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 Hemel Hempstead, Buckinghamshire.
From the average asking price of houses for sale in Hemel Hempstead, to the growth of the population in the area, all will be talked about regarding the city of Hemel Hempstead. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the people like in Hemel Hempstead?
How much do people in Hemel Hempstead 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 £51,600.00.
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 Hemel Hempstead this figure is 0.18.
In Hemel Hempstead, 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 Hemel Hempstead if 23639 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 Hemel Hempstead such as rental yield or house appreciation.
How has the population size of Hemel Hempstead adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Hemel Hempstead 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 Hemel Hempstead?
In the last decade, the population of Hemel Hempstead 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 general, do people commit a lot of crime in Hemel Hempstead?
For every one thousand people living in Hemel Hempstead, 99 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 99 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.
In the city of Hemel Hempstead, 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 Hemel Hempstead, 3 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 Hemel Hempstead.
What is a social grade score and how does this relate to Hemel Hempstead?
In the city of Hemel Hempstead, the social grade score of the area is 0.18. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Hemel Hempstead.
|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|
Hemel Hempstead in the county of Buckinghamshire 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 Hemel Hempstead 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 Hemel Hempstead, 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 Hemel Hempstead?
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 Hemel Hempstead, 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.
For the city of Hemel Hempstead, what is the education level?
In the city of Hemel Hempstead, 25% 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 Hemel Hempstead is £51,600.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Thinking of a different city and perhaps a different location?
If you are looking for similar places to buy a house that are just like Hemel Hempstead, examine this short list of cities below from outside of the region of East of England for some inspiration.
- berrow in East of England
- llysfaen in East of England
- barnwood in East of England
- aston-flamville in East of England
- anmer in East of England
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
What are the asking prices for the houses for sale in the city of Hemel Hempstead?
When speaking about the city of Hemel Hempstead, £297,182 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 Hemel Hempstead 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.
The average asking price for the houses for sale in the city of Hemel Hempstead
|Average asking price (1 bed)||£178,053|
|Average asking price (2 bed)||£252,167|
|Average asking price (3 bed)||£359,031|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Hemel Hempstead is the right area to buy a house in for you.
Always consider average rental yield when searching for houses for sale in Hemel Hempstead
Are there new houses being built in Hemel Hempstead to make it grow?
Before committing to Hemel Hempstead 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|
|Hemel Hempstead growth rate||7%||19%||11%|
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 Hemel Hempstead is building housing to find your answer.
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 Hemel Hempstead. 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 Hemel Hempstead.
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 (Buckinghamshire), a regional level (East of England) and finally on the level of the city talked about in this article, Hemel Hempstead.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Hemel Hempstead||£0||£1,090||no relevant data for this city||£0|
|East of England||0.03||1,148.32||£1||16.58%|
You may also find it useful to compare the data above to the number of properties sold per month Hemel Hempstead experiences. This figure for house sales per month is 20. 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.
Professional advice for houses for sale in Hemel Hempstead
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
A house for sale appropriate to your needs
When browsing houses for sale in Hemel Hempstead you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
In Hemel Hempstead, what do houses for sale tend to sell for?
For the city of Hemel Hempstead, the average price a house sells for is £267,164. This value usually depends on the exact location of the house within Hemel Hempstead as well as other factors like the population growth which is 9% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£381,839|
|Aerage sold price (semi-detached)||£289,968|
|Aerage sold price (terraced)||£264,297|
|Aerage sold price (flat)||£186,788|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Hemel Hempstead.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,410|
|Aerage sold price/sqft (new build)||£3,460|
|Aerage sold price/sqft (old stock)||£3,400|
Generalising the bottom table, the average value per square foot of a house for sale is £3,410. This value averages all of the types of houses for sale in Hemel Hempstead. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Hemel Hempstead.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Frequently Asked Questions (FAQ)
Is it possible to renovate a property in Hemel Hempstead?
Hemel Hempstead is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 9 each month, attaining a success rate of nan and a total population of 23639. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What’s the number of property sales each month in Hemel Hempstead?
Hemel Hempstead boasts a monthly total of 20 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
What’s the year-over-year population change in Hemel Hempstead or similar cities?
When evaluating the population trajectory of Hemel Hempstead, explore the decade-spanning population shift of 9% and the five-year modification of population of 4%. By drawing comparisons, see if demographic changes in your chosen area is
In the larger vicinity of Hemel Hempstead, what is the cost of houses available for sale?
In Hemel Hempstead, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Would acquiring a house for sale in Hemel Hempstead be regarded as a high-priced option?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Hemel Hempstead, this value is £267,164, compared to the UK’s average of £286,500.