Enfield Highway can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Enfield Highway.
On top of this, keep reading for detailed information on the demographics of Enfield Highway in London. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Enfield Highway, what are the rental yields?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Enfield Highway this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside London then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Enfield Highway.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Enfield Highway | 4.6% | £1,575 | 140% | 17.0% |
| London | 3.96% | £2,001 | 129.93% | 12.05% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Enfield Highway.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (18) will be useful.
Are there new houses being built in Enfield Highway to make it grow?
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 Enfield Highway that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Enfield Highway growth rate | 8% | 16% | 24% |
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 Enfield Highway is important.
What are the asking prices for the houses for sale in the city of Enfield Highway?
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 Enfield Highway 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 £408,126.
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 Enfield Highway.
In the city of Enfield Highway, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £230,293 |
| Average asking price (2 bed) | £307,329 |
| Average asking price (3 bed) | £460,332 |
| Average asking price (4 bed) | £550,453 |
| Average asking price (5 bed) | no relevant data for this city |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£4,860) for houses for sale with this table to get a good idea as to whether Enfield Highway is the right area to buy a house in for you.
In general, what do houses for sale sell for in Enfield Highway?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Enfield Highway. In Enfield Highway, this sale price works out to be £362,257. As an example, a factor like population growth over the last 10 years which works out to be 8% in Enfield Highway and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £466,143 |
| Average sold price (semi-detached) | £409,073 |
| Average sold price (terraced) | £383,234 |
| Average sold price (flat) | £241,934 |
Above, the exact type of house is also shown to vary in price in a table in Enfield Highway. 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 | £4,330 |
| Average sold price/sqft (new build) | £4,610 |
| Average sold price/sqft (old stock) | £4,240 |
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 Enfield Highway which is £4,590. 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.
Are there any important statistics about the population of Enfield Highway?
How much green space is available to residents of Enfield Highway?
Whether you view green space in Enfield Highway 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 Enfield Highway, the number of acres of green space for every 1000 people currently is 4.6 which can be measured against the UK average of 1.7.
Located in London is the city of Enfield Highway, in a large part of the UK; Greater London. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Enfield Highway has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Enfield Highway which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What is the education level like in Enfield Highway?
In Enfield Highway, the proportion of people who have a degree is 21%. 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 Enfield Highway is £42,300.
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.
What’s the crime rate in Enfield Highway?
The crime rate of Enfield Highway 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 140, 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 (140) is both useful and is recommended to be compared to the average.
Is the city of Enfield Highway deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Enfield Highway, currently, 34% 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.
What salary does the community in Enfield Highway take home?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £42,300.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Enfield Highway this figure is 13%.
What’s a social grade score and how does it relate to Enfield Highway?
In the city of Enfield Highway and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Enfield Highway has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 Enfield Highway, has the population grown or shrunk?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Enfield Highway is 55,691.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Enfield Highway.
In Enfield Highway, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Enfield Highway is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Enfield Highway population difference over 10 years?
The population has adjusted in the area of Enfield Highway by 8% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Enfield Highway.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Invest in houses for sale in Enfield Highway with the right professional advice
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Enfield Highway
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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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
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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?
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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.
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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.
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to Greater London, the same region where Enfield Highway is located.
- Egham in Greater London
- Beckenham in Greater London
- Feltham in Greater London
- Chertsey in Greater London
- Barnes in Greater London
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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
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