As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Kensal Town. 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 Kensal Town 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 Kensal Town will be revealed. Keep reading.
What are the people like in Kensal Town?
How much do people in Kensal Town earn?
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 (23%). 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 Kensal Town, this works out to be £44,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What’s a social grade score and how does it relate to Kensal Town?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Kensal Town, the percentage of people in the two highest categories, A and B is 23%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £44,000. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).
Kensal Town within London is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Kensal Town will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Kensal Town.
Is the crime rate bad in the city of Kensal Town?
The crime rate of Kensal Town 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 164, 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 (164) is both useful and is recommended to be compared to the average.
How deprived is the population of Kensal Town?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Kensal Town is 35%.
In the city of Kensal Town, how much green space remains for residents?
Whether you view green space in Kensal Town 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 Kensal Town, the number of acres of green space for every 1000 people currently is 8.4 which can be measured against the UK average of 1.7.
What does the population of Kensal Town look like?
In total, the number of people in Kensal Town is 33,638. 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 Kensal Town, depending on where exactly you are.
How has Kensal Town 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 Kensal Town has changed by 3%. 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 3% 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 Kensal Town?
5% 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 Kensal Town 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.
For the city of Kensal Town, what is the education level?
In the city of Kensal Town, 36% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Kensal Town is £44,000. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
On average, what is the figure for the asking price of a house for sale in Kensal Town?
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 Kensal Town 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 £737,553.
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 Kensal Town.
The average asking price for the houses for sale in the city of Kensal Town
| Average asking price (1 bed) | £511,280 |
| Average asking price (2 bed) | £702,999 |
| Average asking price (3 bed) | £1,190,870 |
| Average asking price (4 bed) | £1,997,000 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £10,530. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Kensal Town has a lack of supply of housing in certain categories.
In general, for the city of Kensal Town, what are the final purchase prices for the houses for sale?
In Kensal Town, the average sale price of a house for sale is in fact £741,743. This is dependent on the 10 year population growth of Kensal Town being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Kensal Town.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | no relevant data for this city |
| Aerage sold price (semi-detached) | no relevant data for this city |
| Aerage sold price (terraced) | £948,034 |
| Aerage sold price (flat) | £592,261 |
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 Kensal Town.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £9,260 |
| Aerage sold price/sqft (new build) | £9,850 |
| Aerage sold price/sqft (old stock) | £9,290 |
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 £9,890. This means if you are just looking out the houses sold in Kensal Town in general and didn’t take into consideration the type of build. For example, a new build.
What’s the rental yield in general for the city of Kensal Town?
Is the housing market in Kensal Town growing?
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 Kensal Town that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Kensal Town growth rate | 7% | 19% | 11% |
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 Kensal Town is important.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Kensal Town.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (London) as well as the broader region; Greater London.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Kensal Town | 3.8% | £2,307 | 95% | 4.0% |
| London | 3.96% | £2,001 | 129.93% | 12.05% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
Also, you can compare other data to the table above such as the number of houses sold per month in Kensal Town which is 9 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Kensal Town is to invest in. Both in terms of rental yield and capital appreciation.
Invest in houses for sale in Kensal Town with the right professional advice
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
A house for sale that is right for you
What parameters impact the final price of a house for sale in Kensal Town?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Are you considering other cities with houses for sale?
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 Kensal Town:
- Dartford in Greater London
- Bulphan in Greater London
- Barnes in Greater London
- Sutton in Greater London
- Blackheath in Greater London
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
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