How much does a house for sale cost in Asby?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much does a house for sale cost in Asby?

As a landlord, whenever you are looking at houses for sale in Cumbria, you could find varying prices throughout an area like Asby. 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 Asby 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 Asby will be revealed. Keep reading.

What is the asking price on average of houses for sale in Asby?

When investors make offers for houses for sale in Asby, the average price asked by the homeowners works out to be £150,367.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Asby is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £88,055
Average asking price (3 bed) £159,218
Average asking price (4 bed) £284,877
Average asking price (5 bed) no relevant data for this city

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 (£0) for houses for sale with this table to get a good idea as to whether Asby is the right area to buy a house in for you.

What are the demographics like in the city of Asby?

What is the social grade score of Asby?

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 Asby, the percentage of people in the two highest categories, A and B is 13%. 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 £34,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).

Are the deprivation levels of the UK any different to Asby?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Asby, in particular, the deprivation levels are 30%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What’s crime like in Asby?

For every one thousand people living in Asby, 127 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 127 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 Asby, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Asby if 35,830 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Asby such as rental yield or house appreciation.

How has the population size of Asby adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Asby by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Asby?

In the last decade, the population of Asby has been adjusted by 1%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

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

In the below headings, the city of Asby and its demographics will be compared to its wider location (North West). 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 Asby. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How educated are the people in Asby?

In the city of Asby, 16% 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 Asby is £34,700.

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

How much are those living in Asby earning?

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 (13%). 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 Asby, this works out to be £34,700. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Is there sufficient green space in Asby?

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 Asby currently has 11.3 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 Asby in this case.

In general, what do houses for sale sell for in Asby?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Asby. In Asby, this sale price works out to be £133,537. As an example, a factor like population growth over the last 10 years which works out to be 1% in Asby and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £236,188
Average sold price (semi-detached) £136,417
Average sold price (terraced) £90,645
Average sold price (flat) £66,039

Above, the exact type of house is also shown to vary in price in a table in Asby. 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 £1,380
Average sold price/sqft (new build) £1,880
Average sold price/sqft (old stock) £1,270

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 Asby which is £1,380. 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 Asby?

Are there more or fewer houses being built in Asby?

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 Asby that shows the growth in recent years.

1 year 3 years 5 years
Asby growth rate -5% -9% -4%

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 Asby is important.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Asby this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (North West) alongside Cumbria then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Asby.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Asby no relevant data for this city no relevant data for this city no relevant data for this city 22.0%
Cumbria 4.20% £674 116.50% 17.79%
North West 4.36% £808 120.36% 20.19%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Asby.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (34) will be useful.

Who can help you buy a house for sale in Asby?

A house for sale that is right for you

When browsing houses for sale in Asby you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

House for sale in the same UK region

Examine this short list of cities belonging to North West, the same region where Asby is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase