fbpx

Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

A guide on houses for sale in Ascot

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ A guide on houses for sale in Ascot

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Ascot to help you find the perfect agent for you

Download the directory

Whenever looking for a house for sale in the UK or in Ascot, it is vital you look at the market trends and house price fluctuations in the wider area of Berkshire 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 Ascot.

In this article, we will be looking at the city of Ascot in detail so you know how to navigate the area and have a better understanding on where to invest.

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

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 Ascot 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 £761,521.

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 Ascot.

Average price of houses for sale in Ascot

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £487,885
Average asking price (3 bed) £640,335
Average asking price (4 bed) £918,108
Average asking price (5 bed) £1,739,653

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Ascot is £5,360. This should show you the general prices overall and for individual types of houses too.

Invest in a house for sale that meets your demands

When browsing houses for sale in Ascot 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • 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.

What are the people like in Ascot?

What’s crime like in Ascot?

For every one thousand people living in Ascot, 5500% 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 5500% 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.

What is the education level like in Ascot?

Interestingly, the percentage of people who have a degree in the city of Ascot is 42%. 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 Ascot is £60,800.00.

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.

The city of Ascot, situated in Berkshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Ascot and its demographics will be compared to its wider location (South East). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Ascot. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is the city of Ascot’s social grade score?

In the city of Ascot, the social grade score of the area is 45%. 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 Ascot.

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 Ascot, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Ascot if 24170 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 Ascot such as rental yield or house appreciation.

How has the population size of Ascot adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Ascot by 3%. 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 3% 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 Ascot?

In the last decade, the population of Ascot has been adjusted by 6%. 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 there sufficient green space in Ascot?

In the city of Ascot, there are no relevant data for this city acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Ascot is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Are the people in Ascot earning a lot?

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 £60,800.00.

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 Ascot this figure is 45%.

How deprived is the population of Ascot?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Ascot, 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 is the final sale price of a house in Ascot?

As well as looking at the asking price for house for sale in Ascot, 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 Ascot.

Houses for sale, are sold on average in Ascot, after the influence of these factors, at £651,176 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 6% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £1,115,098
Aerage sold price (semi-detached) £524,742
Aerage sold price (terraced) £442,202
Aerage sold price (flat) £443,931

This table above shows the average sale price for each variation of houses for sale in Ascot.

Housing category Sale price per square foot
Aerage sold price/sqft £4,870
Aerage sold price/sqft (new build) £5,550
Aerage sold price/sqft (old stock) £4,770

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 Ascot is £5,110.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Always consider average rental yield when searching for houses for sale in Ascot

In Ascot, how has the number of houses changed?

The growth of an area like Ascot 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
Ascot growth rate 3% 3% 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 Ascot if you want to find out the exact reasons for the housing change.

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 Ascot, 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 Berkshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Ascot £0 £2,585 £1 £0
Berkshire 3.60% £1,478.89 129.52% 16.23%
South East 0.04 1,300.68 £1 16.69%

Assuming that in the future you want to re-sell the house you will eventually purchased in Ascot you might be interested in the number of sales per month (18) that happen in the local housing market. Comparing this figure for Ascot with the above table gives you a good understanding of the profitability of the area.

Advice from experts on properties for sale in Ascot

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

Other cities in different locations you can consider to buy property

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 Ascot 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:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *