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 Ashton Upon Mersey, Greater Manchester.
From the average asking price of houses for sale in Ashton Upon Mersey to the growth of the population in the area, all will be talked about regarding the city of Ashton Upon Mersey. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the final sale price of a house in Ashton Upon Mersey?
For the city of Ashton Upon Mersey, the average price a house sells for is £317,199. This value usually depends on the exact location of the house within Ashton Upon Mersey as well as other factors like the population growth in Ashton Upon Mersey which is 6% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£495,110|
|Aerage sold price (semi-detached)||£338,028|
|Aerage sold price (terraced)||£257,569|
|Aerage sold price (flat)||£160,997|
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 Ashton Upon Mersey.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,260|
|Aerage sold price/sqft (new build)||£2,670|
|Aerage sold price/sqft (old stock)||£3,100|
Generalising the bottom table, the average value per square foot of a house for sale is £3,440. This value averages all of the types of houses for sale in Ashton Upon Mersey. 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 Ashton Upon Mersey.
What kind of demographics does the city of Ashton Upon Mersey have?
How educated are the people in Ashton Upon Mersey?
In Ashton Upon Mersey, the proportion of people who have a degree is 36%. 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 Ashton Upon Mersey is £46,900.
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.
What is the population of Ashton Upon Mersey?
Population growth in Ashton Upon Mersey is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Ashton Upon Mersey, 59,972 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Ashton Upon Mersey in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Ashton Upon Mersey, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Ashton Upon Mersey?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Ashton Upon Mersey.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Do the people of Ashton Upon Mersey get to enjoy green space?
Whether you view green space in Ashton Upon Mersey 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 Ashton Upon Mersey, the number of acres of green space for every 1000 people currently is 9.2 which can be measured against the UK average of 1.7.
What’s the crime rate in Ashton Upon Mersey?
For the city of Ashton Upon Mersey, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
What is the social grade score of Ashton Upon Mersey?
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 Ashton Upon Mersey, the percentage of people in the two highest categories, A and B is 34%. 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 £46,900. This income will generally get bigger as the percentage of people in the A and B categories go up too (34%).
What salary does the community in Ashton Upon Mersey take home?
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 (34%). 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 Ashton Upon Mersey, this works out to be £46,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Are the deprivation levels of the UK any different to Ashton Upon Mersey?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Ashton Upon Mersey, currently, 20% 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.
Ashton Upon Mersey in the county of Greater Manchester is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Ashton Upon Mersey is located in; North West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Ashton Upon Mersey, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
On average, what is the figure for the asking price of a house for sale in Ashton Upon Mersey?
Average asking prices for houses for sale in Ashton Upon Mersey
|Average asking price (1 bed)||£149,215|
|Average asking price (2 bed)||£255,485|
|Average asking price (3 bed)||£398,418|
|Average asking price (4 bed)||£610,784|
|Average asking price (5 bed)||£724,000|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Ashton Upon Mersey is £3,610. This should show you the general prices overall and for individual types of houses too.
When investors make offers for houses for sale in Ashton Upon Mersey, the average price asked by the homeowners works out to be £380,773.
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 Ashton Upon Mersey 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.
Always consider average rental yield when searching for houses for sale in Ashton Upon Mersey
What is the growth in the housing market of Ashton Upon Mersey?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Ashton Upon Mersey at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Ashton Upon Mersey growth rate||10%||24%||41%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Ashton Upon Mersey gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Ashton Upon Mersey.
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 Ashton Upon Mersey, 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)|
|Ashton Upon Mersey||3.8%||£1,214||140%||23.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Ashton Upon Mersey you might be interested in the number of sales per month (39) that happen in the local housing market. Comparing this figure for Ashton Upon Mersey with the above table gives you a good understanding of the profitability of the area.