How much does a house for sale cost in Stanmore?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much does a house for sale cost in Stanmore?

Stanmore 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 Middlesex.
Before looking for a house for sale in the city of Stanmore 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 Stanmore.

On average, what is the figure for the asking price of a house for sale in Stanmore?

On average, in Stanmore, the asking price for a house for sale in the area is £614,326.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Stanmore. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

The average asking price for the houses for sale in the city of Stanmore

Average asking price (1 bed) £324,703
Average asking price (2 bed) £476,131
Average asking price (3 bed) £644,294
Average asking price (4 bed) £883,654
Average asking price (5 bed) £1,492,941

After looking at this table about prices of houses for sale in Stanmore, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £5,970 will help them to have a more wholistic understanding.

What kind of demographics does the city of Stanmore have?

In Stanmore, what is the social grade score?

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 Stanmore, the percentage of people in the two highest categories, A and B is 36%. 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 £56,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (36%).

Is there sufficient green space in Stanmore?

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 Stanmore, the city has 18.3 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 Stanmore.

What is the population of Stanmore?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Stanmore is 35,976.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Stanmore.

In Stanmore, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Stanmore is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Stanmore population difference over 10 years?

The population has adjusted in the area of Stanmore by 6% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Stanmore.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

How educated are the people in Stanmore?

In the city of Stanmore, 35% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Stanmore is £56,700.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

The city of Stanmore, situated in Middlesex, is a particularly impressive part of the UK because of the specific demographics of the location.

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

Are the people of Stanmore deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Stanmore, currently, 24% 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.

How much are those living in Stanmore earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Stanmore. Compare the area’s average household income of £56,700 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 36% for more conclusive data on the affluence of the area.

Is the crime rate bad in the city of Stanmore?

In Stanmore, for every 1000 people, there is currently a crime rate of 69. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (69 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Why you should consider the average rental yield when searching for houses for sale in Stanmore

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 Stanmore, 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 Middlesex, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Stanmore 3.6% £1,864 101% 9.0%
Middlesex 3.88% £1,510 127.00% 10.75%
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 Stanmore you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Stanmore with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of Stanmore?

Whenever you are thinking about looking for houses for sale in Stanmore, 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
Stanmore growth rate 6% 21% 17%

As the population of Stanmore 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.

What is the final sale price of a house in Stanmore?

In Stanmore, houses for sale are sold at an average of £577,410. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Stanmore. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £1,100,432
Aerage sold price (semi-detached) £587,710
Aerage sold price (terraced) £583,232
Aerage sold price (flat) £416,076

As you can see above, for Stanmore, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £5,610
Aerage sold price/sqft (new build) £6,280
Aerage sold price/sqft (old stock) £5,500

Looking at the second table about Stanmore, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Stanmore is £5,790.