How much will you pay for a house for sale in Arreton?

Arreton 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 Isle of Wight.
Before looking for a house for sale in the city of Arreton 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 Arreton.

How are rental yields of the houses for sale different to the rest of the UK in Arreton?

Are there more or fewer houses being built in Arreton?

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

	1 year	3 years	5 years
Arreton growth rate	-3%	12%	17%

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 Arreton 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 Arreton.

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 Arreton, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Isle of Wight, to give a smaller scale area to compare the data to.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Arreton	4.0%	£1,030	140%	15.0%
Isle of Wight	3.34%	£898	140.00%	14.33%
South East	3.58%	£1,301	127.50%	16.69%

Assuming that in the future you want to re-sell the house you will eventually purchased in Arreton you might be interested in the number of sales per month (23) that happen in the local housing market. Comparing this figure for Arreton with the above table gives you a good understanding of the profitability of the area.

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

For the city of Arreton, the average price a house sells for is £218,933. This value usually depends on the exact location of the house within Arreton as well as other factors like the population growth which is 3% over a ten-year period.

Housing category	Total final sale price
Aerage sold price (detached)	£301,748
Aerage sold price (semi-detached)	£208,790
Aerage sold price (terraced)	£174,906
Aerage sold price (flat)	£119,054

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 Arreton.

Housing category	Sale price per square foot
Aerage sold price/sqft	£2,380
Aerage sold price/sqft (new build)	£2,300
Aerage sold price/sqft (old stock)	£2,290

Generalising the bottom table, the average value per square foot of a house for sale is £2,380. This value averages all of the types of houses for sale in Arreton. 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 Arreton.

What are the asking prices for the houses for sale in the city of Arreton?

In the city of Arreton, what is the average asking price for the houses for sale?

Average asking price (1 bed)	£114,996
Average asking price (2 bed)	£213,867
Average asking price (3 bed)	£317,177
Average asking price (4 bed)	£489,641
Average asking price (5 bed)	£710,833

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Arreton has a lack of supply of housing in certain categories.

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 Arreton is £305,521.

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 Arreton is useful when negotiating and knowing what to expect for every type of house for sale.

What are the people like in Arreton?

Are the people in Arreton earning a lot?

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 Arreton. Compare the area’s average household income of £37,900 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 16% for more conclusive data on the affluence of the area.

In Arreton, what is the crime rate?

In Arreton, for every 1000 people, there is currently a crime rate of 128. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (128 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What is the population of Arreton?

Population growth in Arreton 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 Arreton, 29,065 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 Arreton 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 Arreton, 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 Arreton?

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 3% in Arreton.

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.

Are the deprivation levels of the UK any different to Arreton?

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 Arreton is 26% 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.

How much green space is available to residents of Arreton?

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 Arreton, the city has 14.6 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 Arreton.

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

In the city of Arreton, 22% 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 Arreton is £37,900. 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.

Arreton in the county of Isle of Wight 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 Arreton 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 Arreton, 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 Arreton, 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 Arreton in grades A or B which are the highest skilled roles in the country is 16%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £37,900 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 16%.

Other cities you can consider looking for with houses for sale

You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Arreton:

• Bearsted in South East
• Bassett in South East
• Bells-Yew-Green in South East
• Chalgrove in South East
• Grayswood in South East

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

Professional advice for houses for sale in Arreton

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

Finding the ideal house for sale for you

When browsing houses for sale in Arreton you should think about lots of different criteria:

• House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

• Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

• House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

• Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

• energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

• Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

• Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

• Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.