What is it like buying a house in Wycombe Marsh?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ What is it like buying a house in Wycombe Marsh?

As a landlord, whenever you are looking at houses for sale in Buckinghamshire, you could find varying prices throughout an area like Wycombe Marsh. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Wycombe Marsh to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Wycombe Marsh will be revealed. Keep reading.

What kind of demographics does the city of Wycombe Marsh have?

In the city of Wycombe Marsh, is there a lot of green space?

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 Wycombe Marsh currently has 10.9 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 Wycombe Marsh in this case.

In Wycombe Marsh, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Wycombe Marsh compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Wycombe Marsh, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 30%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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 the city of Wycombe Marsh, has the population grown or shrunk?

In total, the number of people in Wycombe Marsh is 14,064. 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 Wycombe Marsh, depending on where exactly you are.

How has Wycombe Marsh 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 Wycombe Marsh has changed by 4%. 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 4% 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 Wycombe Marsh?

9% 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 Wycombe Marsh 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.

How deprived is the population of Wycombe Marsh?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Wycombe Marsh, currently, 19% 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.

How much do people in Wycombe Marsh earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (30%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Wycombe Marsh, this works out to be £52,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In general, do people commit a lot of crime in Wycombe Marsh?

For the city of Wycombe Marsh, crime rate is at 188. So for every 1000 people in the area, 188 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.

The city of Wycombe Marsh, situated in Buckinghamshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Wycombe Marsh 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 Wycombe Marsh. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How educated are the people in Wycombe Marsh?

Interestingly, the percentage of people who have a degree in the city of Wycombe Marsh is 33%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Wycombe Marsh is £52,700.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

What is the asking price on average of houses for sale in Wycombe Marsh?

When investors make offers for houses for sale in Wycombe Marsh, the average price asked by the homeowners works out to be £308,693.

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 Wycombe Marsh 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.

Average price of houses for sale in Wycombe Marsh

Average asking price (1 bed) £201,325
Average asking price (2 bed) £276,186
Average asking price (3 bed) £508,246
Average asking price (4 bed) £615,413
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 Wycombe Marsh is £0. This should show you the general prices overall and for individual types of houses too.

What’s the rental yield in general for the city of Wycombe Marsh?

In Wycombe Marsh, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Wycombe Marsh that shows the growth in recent years.

1 year 3 years 5 years
Wycombe Marsh growth rate -14% 4% -9%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Wycombe Marsh is important.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Wycombe Marsh, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Buckinghamshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Wycombe Marsh 4.1% £1,059 122% 16.0%
Buckinghamshire 3.56% £1,345 122.24% 16.67%
East of England 3.49% £1,148 126.76% 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Wycombe Marsh you might be interested in the number of sales per month (13) that happen in the local housing market. Comparing this figure for Wycombe Marsh with the above table gives you a good understanding of the profitability of the area.

In Wycombe Marsh, what do houses for sale tend to sell for?

In Wycombe Marsh, the average sale price of a house for sale is in fact £339,062. This is dependent on the 10 year population growth of Wycombe Marsh being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Wycombe Marsh.

Housing category Total final sale price
Aerage sold price (detached) £615,023
Aerage sold price (semi-detached) £415,042
Aerage sold price (terraced) £364,621
Aerage sold price (flat) £232,362

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Wycombe Marsh.

Housing category Sale price per square foot
Aerage sold price/sqft £4,020
Aerage sold price/sqft (new build) £3,980
Aerage sold price/sqft (old stock) £4,010

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £4,020. This means if you are just looking out the houses sold in Wycombe Marsh in general and didn’t take into consideration the type of build. For example, a new build.

Get professional help on the houses for sale in Wycombe Marsh

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

houses for sale in other cities in the UK

We have prepared a list of cities in East of England, the same UK region of Wycombe Marsh that can help you evaluate the different houses for sale listed in the region:

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

A house for sale that is right for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Wycombe Marsh

  • 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.