Whenever looking for a house for sale in the UK or in Abingdon, it is vital you look at the market trends and house price fluctuations in the wider area of Oxfordshire 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 Abingdon.
In this article, we will be looking at the city of Abingdon in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Abingdon for a house for sale
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Abingdon is £423,990.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Abingdon is useful when negotiating and knowing what to expect for every type of 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|
After looking at this table about prices of houses for sale in Abingdon, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £3,980 will help them to have a more holistic understanding.
House for sale in a different UK region
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.
In Abingdon, what do houses for sale tend to sell for?
In Abingdon, the average sale price of a house for sale is in fact £343,313. This is dependent on the 10 year population growth of Abingdon being 14%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abingdon.
|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|
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 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|
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 £3,800. This means if you are just looking out the houses sold in Abingdon in general and didn’t take into consideration the type of build. For example, a new build.
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 are the people like in Abingdon?
Abingdon in the county of Oxfordshire 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 Abingdon is located in; South East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Abingdon, 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.
How much do people in Abingdon earn?
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 Abingdon, this works out to be £58,500. 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 Abingdon?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Abingdon, the city has 12.4 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Abingdon.
In Abingdon, how educated are people in general?
In the city of Abingdon, 36% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Abingdon is £58,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In Abingdon, what is the social grade score?
In the city of Abingdon, the social grade score of the area is 34%. 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 Abingdon.
|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 the city of Abingdon, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Abingdon if 44,276 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 Abingdon such as rental yield or house appreciation.
How has the population size of Abingdon adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Abingdon by 9%. 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 9% 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 Abingdon?
In the last decade, the population of Abingdon has been adjusted by 14%. 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.
Is the city of Abingdon deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 16% for Abingdon should give you a nice idea of the deprivation in the area.
In Abingdon, what is the crime rate?
For the city of Abingdon, crime rate is at 72. So for every 1000 people in the area, 72 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.
In Abingdon, what are the rental yields?
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 37. 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.
Is the housing market in Abingdon growing?
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.
Get professional help on the houses for sale in Abingdon
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