How much will you pay for a house for sale in Stevenage?

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 Stevenage, Hertfordshire.

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

How are rental yields of the houses for sale different to the rest of the UK in Stevenage?

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Stevenage.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Hertfordshire) as well as the broader region; East of England.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Stevenage	4.0%	£1,130	140%	30.0%
Hertfordshire	3.33%	£1,382	133.74%	16.45%
East of England	3.49%	£1,148	126.76%	16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Stevenage which is 39 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Stevenage is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Stevenage growing?

The growth of an area like Stevenage can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

	1 year	3 years	5 years
Stevenage growth rate	4%	20%	22%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Stevenage if you want to find out the exact reasons for the housing change.

In general, what do houses for sale sell for in Stevenage?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Stevenage. In Stevenage, this sale price works out to be £292,677. As an example, a factor like population growth over the last 10 years which works out to be 6% in Stevenage and impacts house prices of the houses for sale.

Housing category	Total final sale price
Average sold price (detached)	£490,559
Average sold price (semi-detached)	£356,599
Average sold price (terraced)	£284,183
Average sold price (flat)	£188,728

Above, the exact type of house is also shown to vary in price in a table in Stevenage. 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	£3,340
Average sold price/sqft (new build)	£3,660
Average sold price/sqft (old stock)	£3,310

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 Stevenage which is £3,340. 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 Stevenage, what are the demographics like?

How much do people in Stevenage earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Stevenage, the average income is £46,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 20% to decide on what the demographics are like in the area.

What is the city of Stevenage’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Stevenage, the percentage of people in the two highest categories, A and B is 20%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £46,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (20%).

Stevenage 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 Stevenage 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 Stevenage, 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.

Is the crime rate bad in the city of Stevenage?

For the city of Stevenage, crime rate is at 144. So for every 1000 people in the area, 144 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In Stevenage, how educated are people in general?

In the city of Stevenage, 24% 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 Stevenage is £46,800.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Is there sufficient green space in Stevenage?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Stevenage currently has 15.3 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Stevenage in this case.

How deprived is the population of Stevenage?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Stevenage, currently, 22% 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 Stevenage, how has the population changed?

In total, the number of people in Stevenage is 51,296. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Stevenage, depending on where exactly you are.

How has Stevenage changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Stevenage has changed by 2%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 2% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Stevenage?

6% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Stevenage have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

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

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Stevenage determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £338,054.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Stevenage.

Average price of houses for sale in Stevenage

Average asking price (1 bed)	£174,998
Average asking price (2 bed)	£279,018
Average asking price (3 bed)	£380,312
Average asking price (4 bed)	£564,833
Average asking price (5 bed)	no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Stevenage has a lack of supply of housing in certain categories.

Advice from experts on properties for sale in Stevenage

House for sale in the same UK region

Below are a list of towns with a similar location to Stevenage.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:

• Caddington in East of England
• Althorne in East of England
• Great-Parndon in East of England
• Downley in East of England
• Braintree 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

A house for sale that is right for you

Many criteria impact the price of houses for sale in Stevenage.
Here below are the most important ones according to Lofti’s expertise:

• Affordability – (see what house for sale can you afford?)

  A guide from the UK government

• House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

• Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

• Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

• Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

• Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

• Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

• Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.