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A guide on houses for sale in Holme next the Sea

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ A guide on houses for sale in Holme next the Sea

Whenever looking for a house for sale in the UK or in Holme next the Sea, it is vital you look at the market trends and house price fluctuations in the wider area of Norfolk too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Holme next the Sea.

In this article, we will be looking at the city of Holme next the Sea in detail so you know how to navigate the area and have a better understanding on where to invest.

On average, what is the figure for the asking price of a house for sale in Holme next the Sea?

The average asking price for the houses for sale in the city of Holme next the Sea

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £244,348
Average asking price (3 bed) £377,143
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 Holme next the Sea is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Holme next the Sea, the average price asked by the homeowners works out to be £328,538.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Holme next the Sea is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

What is the final sale price of a house in Holme next the Sea?

As well as looking at the asking price for house for sale in Holme next the Sea, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Holme next the Sea.

Houses for sale, are sold on average in Holme next the Sea, after the influence of these factors, at £295,190 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 3% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £396,407
Aerage sold price (semi-detached) £265,772
Aerage sold price (terraced) £251,582
Aerage sold price (flat) £188,824

This table above shows the average sale price for each variation of houses for sale in Holme next the Sea.

Housing category Sale price per square foot
Aerage sold price/sqft £2,930
Aerage sold price/sqft (new build) £2,890
Aerage sold price/sqft (old stock) £2,840

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Holme next the Sea is £2,930.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What are the people like in Holme next the Sea?

In Holme next the Sea, 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 Holme next the Sea 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, £35,000 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%.

For the city of Holme next the Sea, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 21%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,000 is the amount people in Holme next the Sea are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Holme next the Sea, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Holme next the Sea, what is the crime rate?

Within Holme next the Sea, the number of people committing crimes is 71 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 71 figure carefully.

Are the people in Holme next the Sea earning a lot?

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 Holme next the Sea. Compare the area’s average household income of £35,000 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 18% for more conclusive data on the affluence of the area.

The city of Holme next the Sea, situated in Norfolk, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Holme next the Sea and its demographics will be compared to its wider location (East of England). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Holme next the Sea. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is there sufficient green space in Holme next the Sea?

Whether you view green space in Holme next the Sea 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 Holme next the Sea, the number of acres of green space for every 1000 people currently is 70.0 which can be measured against the UK average of 1.7.

Are the deprivation levels of the UK any different to Holme next the Sea?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Holme next the Sea, currently, 28% 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.

In Holme next the Sea, how has the population changed?

The city of Holme next the Sea has a total population of 6,362. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Holme next the Sea is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Holme next the Sea

Over time, in the last five years, the population of the city of Holme next the Sea has changed by no relevant data for this city. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this no relevant data for this city population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Holme next the Sea?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Holme next the Sea can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Why you should consider the average rental yield when searching for houses for sale in Holme next the Sea

Are there new houses being built in Holme next the Sea 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 Holme next the Sea at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Holme next the Sea growth rate no relevant data for this city 15% 27%

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 Holme next the Sea 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 Holme next the Sea.

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 Holme next the Sea. 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 Holme next the Sea.

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 (Norfolk), a regional level (East of England) and finally on the level of the city talked about in this article, Holme next the Sea.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Holme next the Sea no relevant data for this city no relevant data for this city no relevant data for this city 15.0%
Norfolk 3.75% £975 117.20% 16.23%
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 Holme next the Sea experiences. This figure for house sales per month is 10. 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.

Invest in houses for sale in Holme next the Sea with the right professional advice

House for sale in the same UK region

Examine this short list of cities belonging to East of England, the same region where Holme next the Sea is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

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

Choose the right house for sale that suits your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Holme next the Sea

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

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