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How much will you pay for a house for sale in Finsbury Park?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much will you pay for a house for sale in Finsbury Park?

Finsbury 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 Finsbury 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 Finsbury Park.

What are the asking prices for the houses for sale in the city of Finsbury Park?

The average asking price for the houses for sale in the city of Finsbury Park

Average asking price (1 bed) £431,179
Average asking price (2 bed) £580,040
Average asking price (3 bed) £801,022
Average asking price (4 bed) £1,062,647
Average asking price (5 bed) £1,439,286

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 (£8,140) for houses for sale with this table to get a good idea as to whether Finsbury Park is the right area to buy a house in for you.

When investors make offers for houses for sale in Finsbury Park, the average price asked by the homeowners works out to be £623,858.

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 Finsbury 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 Finsbury Park, what are the rental yields?

Is the housing market in Finsbury Park growing?

The growth of an area like Finsbury Park 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
Finsbury Park growth rate 1% 1% 5%

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 Finsbury Park if you want to find out the exact reasons for the housing change.

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 Finsbury Park to London and the broader suburb of the UK; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Finsbury Park 3.8% £1,984 140% 11.0%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

Let’s assume you want to sell the house you’re looking to buy in Finsbury Park for profit in the future, in this case, looking at the data for the number of houses sold per month in Finsbury Park would give you an idea of whether the area is actively getting new investors. This figure is 27.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Finsbury 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.

In general, what do houses for sale sell for in Finsbury Park?

For the city of Finsbury Park, the average price a house sells for is £575,007. This value usually depends on the exact location of the house within Finsbury Park as well as other factors like the population growth in Finsbury Park which is 15% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) no relevant data for this city
Aerage sold price (semi-detached) £1,362,923
Aerage sold price (terraced) £930,757
Aerage sold price (flat) £522,131

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 Finsbury Park.

Housing category Sale price per square foot
Aerage sold price/sqft £7,750
Aerage sold price/sqft (new build) £8,490
Aerage sold price/sqft (old stock) £7,380

Generalising the bottom table, the average value per square foot of a house for sale is £7,950. This value averages all of the types of houses for sale in Finsbury Park. 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 Finsbury Park.

Are there any important statistics about the population of Finsbury Park?

Do the people of Finsbury Park get to enjoy 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 Finsbury Park currently has 4.3 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 Finsbury Park in this case.

What is the city of Finsbury Park’s social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Finsbury Park in grades A or B which are the highest skilled roles in the country is 32%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £54,100 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 32%.

Finsbury Park in the county of London is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Finsbury Park is located in; Greater London.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Finsbury Park, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

Are the deprivation levels of the UK any different to Finsbury Park?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Finsbury Park, currently, 31% 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 Finsbury 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 Finsbury Park. Compare the area’s average household income of £54,100 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 32% for more conclusive data on the affluence of the area.

What’s crime like in Finsbury Park?

For the city of Finsbury Park, crime rate is at 196. So for every 1000 people in the area, 196 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 is the education level like in Finsbury Park?

In the city of Finsbury Park, 47% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Finsbury Park is £54,100.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Have the people of Finsbury Park grown in numbers?

In total, the number of people in Finsbury Park is 46,416. 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 Finsbury Park, depending on where exactly you are.

How has Finsbury Park 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 Finsbury Park 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 Finsbury Park?

15% 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 Finsbury Park 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.

Professional advice for houses for sale in Finsbury Park

House for sale in the same UK region

You can assess the various houses for sale offered in the area by consulting this list of cities in Greater London, the same UK region as Finsbury Park:

You may also refer to our landing page specific to UK houses for sale, 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

A house for sale that is right for you

When browsing houses for sale in Finsbury Park 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 – 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

  • 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.

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