What is it like buying a house in Adwell?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ What is it like buying a house in Adwell?

Adwell might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Oxfordshire.
Before looking for a house for sale in the city of Adwell we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Adwell.

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

Table showing the asking prices for houses for sale in Adwell

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £323,634
Average asking price (3 bed) £483,915
Average asking price (4 bed) £703,945
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 in terms of the house asking price, the average asking price for the house for sale in the whole of Adwell is £0. This should show you the general prices overall and for individual types of houses too.

On average, in Adwell, the asking price for a house for sale in the area is £484,070.

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 Adwell. 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.

In Adwell, what are the demographics like?

What is the social grade score of Adwell?

In the city of Adwell and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Adwell has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 35%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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 Adwell, is there a lot of green space?

Whether you view green space in Adwell 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 Adwell, the number of acres of green space for every 1000 people currently is 37.8 which can be measured against the UK average of 1.7.

Have the people of Adwell grown in numbers?

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 Adwell is 14,025.

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 Adwell.

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

In the last five years, over time, the change in population size was 4%. 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 Adwell 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 (4%) 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.

Adwell population difference over 10 years?

The population has adjusted in the area of Adwell by 7% 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 Adwell.

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.

Are the people of Adwell deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Adwell is 15% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

Is the education level of Adwell important when buying a house?

In the city of Adwell, 35% 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 Adwell is £56,800.

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

What’s crime like in Adwell?

Within Adwell, the number of people committing crimes is 65 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 65 figure carefully.

Are the people in Adwell earning a lot?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£56,800 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 35% for Adwell.

Adwell 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 Adwell 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 Adwell, 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.

What’s the rental yield in general for the city of Adwell?

Are there more or fewer houses being built in Adwell?

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 Adwell at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Adwell growth rate -9% -6% -9%

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 Adwell 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 Adwell.

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Adwell.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Oxfordshire) as well as the broader region; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Adwell 3.2% £1,303 no relevant data for this city 26.0%
Oxfordshire 3.64% £1,404 124.23% 15.46%
South East 3.58% £1,301 127.50% 16.69%

Also, you can compare other data to the table above such as the number of houses sold per month in Adwell which is 18 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Adwell is to invest in. Both in terms of rental yield and capital appreciation.

In Adwell, what do houses for sale tend to sell for?

In Adwell, the average sale price of a house for sale is in fact £414,170. This is dependent on the 10 year population growth of Adwell being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Adwell.

Housing category Total final sale price
Aerage sold price (detached) £617,324
Aerage sold price (semi-detached) £402,530
Aerage sold price (terraced) £332,000
Aerage sold price (flat) £241,748

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 Adwell.

Housing category Sale price per square foot
Aerage sold price/sqft £4,240
Aerage sold price/sqft (new build) £4,140
Aerage sold price/sqft (old stock) £4,280

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 £4,240. This means if you are just looking out the houses sold in Adwell in general and didn’t take into consideration the type of build. For example, a new build.

Professional advice for houses for sale in Adwell

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

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Adwell.
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.

Thinking about other cities with houses for sale?

Examine this short list of cities belonging to South East, the same region where Adwell 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.