Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Lisson Grove, London.
From the average asking price of houses for sale in Lisson Grove to the growth of the population in the area, all will be talked about regarding the city of Lisson Grove. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Lisson Grove, what is the asking price in general for a house for sale?
When speaking about the city of Lisson Grove, £1,209,520 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Lisson Grove.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Average price of houses for sale in Lisson Grove
| Average asking price (1 bed) | £582,700 |
| Average asking price (2 bed) | £938,326 |
| Average asking price (3 bed) | £1,779,664 |
| Average asking price (4 bed) | £3,163,913 |
| Average asking price (5 bed) | £6,179,667 |
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 (£12,190) for houses for sale with this table to get a good idea as to whether Lisson Grove is the right area to buy a house in for you.
What kind of demographics does the city of Lisson Grove have?
Lisson Grove 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, Lisson Grove 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 Lisson Grove.
What salary does the community in Lisson Grove take home?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Lisson Grove, the average income is £52,500. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 37% to decide on what the demographics are like in the area.
What’s a social grade score and how does it relate to Lisson Grove?
In the city of Lisson Grove, the social grade score of the area is 37%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Lisson Grove.
| 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 is the education level like in Lisson Grove?
The number of people as a percentage who have been through university and gained a degree is 44%. The ability to buy a home is greatly influenced by the number of people who have degrees. £52,500 is the amount people in Lisson Grove 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 Lisson Grove, 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.
In Lisson Grove, how has the population changed?
In total, the number of people in Lisson Grove is 33,766. 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 Lisson Grove, depending on where exactly you are.
How has Lisson Grove 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 Lisson Grove has changed by 13%. 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 13% 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 Lisson Grove?
24% 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 Lisson Grove 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.
How deprived is the population of Lisson Grove?
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 Lisson Grove is 32%.
How much green space is available to residents of Lisson Grove?
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 Lisson Grove currently has 9.4 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 Lisson Grove in this case.
What’s crime like in Lisson Grove?
For every one thousand people living in Lisson Grove, 101 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 101 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.
In general, what do houses for sale sell for in Lisson Grove?
For the city of Lisson Grove, the average price a house sells for is £1,051,134. This value usually depends on the exact location of the house within Lisson Grove as well as other factors like the population growth in Lisson Grove which is 24% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £6,459,028 |
| Aerage sold price (semi-detached) | £4,380,050 |
| Aerage sold price (terraced) | £3,072,127 |
| Aerage sold price (flat) | £799,447 |
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 Lisson Grove.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £11,170 |
| Aerage sold price/sqft (new build) | £18,760 |
| Aerage sold price/sqft (old stock) | £10,950 |
Generalising the bottom table, the average value per square foot of a house for sale is £11,680. This value averages all of the types of houses for sale in Lisson Grove. 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 Lisson Grove.
In Lisson Grove, what are the rental yields?
Are there new houses being built in Lisson Grove to make it grow?
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 Lisson Grove that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Lisson Grove growth rate | 5% | no relevant data for this city | 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 Lisson Grove is important.
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 Lisson Grove, 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 London, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Lisson Grove | 4.8% | £4,856 | 80% | 4.0% |
| London | 3.96% | £2,001 | 129.93% | 12.05% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Lisson Grove you might be interested in the number of sales per month (18) that happen in the local housing market. Comparing this figure for Lisson Grove with the above table gives you a good understanding of the profitability of the area.
Invest in houses for sale in Lisson Grove with the right professional advice
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 Lisson Grove.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
House for sale in the same UK region
We have prepared a list of cities in Greater London, the same UK region of Lisson Grove that can help you evaluate the different houses for sale listed in the region:
- Bulphan in Greater London
- Highbury in Greater London
- Stanmore in Greater London
- Anerley in Greater London
- Bow in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
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