Dartmouth Park might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of London.
Before looking for a house for sale in the city of Dartmouth Park we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Dartmouth Park.
Always consider average rental yield when searching for houses for sale in Dartmouth Park
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Dartmouth Park to London and the broader suburb of the UK; Greater London.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Dartmouth Park for profit in the future, in this case, looking at the data for the number of houses sold per month in Dartmouth Park would give you an idea of whether the area is actively getting new investors. This figure is 30.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Dartmouth Park. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Is the housing market in Dartmouth Park growing?
Whenever you are thinking about looking for houses for sale in Dartmouth Park, 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|
|Dartmouth Park growth rate||-1%||6%||8%|
As the population of Dartmouth Park 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.
In Dartmouth Park, what are the demographics like?
What is a social grade score and how does this relate to Dartmouth Park?
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 Dartmouth Park, the percentage of people in the two highest categories, A and B is 44%. 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 £57,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (44%).
Are the people of Dartmouth Park deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 27% for Dartmouth Park should give you a nice idea of the deprivation in the area.
How much do people in Dartmouth Park earn?
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 Dartmouth Park. Compare the area’s average household income of £57,900 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 44% for more conclusive data on the affluence of the area.
The city of Dartmouth Park, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Dartmouth Park 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 Dartmouth Park. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Dartmouth Park, how much green space remains for residents?
In the city of Dartmouth Park, there are 27.5 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Dartmouth Park is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the education level like in Dartmouth Park?
In Dartmouth Park, the proportion of people who have a degree is 52%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Dartmouth Park is £57,900.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In Dartmouth Park, how has the population changed?
Population growth in Dartmouth Park is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Dartmouth Park, 50,355 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Dartmouth Park in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Dartmouth Park, this change has been 9%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 9%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Dartmouth Park?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 21% in Dartmouth Park.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In general, do people commit a lot of crime in Dartmouth Park?
For the city of Dartmouth Park, crime rate is at 105. So for every 1000 people in the area, 105 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.
What are the asking prices for the houses for sale in the city of Dartmouth Park?
The average asking price for the houses for sale in the city of Dartmouth Park
|Average asking price (1 bed)||£432,056|
|Average asking price (2 bed)||£670,746|
|Average asking price (3 bed)||£1,023,565|
|Average asking price (4 bed)||£1,727,909|
|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 £8,900. 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 Dartmouth Park has a lack of supply of housing in certain categories.
When investors make offers for houses for sale in Dartmouth Park, the average price asked by the homeowners works out to be £768,892.
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 Dartmouth Park 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.
In general, for the city of Dartmouth Park, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Dartmouth Park, 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 Dartmouth Park.
Houses for sale, are sold on average in Dartmouth Park, after the influence of these factors, at £808,043 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 21% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£3,112,315|
|Aerage sold price (semi-detached)||£1,967,232|
|Aerage sold price (terraced)||£1,411,669|
|Aerage sold price (flat)||£593,810|
This table above shows the average sale price for each variation of houses for sale in Dartmouth Park.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£8,725|
|Aerage sold price/sqft (new build)||£8,950|
|Aerage sold price/sqft (old stock)||£8,765|
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 Dartmouth Park is £8,815.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.