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At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Hornsey to help you find the perfect agent for you
As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Hornsey. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Hornsey to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Hornsey will be revealed. Keep reading.
Are you considering other cities with houses for sale?
You can consult our list below that goes over a list of cities not necessarily in Greater London, allowing you to find similar places to Hornsey:
- aberfeldy in Greater London
- green-tye in Greater London
- glenrothes in Greater London
- addlestone in Greater London
- belton in Greater London
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
Professional advice for houses for sale in Hornsey
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
Why you should consider the average rental yield when searching for houses for sale in Hornsey
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 Hornsey 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 Hornsey.
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) | |
|---|---|---|---|---|
| Hornsey | £0 | £2,128 | £1 | £0 |
| London | 3.96% | £2,001.05 | 129.93% | 12.05% |
| Greater London | 0.04 | 1,898.58 | £1 | 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 Hornsey.
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 (14) will be useful.
Are there more or fewer houses being built in Hornsey?
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 Hornsey that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Hornsey growth rate | no relevant data for this city | 15% | 10% |
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 Hornsey is important.
In Hornsey, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Hornsey, the average price asked by the homeowners works out to be £554,317.
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 Hornsey 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.
Average prices for the houses for sale in Hornsey
| Average asking price (1 bed) | £393,647 |
| Average asking price (2 bed) | £531,952 |
| Average asking price (3 bed) | £738,483 |
| Average asking price (4 bed) | £1,186,425 |
| Average asking price (5 bed) | no relevant data for this city |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Hornsey 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 £7,330 should also give you an overview of what the asking price for houses for sale are in general.
In Hornsey, what do houses for sale tend to sell for?
For the city of Hornsey, the average price a house sells for is £579,132. This value usually depends on the exact location of the house within Hornsey as well as other factors like the population growth which is 24% 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) | £1,372,285 |
| Aerage sold price (terraced) | £1,087,305 |
| Aerage sold price (flat) | £478,535 |
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 Hornsey.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £7,390 |
| Aerage sold price/sqft (new build) | £10,010 |
| Aerage sold price/sqft (old stock) | £7,430 |
Generalising the bottom table, the average value per square foot of a house for sale is £7,360. This value averages all of the types of houses for sale in Hornsey. 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 Hornsey.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Choose the right house for sale that suits your needs
When browsing houses for sale in Hornsey 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
- 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.
Are there any important statistics about the population of Hornsey?
In Hornsey, what is the 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 Hornsey in grades A or B which are the highest skilled roles in the country is 30%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £50,400.00 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 30%.
The city of Hornsey, 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 Hornsey 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 Hornsey. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is the crime rate bad in the city of Hornsey?
For every one thousand people living in Hornsey, 15100% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 15100% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Are the deprivation levels of the UK any different to Hornsey?
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 £0 for Hornsey should give you a nice idea of the deprivation in the area.
In Hornsey, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Hornsey if 33784 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 Hornsey such as rental yield or house appreciation.
How has the population size of Hornsey adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Hornsey by 9%. 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 9% 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 Hornsey?
In the last decade, the population of Hornsey has been adjusted by 24%. 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.
How much are those living in Hornsey earning?
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 (30%). 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 Hornsey, this works out to be £50,400.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Hornsey important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Hornsey is 46%. 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 Hornsey is £50,400.00.
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.
In the city of Hornsey, is there a lot of green space?
In the city of Hornsey, there are 2 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 Hornsey is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
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