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 Blendworth, Hampshire.
From the average asking price of houses for sale in Blendworth to the growth of the population in the area, all will be talked about regarding the city of Blendworth. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Are there any important statistics about the population of Blendworth?
How much green space is available to residents of Blendworth?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Blendworth, 49.3 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Blendworth.
What is the social grade score of Blendworth?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Blendworth, the percentage of people in the two highest categories, A and B is 27%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £48,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (27%).
How much do people in Blendworth 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 £48,400.
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 Blendworth this figure is 27%.
In the city of Blendworth, has the population grown or shrunk?
Population growth in Blendworth 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 Blendworth, 33,986 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 Blendworth 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 Blendworth, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Blendworth?
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 Blendworth.
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.
The city of Blendworth, situated in Hampshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Blendworth 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 Blendworth. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Blendworth, what are the deprivation levels like?
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 19% for Blendworth should give you a nice idea of the deprivation in the area.
What’s the crime rate in Blendworth?
For the city of Blendworth, crime rate is at 68. So for every 1000 people in the area, 68 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.
What is the education level like in Blendworth?
In Blendworth, the proportion of people who have a degree is 25%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Blendworth is £48,400.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What are the asking prices for the houses for sale in the city of Blendworth?
Table showing the asking prices for houses for sale in Blendworth
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£334,375|
|Average asking price (3 bed)||£381,185|
|Average asking price (4 bed)||£520,216|
|Average asking price (5 bed)||£664,615|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Blendworth is the right area to buy a house in for you.
When investors make offers for houses for sale in Blendworth, the average price asked by the homeowners works out to be £422,092.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Blendworth is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
In general, for the city of Blendworth, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Blendworth. In Blendworth, this sale price works out to be £332,665. As an example, a factor like population growth over the last 10 years which works out to be 7% in Blendworth and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£397,149|
|Average sold price (semi-detached)||£305,243|
|Average sold price (terraced)||£251,313|
|Average sold price (flat)||£159,981|
Above, the exact type of house is also shown to vary in price in a table in Blendworth. 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||£3,250|
|Average sold price/sqft (new build)||£3,320|
|Average sold price/sqft (old stock)||£3,180|
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 Blendworth which is £3,250. 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’s the rental yield in general for the city of Blendworth?
Are there new houses being built in Blendworth to make it grow?
Before committing to Blendworth to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Blendworth growth rate||8%||21%||25%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Blendworth is building housing to find your answer.
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 Blendworth.
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 (Hampshire) as well as the broader region; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blendworth||no relevant data for this city||no relevant data for this city||no relevant data for this city||19.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Blendworth which is 26 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 Blendworth is to invest in. Both in terms of rental yield and capital appreciation.