As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Avery Hill. 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 Avery Hill 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 Avery Hill will be revealed. Keep reading.
In Avery Hill, what is the asking price in general for a house for sale?
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 Avery Hill 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 £494,515.
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 Avery Hill.
The average asking price for the houses for sale in the city of Avery Hill
|Average asking price (1 bed)||£265,000|
|Average asking price (2 bed)||£378,529|
|Average asking price (3 bed)||£507,971|
|Average asking price (4 bed)||£696,851|
|Average asking price (5 bed)||£818,077|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Avery Hill is £2,735. This should show you the general prices overall and for individual types of houses too.
What kind of demographics does the city of Avery Hill have?
Is there sufficient green space in Avery Hill?
Whether you view green space in Avery Hill 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 Avery Hill, the number of acres of green space for every 1000 people currently is 13 which can be measured against the UK average of 1.7.
In the city of Avery Hill, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of London for example.
These demographics for Avery Hill may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Avery Hill in Greater London.
For the city of Avery Hill, what is the education level?
In the city of Avery Hill, 23% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Avery Hill is £52,600.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What does the population of Avery Hill look like?
The city of Avery Hill has a total population of 92205. 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 Avery Hill 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 Avery Hill
Over time, in the last five years, the population of the city of Avery Hill has changed by 4%. 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 4% 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 Avery Hill?
In the last 10 years, there has been a shift in the population of 12%.
Comparing this to the 5 year figure of Avery Hill 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.
Are the deprivation levels of the UK any different to Avery Hill?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Avery Hill is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
What is the city of Avery Hill’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 Avery Hill, the percentage of people in the two highest categories, A and B is 22%. 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 £52,600.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).
How much do people in Avery Hill 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 Avery Hill, the average income is £52,600.00. 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 22% to decide on what the demographics are like in the area.
Is the crime rate bad in the city of Avery Hill?
The crime rate of Avery Hill must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 8050%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (8050%) is both useful and is recommended to be compared to the average.
A house for sale appropriate to your needs
When browsing houses for sale in Avery Hill 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.
Who can help you buy a house for sale in Avery Hill?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Why you should consider the average rental yield when searching for houses for sale in Avery Hill
Are there new houses being built in Avery Hill to make it grow?
Whenever you are thinking about looking for houses for sale in Avery Hill, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Avery Hill growth rate||3%||15%||18%|
As the population of Avery Hill grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Avery Hill, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as London, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Avery Hill you might be interested in the number of sales per month (18) that happen in the local housing market. Comparing this figure for Avery Hill with the above table gives you a good understanding of the profitability of the area.
In general, what do houses for sale sell for in Avery Hill?
For the city of Avery Hill, the average price a house sells for is £419,884. This value usually depends on the exact location of the house within Avery Hill as well as other factors like the population growth which is 12% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£684,211|
|Aerage sold price (semi-detached)||£500,737|
|Aerage sold price (terraced)||£392,153|
|Aerage sold price (flat)||£272,998|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Avery Hill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,640|
|Aerage sold price/sqft (new build)||£4,920|
|Aerage sold price/sqft (old stock)||£4,560|
Generalising the bottom table, the average value per square foot of a house for sale is £4,860. This value averages all of the types of houses for sale in Avery Hill. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Avery Hill.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Thinking of a different city and perhaps a different location?
If you are looking for a list of cities that are different to the City of Avery Hill and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:
- chineham in Greater London
- abercrombie in Greater London
- portencross in Greater London
- chapeltown in Greater London
- aberthin in Greater London
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.