.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Hatfield Hyde.
In Hatfield Hyde, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 5%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Hatfield Hyde is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (5%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Hatfield Hyde population difference over 10 years?
The population has adjusted in the area of Hatfield Hyde by 13% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Hatfield Hyde.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Hatfield Hyde 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 Hatfield Hyde 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 Hatfield Hyde, 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.
How deprived is the population of Hatfield Hyde?
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 22% for Hatfield Hyde should give you a nice idea of the deprivation in the area.
What is the education level like in Hatfield Hyde?
Interestingly, the percentage of people who have a degree in the city of Hatfield Hyde is 27%. 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 Hatfield Hyde is £46,800.
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.
In general, do people commit a lot of crime in Hatfield Hyde?
For the city of Hatfield Hyde, crime rate is at 101. So for every 1000 people in the area, 101 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.
In the city of Hatfield Hyde, how much green space remains for residents?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Hatfield Hyde currently has 12.1 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Hatfield Hyde in this case.
What’s a social grade score and how does it relate to Hatfield Hyde?
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 Hatfield Hyde in grades A or B which are the highest skilled roles in the country is 23%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £46,800 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 23%.
Get professional help on the houses for sale in Hatfield Hyde
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
Are you considering other cities with houses for sale?
We have prepared a list of cities in East of England, the same UK region of Hatfield Hyde that can help you evaluate the different houses for sale listed in the region:
- Aythorpe-Roding in East of England
- Acle in East of England
- Booton in East of England
- Broome in East of England
- Bardfield-Saling in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choose the right house for sale that suits your needs
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 Hatfield Hyde.
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.