As a landlord, whenever you are looking at houses for sale in Oxfordshire, you could find varying prices throughout an area like Abingdon. 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 Abingdon 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 Abingdon will be revealed. Keep reading.
In Abingdon, what is the asking price in general for a house for sale?
In the city of Abingdon, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£209,775|
|Average asking price (2 bed)||£282,047|
|Average asking price (3 bed)||£416,390|
|Average asking price (4 bed)||£564,474|
|Average asking price (5 bed)||£789,048|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Abingdon and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £3,980 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Abingdon, the asking price for a house for sale in the area is £423,990.
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 Abingdon. 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.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Abingdon.
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.
What kind of demographics does the city of Abingdon have?
In the city of Abingdon, how much green space remains for residents?
Whether you view green space in Abingdon 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 Abingdon, the number of acres of green space for every 1000 people currently is 12 which can be measured against the UK average of 1.7.
In Abingdon, 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 Abingdon is 44276.
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 Abingdon.
In Abingdon, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 9%. 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 Abingdon 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 (9%) 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.
Abingdon population difference over 10 years?
The population has adjusted in the area of Abingdon by 14% 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 Abingdon.
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.
Abingdon within Oxfordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Abingdon will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South 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 Abingdon.
How educated are the people in Abingdon?
Interestingly, the percentage of people who have a degree in the city of Abingdon is 36%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Abingdon is £58,500.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Abingdon, what is the crime rate?
Within Abingdon, the number of people committing crimes is 7200% 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 7200% figure carefully.
Are the people of Abingdon deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Abingdon is £0.
How much are those living in Abingdon 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 Abingdon. Compare the area’s average household income of £58,500.00 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 34% for more conclusive data on the affluence of the area.
In Abingdon, what is the social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Abingdon compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Abingdon, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 34%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
What is the final sale price of a house in Abingdon?
As well as looking at the asking price for house for sale in Abingdon, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Abingdon.
Houses for sale, are sold on average in Abingdon, after the influence of these factors, at £343,313 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 14% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£480,924|
|Aerage sold price (semi-detached)||£336,603|
|Aerage sold price (terraced)||£293,446|
|Aerage sold price (flat)||£214,427|
This table above shows the average sale price for each variation of houses for sale in Abingdon.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,630|
|Aerage sold price/sqft (new build)||£3,460|
|Aerage sold price/sqft (old stock)||£3,620|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Abingdon is £3,800.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Why you should consider the average rental yield when searching for houses for sale in Abingdon
Are there new houses being built in Abingdon to make it grow?
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 Abingdon at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Abingdon growth rate||2%||10%||10%|
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 Abingdon 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 Abingdon.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Abingdon. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Abingdon.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Oxfordshire), a regional level (South East) and finally on the level of the city talked about in this article, Abingdon.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Abingdon experiences. This figure for house sales per month is 26. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
houses for sale in other cities and regions in the UK
We have prepared a list of cities that are entirely dissimilar to the region of South East, perfect if you are looking for somewhere similar to Abingdon but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- balmore in South East
- kirkintilloch in South East
- anthill-common in South East
- begbroke in South East
- adwick-upon-dearne in South East
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Professional advice for houses for sale in Abingdon
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city