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What is it like buying a house in Abbots Langley?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ What is it like buying a house in Abbots Langley?

As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Abbots Langley. 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 Abbots Langley 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 Abbots Langley will be revealed. Keep reading.

What are the asking prices for the houses for sale in the city of Abbots Langley?

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 Abbots Langley 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 £533,346.

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 Abbots Langley.

Average asking prices for houses for sale in Abbots Langley

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £366,559
Average asking price (3 bed) £552,933
Average asking price (4 bed) £831,250
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 Abbots Langley has a lack of supply of housing in certain categories.

What is the final sale price of a house in Abbots Langley?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Abbots Langley. In Abbots Langley, this sale price works out to be £435,236. As an example, a factor like population growth over the last 10 years which works out to be 7% in Abbots Langley and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £704,473
Average sold price (semi-detached) £500,687
Average sold price (terraced) £386,441
Average sold price (flat) £255,875

Above, the exact type of house is also shown to vary in price in a table in Abbots Langley. 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 £5,000
Average sold price/sqft (new build) £4,550
Average sold price/sqft (old stock) £4,980

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 Abbots Langley which is £5,000. 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.

What’s the rental yield in general for the city of Abbots Langley?

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 Abbots Langley. 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 Abbots Langley.

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 (Hertfordshire), a regional level (Greater London) and finally on the level of the city talked about in this article, Abbots Langley.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbots Langley no relevant data for this city no relevant data for this city no relevant data for this city 19.0%
Hertfordshire 3.33% £1,382 133.74% 16.45%
Greater London 3.88% £1,899 129.14% 13.30%

You may also find it useful to compare the data above to the number of properties sold per month Abbots Langley experiences. This figure for house sales per month is 8. 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.

Are there more or fewer houses being built in Abbots Langley?

The growth of an area like Abbots Langley 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
Abbots Langley growth rate 11% 25% 18%

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 Abbots Langley if you want to find out the exact reasons for the housing change.

What kind of demographics does the city of Abbots Langley have?

For the city of Abbots Langley, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £50,300 is the amount people in Abbots Langley 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 Abbots Langley, 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 Abbots Langley, what is the 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 Abbots Langley, the percentage of people in the two highest categories, A and B is 29%. 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 £50,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (29%).

Have the people of Abbots Langley grown in numbers?

In total, the number of people in Abbots Langley is 11,491. 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 Abbots Langley, depending on where exactly you are.

How has Abbots Langley 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 Abbots Langley 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 Abbots Langley?

7% 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 Abbots Langley 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.

In Abbots Langley, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Abbots Langley, 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.

The city of Abbots Langley, situated in Hertfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Abbots Langley and its demographics will be compared to its wider location (Greater London). 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 Abbots Langley. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What’s the crime rate in Abbots Langley?

In Abbots Langley, for every 1000 people, there is currently a crime rate of 65. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (65 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

How much do people in Abbots Langley 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 Abbots Langley, the average income is £50,300. 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 29% to decide on what the demographics are like in the area.

In the city of Abbots Langley, how much green space remains for residents?

Whether you view green space in Abbots Langley 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 Abbots Langley, the number of acres of green space for every 1000 people currently is 29.6 which can be measured against the UK average of 1.7.

Get professional help on the houses for sale in Abbots Langley

houses for sale in other cities in the UK

Below are a list of towns with a similar location to Abbots Langley.
Reading these analysis will help you evaluate the different houses for sale currently listed in Greater London:

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.

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Abbots Langley.
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.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

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