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 Coombes, West Sussex.
From the average asking price of houses for sale in Coombes to the growth of the population in the area, all will be talked about regarding the city of Coombes. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In general, what do houses for sale sell for in Coombes?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Coombes. In Coombes, this sale price works out to be £306,975. As an example, a factor like population growth over the last 10 years which works out to be 5% in Coombes and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£386,659|
|Average sold price (semi-detached)||£312,652|
|Average sold price (terraced)||£282,416|
|Average sold price (flat)||£181,379|
Above, the exact type of house is also shown to vary in price in a table in Coombes. 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||£3,590|
|Average sold price/sqft (new build)||£3,190|
|Average sold price/sqft (old stock)||£3,520|
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 Coombes which is £3,590. 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.
Asking price in Coombes for a house for sale
Average price of houses for sale in Coombes
|Average asking price (1 bed)||£197,188|
|Average asking price (2 bed)||£345,000|
|Average asking price (3 bed)||£393,728|
|Average asking price (4 bed)||£483,095|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Coombes is £0. This should show you the general prices overall and for individual types of houses too.
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 Coombes is £370,424.
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 Coombes is useful when negotiating and knowing what to expect for every type of house for sale.
Why you should consider the average rental yield when searching for houses for sale in Coombes
Are there new houses being built in Coombes to make it grow?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Coombes that shows the growth in recent years.
|1 year||3 years||5 years|
|Coombes growth rate||11%||22%||26%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Coombes is important.
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 Coombes this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside West Sussex 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 Coombes.
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)|
|Coombes||no relevant data for this city||no relevant data for this city||no relevant data for this city||20.0%|
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 Coombes.
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 (24) will be useful.
What are the demographics like in the city of Coombes?
What salary does the community in Coombes take home?
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 Coombes, the average income is £39,100. 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 15% to decide on what the demographics are like in the area.
Have the people of Coombes grown in numbers?
In total, the number of people in Coombes is 27,279. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Coombes, depending on where exactly you are.
How has Coombes changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Coombes has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Coombes?
5% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Coombes have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
How deprived is the population of Coombes?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Coombes, currently, 27% 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.
In Coombes, what is the social grade score?
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 Coombes, the percentage of people in the two highest categories, A and B is 15%. 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 £39,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).
In the city of Coombes, is there a lot of green space?
In the city of Coombes, there are 3.1 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 Coombes is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
For the city of Coombes, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Coombes is 17%. 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 Coombes is £39,100.
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 Coombes, what is the crime rate?
In Coombes, for every 1000 people, there is currently a crime rate of 73. 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 (73 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.
The city of Coombes, situated in West Sussex, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Coombes 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 Coombes. So, taking a good look at the data is essential to understand the area you are considering to buy in.