Whenever looking for a house for sale in the UK or in Austhorpe, it is vital you look at the market trends and house price fluctuations in the wider area of West Yorkshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Austhorpe.
In this article, we will be looking at the city of Austhorpe in detail so you know how to navigate the area and have a better understanding on where to invest.
What are the demographics like in the city of Austhorpe?
What does the population of Austhorpe look like?
In total, the number of people in Austhorpe is 34,715. 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 Austhorpe, depending on where exactly you are.
How has Austhorpe 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 Austhorpe 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 Austhorpe?
7% 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 Austhorpe 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.
In Austhorpe, what are the deprivation levels like?
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 Austhorpe is 28% 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 the crime rate in Austhorpe?
The crime rate of Austhorpe 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 126, 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 (126) is both useful and is recommended to be compared to the average.
How much are those living in Austhorpe 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 Austhorpe. Compare the area’s average household income of £41,700 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 19% for more conclusive data on the affluence of the area.
Austhorpe within West Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Austhorpe will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). 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 Austhorpe.
Is the education level of Austhorpe important when buying a house?
In the city of Austhorpe, 19% 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 Austhorpe is £41,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is a social grade score and how does this relate to Austhorpe?
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 Austhorpe, the percentage of people in the two highest categories, A and B is 19%. 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 £41,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (19%).
Is there sufficient green space in Austhorpe?
Whether you view green space in Austhorpe 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 Austhorpe, the number of acres of green space for every 1000 people currently is 33.9 which can be measured against the UK average of 1.7.
What are the asking prices for the houses for sale in the city of Austhorpe?
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 Austhorpe 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 £287,176.
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 Austhorpe.
Table showing the asking prices for houses for sale in Austhorpe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£222,650|
|Average asking price (3 bed)||£277,191|
|Average asking price (4 bed)||£403,961|
|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 £0. 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 Austhorpe has a lack of supply of housing in certain categories.
In general, for the city of Austhorpe, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Austhorpe. In Austhorpe, this sale price works out to be £219,254. As an example, a factor like population growth over the last 10 years which works out to be 7% in Austhorpe and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£302,998|
|Average sold price (semi-detached)||£198,966|
|Average sold price (terraced)||£168,678|
|Average sold price (flat)||£110,605|
Above, the exact type of house is also shown to vary in price in a table in Austhorpe. 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||£2,460|
|Average sold price/sqft (new build)||£2,530|
|Average sold price/sqft (old stock)||£2,330|
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 Austhorpe which is £2,460. 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.
How are rental yields of the houses for sale different to the rest of the UK in Austhorpe?
Is the housing market in Austhorpe 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 Austhorpe that shows the growth in recent years.
|1 year||3 years||5 years|
|Austhorpe growth rate||7%||29%||35%|
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 Austhorpe 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 Austhorpe, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as West Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Austhorpe||3.9%||£939||no relevant data for this city||18.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Austhorpe you might be interested in the number of sales per month (31) that happen in the local housing market. Comparing this figure for Austhorpe with the above table gives you a good understanding of the profitability of the area.
Get professional help on the houses for sale in Austhorpe
House for sale in the same UK region
We have prepared a list of cities in North East, the same UK region of Austhorpe that can help you evaluate the different houses for sale listed in the region:
- Belsay in North East
- Blakelaw in North East
- Marton in North East
- Brompton in North East
- Bearpark in North East
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
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Austhorpe.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.