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High Beach 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 Essex.
Before looking for a house for sale in the city of High Beach 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 High Beach.
Why you should consider the average rental yield when searching for houses for sale in High Beach
Are there more or fewer houses being built in High Beach?
The growth of an area like High Beach 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 | |
|---|---|---|---|
| High Beach growth rate | -4% | 10% | 13% |
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 High Beach if you want to find out the exact reasons for the housing change.
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 High Beach, 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 Essex, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| High Beach | £0 | £1,645 | £1 | £0 |
| Essex | 3.51% | £1,237.11 | 125.97% | 17.61% |
| Greater London | 0.04 | 1,898.58 | £1 | 13.30% |
Assuming that in the future you want to re-sell the house you will eventually purchased in High Beach you might be interested in the number of sales per month (19) that happen in the local housing market. Comparing this figure for High Beach with the above table gives you a good understanding of the profitability of the area.
Get professional help on the houses for sale in High Beach
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
What are the people like in High Beach?
How much green space is available to residents of High Beach?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In High Beach, 15 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in High Beach.
Located in Essex is the city of High Beach, 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 High Beach 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 High Beach 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.
For the city of High Beach, what is the education level?
Interestingly, the percentage of people who have a degree in the city of High Beach is 26%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of High Beach is £48,500.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What salary does the community in High Beach 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 £48,500.00.
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 High Beach this figure is 25%.
In general, do people commit a lot of crime in High Beach?
For the city of High Beach, crime rate is at 11900%. So for every 1000 people in the area, 11900% 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.
Is the city of High Beach deprived?
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 High Beach 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’s a social grade score and how does it relate to High Beach?
In the city of High Beach 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 High Beach has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 25%.
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 |
What does the population of High Beach look like?
The city of High Beach has a total population of 31515. 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 High Beach 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 High Beach
Over time, in the last five years, the population of the city of High Beach has changed by 2%. 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 2% 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 High Beach?
In the last 10 years, there has been a shift in the population of 6%.
Comparing this to the 5 year figure of High Beach 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.
What are the asking prices for the houses for sale in the city of High Beach?
Average price of houses for sale in High Beach
| Average asking price (1 bed) | £267,666 |
| Average asking price (2 bed) | £430,717 |
| Average asking price (3 bed) | £537,123 |
| Average asking price (4 bed) | £982,027 |
| Average asking price (5 bed) | £1,469,231 |
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 (£5,840) for houses for sale with this table to get a good idea as to whether High Beach is the right area to buy a house in for you.
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 High Beach 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 £557,436.
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 High Beach.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like High Beach, examine this short list of cities below from outside of the region of Greater London for some inspiration.
- peterborough in Greater London
- bodelwyddan in Greater London
- coombes in Greater London
- wraysbury in Greater London
- aston-le-walls in Greater London
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
A house for sale appropriate to your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in High Beach.
- Affordability – check this article from the UK government to find out (see what house for sale you can afford)
- Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
- Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
- Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
- EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
- Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
- Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
- Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
In general, what do houses for sale sell for in High Beach?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in High Beach. In High Beach, this sale price works out to be £486,605. As an example, a factor like population growth over the last 10 years which works out to be 6% in High Beach and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £971,292 |
| Average sold price (semi-detached) | £539,608 |
| Average sold price (terraced) | £441,404 |
| Average sold price (flat) | £324,684 |
Above, the exact type of house is also shown to vary in price in a table in High Beach. 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 | £5,230 |
| Average sold price/sqft (new build) | £6,070 |
| Average sold price/sqft (old stock) | £5,140 |
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 High Beach which is £5,540. 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.
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