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A guide on houses for sale in Abbey Hey

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ A guide on houses for sale in Abbey Hey

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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 Abbey Hey to help you find the perfect agent for you

Download the directory 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 Abbey Hey, Greater Manchester. From the average asking price of houses for sale in Abbey Hey, to the growth of the population in the area, all will be talked about regarding the city of Abbey Hey. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

A house for sale that is right for you

Many criteria impact the price of houses for sale in Abbey Hey. 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.

Are you considering other cities with houses for sale?

If you are looking for a list of cities that are different to the City of Abbey Hey and in different UK region to North West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

What is the final sale price of a house in Abbey Hey?

In Abbey Hey, the average sale price of a house for sale is in fact £140,373. This is dependent on the 10 year population growth of Abbey Hey being 13%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abbey Hey.

Housing category Total final sale price
Aerage sold price (detached) £227,724
Aerage sold price (semi-detached) £153,400
Aerage sold price (terraced) £109,503
Aerage sold price (flat) £78,946

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 Abbey Hey.

Housing category Sale price per square foot
Aerage sold price/sqft £1,670
Aerage sold price/sqft (new build) £2,140
Aerage sold price/sqft (old stock) £1,420

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 £1,670. This means if you are just looking out the houses sold in Abbey Hey in general and didn’t take into consideration the type of build. For example, a new build.

Are there any important statistics about the population of Abbey Hey?

Is there sufficient green space in Abbey Hey?

In the city of Abbey Hey, there are 14 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 Abbey Hey is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Are the deprivation levels of the UK any different to Abbey Hey?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Abbey Hey, currently, £0 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 do people in Abbey Hey earn?

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 Abbey Hey, the average income is £31,200.00. 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 8% to decide on what the demographics are like in the area. Abbey Hey within Greater Manchester is notable for the type of people that live there. The statistics below show how this is the case. As you read on, Abbey Hey will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). 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 Abbey Hey.

In Abbey Hey, how has the population changed?

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 Abbey Hey is 23432. 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 Abbey Hey.

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

In the last five years, over time, the change in population size was 5%. 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 Abbey Hey 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 (5%) 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.

Abbey Hey population difference over 10 years?

The population has adjusted in the area of Abbey Hey by 13% 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 Abbey Hey. 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.

What is a social grade score and how does this relate to Abbey Hey?

In the city of Abbey Hey, the social grade score of the area is 8%. 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 Abbey Hey.

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

In general, do people commit a lot of crime in Abbey Hey?

Within Abbey Hey, the number of people committing crimes is no relevant data for this city per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not. As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be. If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this no relevant data for this city figure carefully.

For the city of Abbey Hey, what is the education level?

In Abbey Hey, the proportion of people who have a degree is 16%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Abbey Hey is £31,200.00. This figure for average household income usually goes up alongside the percentage of people who have degrees. However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate. Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

Get professional help on the houses for sale in Abbey Hey

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

How are rental yields of the houses for sale different to the rest of the UK in Abbey Hey?

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 Abbey Hey, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as Greater Manchester, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbey Hey £0 £848 no relevant data for this city £0
Greater Manchester 4.70% £930.05 128.44% 21.10%
North West 0.04 807.60 £1 20.19%

Assuming that in the future you want to re-sell the house you will eventually purchased in Abbey Hey you might be interested in the number of sales per month (14) that happen in the local housing market. Comparing this figure for Abbey Hey with the above table gives you a good understanding of the profitability of the area.

Are there more or fewer houses being built in Abbey Hey?

The growth of an area like Abbey Hey can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it. Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Abbey Hey growth rate 13% 12% 65%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on. Make sure you do your own research specific to the city of Abbey Hey if you want to find out the exact reasons for the housing change.

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

The average asking price for the houses for sale in the city of Abbey Hey

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £142,583
Average asking price (3 bed) £193,548
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Abbey Hey is £0. This should show you the general prices overall and for individual types of houses too. On average, in Abbey Hey, the asking price for a house for sale in the area is £172,057. 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 Abbey Hey. 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.

F.A.Q.

Is it possible to renovate a property in Abbey Hey?

Amidst the urban landscape of Abbey Hey, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 3 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (23432).

On a monthly basis, how many property transactions take place in Abbey Hey?

14 property transactions are reported in Abbey Hey each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the annual population shift in a city such as Abbey Hey?

For a comprehensive analysis of Abbey Hey’s population trends, observe the population fluctuation over a decade, indicated by 13%, and the five-year alteration represented by 5%. Perhaps also look at data from another nearby city too so you can see a comparison.

What are the asking rates for houses for sale in the surrounding area of Abbey Hey?

In Abbey Hey, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Would acquiring a house for sale in Abbey Hey be regarded as a high-priced option?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Abbey Hey, this value is £140,373, compared to the UK’s average of £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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