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How much will you pay for a house for sale in College Town?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much will you pay for a house for sale in College Town?

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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 College Town, Berkshire.

From the average asking price of houses for sale in College Town, to the growth of the population in the area, all will be talked about regarding the city of College Town. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

What kind of demographics does the city of College Town have?

Are the people of College Town deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In College Town, 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.

How much green space is available to residents of College Town?

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 College Town, 17 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 College Town.

What does the population of College Town look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of College Town if 18860 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 College Town such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of College Town by 4%. 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 4% 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 College Town?

In the last decade, the population of College Town has been adjusted by 10%. 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 the crime rate bad in the city of College Town?

The crime rate of College Town must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 5600%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (5600%) is both useful and is recommended to be compared to the average.

How educated are the people in College Town?

In the city of College Town, 29% 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 College Town is £60,100.00. 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.

How much are those living in College Town earning?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In College Town, the average income is £60,100.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 30% to decide on what the demographics are like in the area.

In College Town, what is the social grade score?

In the city of College Town 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 College Town has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 30%.

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

The city of College Town, 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 College Town 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 College Town. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Advice from experts on properties for sale in College Town

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Invest in a house for sale that meets your demands

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 College Town.

  • 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.

In general, for the city of College Town, what are the final purchase prices for the houses for sale?

For the city of College Town, the average price a house sells for is £386,164. This value usually depends on the exact location of the house within College Town as well as other factors like the population growth which is 10% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £509,688
Aerage sold price (semi-detached) £375,280
Aerage sold price (terraced) £304,791
Aerage sold price (flat) £198,993

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 College Town.

Housing category Sale price per square foot
Aerage sold price/sqft £4,060
Aerage sold price/sqft (new build) £4,160
Aerage sold price/sqft (old stock) £4,000

Generalising the bottom table, the average value per square foot of a house for sale is £4,060. This value averages all of the types of houses for sale in College Town. 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 College Town.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Always consider average rental yield when searching for houses for sale in College Town

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in College Town this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Berkshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout College Town.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
College Town £0 £1,479 no relevant data for this city £0
Berkshire 3.60% £1,478.89 129.52% 16.23%
South East 0.04 1,300.68 £1 16.69%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in College Town.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (11) will be useful.

Are there new houses being built in College Town to make it grow?

The growth of an area like College Town 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
College Town growth rate 3% 9% 12%

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 College Town if you want to find out the exact reasons for the housing change.

houses for sale in other cities and regions in the UK

You can consult our list below that goes over a list of cities not necessarily in South East, allowing you to find similar places to College Town:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

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

Average price of houses for sale in College Town

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £348,600
Average asking price (3 bed) £469,686
Average asking price (4 bed) £589,820
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in College Town 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 £0 should also give you an overview of what the asking price for houses for sale are in general.

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 College Town is £475,869.

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

Frequently Asked Questions

Do properties in College Town offer renovation potential?

College Town is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 6 each month, attaining a success rate of nan and a total population of 18860. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

In College Town, how many property sales per month are there?

11 property transactions are reported in College Town each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the year-over-year population change in College Town or similar cities?

When evaluating the population trajectory of College Town, explore the decade-spanning population shift of 10% and the five-year modification of population of 4%. By drawing comparisons, see if demographic changes in your chosen area is

What are the asking rates for houses for sale in the surrounding area of College Town?

Currently, the mean asking price of a house in College Town is £0, calculated using the average value per square foot

Is a house for sale in College Town an expensive choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In College Town, the value is £386,164, whereas the UK’s mean is £286,500

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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.

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