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 Arborfield, Berkshire.
From the average asking price of houses for sale in Arborfield, to the growth of the population in the area, all will be talked about regarding the city of Arborfield. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Invest in houses for sale in Arborfield with the right professional advice
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
What are the asking prices for the houses for sale in the city of Arborfield?
The average asking price for the houses for sale in the city of Arborfield
|Average asking price (1 bed)||£213,650|
|Average asking price (2 bed)||£303,482|
|Average asking price (3 bed)||£417,479|
|Average asking price (4 bed)||£626,852|
|Average asking price (5 bed)||£872,667|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Arborfield 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 £4,310 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Arborfield determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £381,350.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Arborfield.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like Arborfield, examine this short list of cities below from outside of the region of South East for some inspiration.
- began in South East
- broxbourne in South East
- beattock in South East
- aldclune in South East
- bellsbank in South East
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Finding the ideal house for sale for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Arborfield.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
What is the final sale price of a house in Arborfield?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Arborfield. In Arborfield, this sale price works out to be £363,092. As an example, a factor like population growth over the last 10 years which works out to be 7% in Arborfield and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£568,028|
|Average sold price (semi-detached)||£372,227|
|Average sold price (terraced)||£341,638|
|Average sold price (flat)||£244,776|
Above, the exact type of house is also shown to vary in price in a table in Arborfield. 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||£3,790|
|Average sold price/sqft (new build)||£4,020|
|Average sold price/sqft (old stock)||£3,700|
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 Arborfield which is £4,050. 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.
What kind of demographics does the city of Arborfield have?
How educated are the people in Arborfield?
Interestingly, the percentage of people who have a degree in the city of Arborfield is 31%. 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 Arborfield is £50,700.00.
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 Arborfield, what is the crime rate?
For every one thousand people living in Arborfield, 12200% 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 12200% 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 Arborfield, what is the social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Arborfield in grades A or B which are the highest skilled roles in the country is 26%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £50,700.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 26%.
Arborfield in the county of Berkshire 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 Arborfield 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 Arborfield, 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.
In the city of Arborfield, is there a lot of green space?
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 Arborfield, the city has 10 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 Arborfield.
In Arborfield, how has the population changed?
Population growth in Arborfield 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 Arborfield, 37654 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 Arborfield 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 Arborfield, 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 Arborfield?
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 7% in Arborfield.
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.
How much do people in Arborfield earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £50,700.00.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Arborfield this figure is 26%.
How deprived is the population of Arborfield?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Arborfield, currently, £0 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.
What’s the rental yield in general for the city of Arborfield?
Is the housing market in Arborfield growing?
The growth of an area like Arborfield can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Arborfield growth rate||no relevant data for this city||-11%||4%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Arborfield if you want to find out the exact reasons for the housing change.
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 Arborfield. 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 Arborfield.
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 (Berkshire), a regional level (South East) and finally on the level of the city talked about in this article, Arborfield.
|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 Arborfield experiences. This figure for house sales per month is 30. 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.
Frequently Asked Questions (FAQ)
Is it possible to renovate a property in Arborfield?
If planning permissions are abundant in the vicinity of Arborfield, it may look promising for landlords looking to renovate. With 9 getting approved on a monthly basis, and a success rate of 88%, these prospects flourish against a population of 37654. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
On a monthly basis, how many property transactions take place in Arborfield?
30 property transactions are reported in Arborfield each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What’s the annual population shift in a city such as Arborfield?
Calculating the evolution of Arborfield’s population requires an examination of the population transformation over a decade, amounting to 7%, and the five-year adjustment at 2%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
In the larger vicinity of Arborfield, what is the cost of houses available for sale?
Currently, the mean asking price of a house in Arborfield is £4,310, calculated using the average value per square foot
Does opting for a house for sale in Arborfield come with a hefty price tag?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Arborfield, this value is £363,092, compared to the UK’s average of £286,500.