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What is it like buying a house in Green Street Green?

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 Green Street Green?

Green Street Green 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 Kent.
Before looking for a house for sale in the city of Green Street Green 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 Green Street Green.

Always consider average rental yield when searching for houses for sale in Green Street Green

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 Green Street Green. 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 Green Street Green.

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 (Kent), a regional level (Greater London) and finally on the level of the city talked about in this article, Green Street Green.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Green Street Green 3.1% £1,603 140% 13.0%
Kent 3.63% £1,229 130.16% 16.77%
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 Green Street Green experiences. This figure for house sales per month is 32. 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.

What is the growth in the housing market of Green Street Green?

Whenever you are thinking about looking for houses for sale in Green Street Green, 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
Green Street Green growth rate 6% 17% 23%

As the population of Green Street Green 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 Green Street Green, what do houses for sale tend to sell for?

In Green Street Green, the average sale price of a house for sale is in fact £511,787. This is dependent on the 10 year population growth of Green Street Green being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Green Street Green.

Housing category Total final sale price
Aerage sold price (detached) £699,532
Aerage sold price (semi-detached) £520,133
Aerage sold price (terraced) £408,239
Aerage sold price (flat) £294,465

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Green Street Green.

Housing category Sale price per square foot
Aerage sold price/sqft £4,930
Aerage sold price/sqft (new build) £5,250
Aerage sold price/sqft (old stock) £4,860

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £5,140. This means if you are just looking out the houses sold in Green Street Green in general and didn’t take into consideration the type of build. For example, a new build.

What are the demographics like in the city of Green Street Green?

Are the people in Green Street Green earning a lot?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (33%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Green Street Green, this works out to be £59,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

How educated are the people in Green Street Green?

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. £59,100 is the amount people in Green Street Green 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 Green Street Green, 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.

What’s the crime rate in Green Street Green?

Within Green Street Green, the number of people committing crimes is 68 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 68 figure carefully.

In the city of Green Street Green, how much green space remains for residents?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Green Street Green, the city has 35.5 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Green Street Green.

What does the population of Green Street Green look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Green Street Green if 46,055 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Green Street Green such as rental yield or house appreciation.

How has the population size of Green Street Green adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Green Street Green by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Green Street Green?

In the last decade, the population of Green Street Green has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What is the city of Green Street Green’s social grade score?

In the city of Green Street Green 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 Green Street Green has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 33%.

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

Is the city of Green Street Green deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Green Street Green, currently, 18% 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 Green Street Green, situated in Kent, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Green Street Green 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 Green Street Green. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In Green Street Green, what is the asking price in general for a house for sale?

Average price of houses for sale in Green Street Green

Average asking price (1 bed) £291,333
Average asking price (2 bed) £450,807
Average asking price (3 bed) £585,986
Average asking price (4 bed) £781,753
Average asking price (5 bed) £1,060,435

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Green Street Green and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £5,350 should also give you an overview of what the asking price for houses for sale are in general.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Green Street Green is £623,567.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Green Street Green is useful when negotiating and knowing what to expect for every type of house for sale.

Invest in houses for sale in Green Street Green 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 Green Street Green

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • 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?

  • 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.

  • 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.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

houses for sale in other cities in the UK

We have prepared a list of cities in Greater London, the same UK region of Green Street Green that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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