Hemel Hempstead might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Buckinghamshire.
Before looking for a house for sale in the city of Hemel Hempstead we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Hemel Hempstead.
In general, what do houses for sale sell for in Hemel Hempstead?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Hemel Hempstead. In Hemel Hempstead, this sale price works out to be £267,164. As an example, a factor like population growth over the last 10 years which works out to be 9% in Hemel Hempstead and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £381,839 |
| Average sold price (semi-detached) | £289,968 |
| Average sold price (terraced) | £264,297 |
| Average sold price (flat) | £186,788 |
Above, the exact type of house is also shown to vary in price in a table in Hemel Hempstead. 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 | £3,410 |
| Average sold price/sqft (new build) | £3,460 |
| Average sold price/sqft (old stock) | £3,400 |
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 Hemel Hempstead which is £3,410. 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 Hemel Hempstead, what is the asking price in general for a house for sale?
Average asking prices for houses for sale in 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 |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Hemel Hempstead is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Hemel Hempstead, the asking price for a house for sale in the area is £297,182.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Hemel Hempstead. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Are there any important statistics about the population of Hemel Hempstead?
What’s crime like in Hemel Hempstead?
The crime rate of Hemel Hempstead must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 99, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (99) is both useful and is recommended to be compared to the average.
In Hemel Hempstead, how educated are people in general?
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.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Hemel Hempstead, has the population grown or shrunk?
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 Hemel Hempstead is 23,639.
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 Hemel Hempstead.
In Hemel Hempstead, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. 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 Hemel Hempstead 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 (4%) 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.
Hemel Hempstead population difference over 10 years?
The population has adjusted in the area of Hemel Hempstead by 9% 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 Hemel Hempstead.
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.
Are the deprivation levels of the UK any different to Hemel Hempstead?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Hemel Hempstead is 22%.
What is the city of Hemel Hempstead’s 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 Hemel Hempstead in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £51,600 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 18%.
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.
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 18%.
In the city of Hemel Hempstead, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Buckinghamshire for example.
These demographics for Hemel Hempstead may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Hemel Hempstead in East of England.
How much green space is available to residents of Hemel Hempstead?
In the city of Hemel Hempstead, there are 2.7 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 Hemel Hempstead is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Hemel Hempstead, what are the rental yields?
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Hemel Hempstead to Buckinghamshire and the broader suburb of the UK; East of England.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Hemel Hempstead | 4.4% | £1,090 | no relevant data for this city | 26.0% |
| Buckinghamshire | 3.56% | £1,345 | 122.24% | 16.67% |
| East of England | 3.49% | £1,148 | 126.76% | 16.58% |
Let’s assume you want to sell the house you’re looking to buy in Hemel Hempstead for profit in the future, in this case, looking at the data for the number of houses sold per month in Hemel Hempstead would give you an idea of whether the area is actively getting new investors. This figure is 25.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Hemel Hempstead. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Are there new houses being built in Hemel Hempstead to make it grow?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Hemel Hempstead at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Hemel Hempstead growth rate | 7% | 19% | 11% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Hemel Hempstead gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Hemel Hempstead.
Get professional help on the houses for sale in Hemel Hempstead
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 Hemel Hempstead.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Hemel Hempstead.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:
- Ampton in East of England
- Gunthorpe in East of England
- High-Wych in East of England
- Addlethorpe in East of England
- Ashwell in East of England
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
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