Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Hawkwell, Essex.
From the average asking price of houses for sale in Hawkwell to the growth of the population in the area, all will be talked about regarding the city of Hawkwell. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What’s the rental yield in general for the city of Hawkwell?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Hawkwell. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Hawkwell.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Essex), a regional level (East of England) and finally on the level of the city talked about in this article, Hawkwell.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Hawkwell||no relevant data for this city||no relevant data for this city||no relevant data for this city||16.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
You may also find it useful to compare the data above to the number of properties sold per month Hawkwell experiences. This figure for house sales per month is 18. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Is the housing market in Hawkwell growing?
Before committing to Hawkwell to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Hawkwell growth rate||2%||15%||22%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Hawkwell is building housing to find your answer.
What is the asking price on average of houses for sale in Hawkwell?
In the city of Hawkwell, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£361,727|
|Average asking price (3 bed)||£436,909|
|Average asking price (4 bed)||£603,560|
|Average asking price (5 bed)||£830,832|
After looking at this table about prices of houses for sale in Hawkwell, 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.
When speaking about the city of Hawkwell, £494,952 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 Hawkwell.
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.
In Hawkwell, what do houses for sale tend to sell for?
In Hawkwell, houses for sale are sold at an average of £391,128. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Hawkwell. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£511,398|
|Aerage sold price (semi-detached)||£338,739|
|Aerage sold price (terraced)||£313,947|
|Aerage sold price (flat)||£229,311|
As you can see above, for Hawkwell, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 5% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,660|
|Aerage sold price/sqft (new build)||£3,600|
|Aerage sold price/sqft (old stock)||£3,600|
Looking at the second table about Hawkwell, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Hawkwell is £3,660.
In Hawkwell, what are the demographics like?
In Hawkwell, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Hawkwell is 19%. 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 Hawkwell is £45,200.
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 Hawkwell, what is the 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 Hawkwell in grades A or B which are the highest skilled roles in the country is 25%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £45,200 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 25%.
How much are those living in Hawkwell earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (25%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Hawkwell, this works out to be £45,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Hawkwell in the county of Essex 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 Hawkwell 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 Hawkwell, 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.
In Hawkwell, what is the crime rate?
Within Hawkwell, the number of people committing crimes is 50 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 50 figure carefully.
Are the deprivation levels of the UK any different to Hawkwell?
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 Hawkwell, in particular, the deprivation levels are 22%.
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 Hawkwell, 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 Hawkwell if 21,681 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 Hawkwell such as rental yield or house appreciation.
How has the population size of Hawkwell adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Hawkwell by 3%. 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 3% 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 Hawkwell?
In the last decade, the population of Hawkwell has been adjusted by 5%. 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.
Do the people of Hawkwell get to enjoy green space?
In the city of Hawkwell, there are 36.8 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 Hawkwell is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.