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How much will you pay for a house for sale in High Wych?

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 High Wych?

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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 High Wych, Hertfordshire.

From the average asking price of houses for sale in High Wych, to the growth of the population in the area, all will be talked about regarding the city of High Wych. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Get professional help on the houses for sale in High Wych

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’s the rental yield in general for the city of High Wych?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In High Wych, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

Is the housing market in High Wych growing?

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 High Wych at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
High Wych growth rate 21% 28% 33%

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 High Wych 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 High Wych.

houses for sale in other cities and regions in the UK

We have prepared a list of cities that are entirely dissimilar to the region of East of England, perfect if you are looking for somewhere similar to High Wych but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Invest in a house for sale that meets your demands

When browsing houses for sale in High Wych 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 High Wych, what are the demographics like?

Is the crime rate bad in the city of High Wych?

Within High Wych, the number of people committing crimes is 6100% 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 6100% figure carefully.

How much do people in High Wych earn?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in High Wych. Compare the area’s average household income of £49,300.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 29% for more conclusive data on the affluence of the area.

High Wych 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 High Wych 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 High Wych, 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 High Wych, 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 High Wych if 10865 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 High Wych such as rental yield or house appreciation.

How has the population size of High Wych adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of High Wych by 5%. 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 5% 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 High Wych?

In the last decade, the population of High Wych has been adjusted by 10%. 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 the city of High Wych, is there a lot of green space?

Whether you view green space in High Wych as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In High Wych, the number of acres of green space for every 1000 people currently is 20 which can be measured against the UK average of 1.7.

Are the people of High Wych 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 High Wych, 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.

What is the social grade score of High Wych?

In the city of High Wych, the social grade score of the area is 29%. 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 High Wych.

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

In High Wych, how educated are people in general?

In High Wych, the proportion of people who have a degree is 30%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of High Wych is £49,300.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

What is the final sale price of a house in High Wych?

In High Wych, houses for sale are sold at an average of £393,929. 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 High Wych. 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) £619,887
Aerage sold price (semi-detached) £433,235
Aerage sold price (terraced) £348,207
Aerage sold price (flat) £220,573

As you can see above, for High Wych, 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 10% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £4,150
Aerage sold price/sqft (new build) £3,170
Aerage sold price/sqft (old stock) £4,090

Looking at the second table about High Wych, 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 High Wych is £4,150.

In High Wych, what is the asking price in general for a house for sale?

When speaking about the city of High Wych, £515,911 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 High Wych 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.

Average price of houses for sale in High Wych

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £312,304
Average asking price (3 bed) £542,454
Average asking price (4 bed) £732,214
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in High Wych, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.

F.A.Q.

Are there opportunities for property renovation in High Wych?

Amidst the urban landscape of High Wych, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 5 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (10865).

What is the monthly count of property transactions in High Wych?

8 property transactions are reported in High Wych 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 High Wych?

When evaluating the population trajectory of High Wych, explore the decade-spanning population shift of 10% and the five-year modification of population of 5%. By drawing comparisons, see if demographic changes in your chosen area is

In the larger vicinity of High Wych, what is the cost of houses available for sale?

The current average price per square foot for a house in High Wych stands at £0, considering the mean cost for each square foot of houses for sale there.

Is purchasing a house in High Wych considered a costly decision?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In High Wych this number is £393,929 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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