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 Farnborough, Berkshire.
From the average asking price of houses for sale in Farnborough, to the growth of the population in the area, all will be talked about regarding the city of Farnborough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Advice from experts on properties for sale in Farnborough
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.
House for sale in a different UK region
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 Farnborough:
- bryn in South East
- alderholt in South East
- hackney in South East
- herston in South East
- aberbargoed in South East
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
Why you should consider the average rental yield when searching for houses for sale in Farnborough
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Farnborough.
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 (Berkshire) as well as the broader region; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Also, you can compare other data to the table above such as the number of houses sold per month in Farnborough which is 19 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 Farnborough is to invest in. Both in terms of rental yield and capital appreciation.
Is the housing market in Farnborough growing?
Whenever you are thinking about looking for houses for sale in Farnborough, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Farnborough growth rate||9%||12%||11%|
As the population of Farnborough grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What kind of demographics does the city of Farnborough have?
Are the deprivation levels of the UK any different to Farnborough?
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 Farnborough is £0 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.
Are the people in Farnborough 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 £57,600.00.
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 Farnborough this figure is 33%.
What’s crime like in Farnborough?
For the city of Farnborough, crime rate is at 7200%. So for every 1000 people in the area, 7200% 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 social grade score of Farnborough?
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 Farnborough in grades A or B which are the highest skilled roles in the country is 33%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £57,600.00 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 33%.
Located in Berkshire is the city of Farnborough, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Farnborough has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Farnborough which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
What does the population of Farnborough look like?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Farnborough is 25199.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Farnborough.
In Farnborough, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 9%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Farnborough is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (9%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Farnborough population difference over 10 years?
The population has adjusted in the area of Farnborough by 14% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Farnborough.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
In Farnborough, how educated are people in general?
In the city of Farnborough, 33% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Farnborough is £57,600.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is there sufficient green space in Farnborough?
In the city of Farnborough, there are 8 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 Farnborough is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In general, for the city of Farnborough, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Farnborough, 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 Farnborough.
Houses for sale, are sold on average in Farnborough, after the influence of these factors, at £331,487 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 14% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£446,091|
|Aerage sold price (semi-detached)||£314,009|
|Aerage sold price (terraced)||£269,050|
|Aerage sold price (flat)||£196,092|
This table above shows the average sale price for each variation of houses for sale in Farnborough.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,230|
|Aerage sold price/sqft (new build)||£3,340|
|Aerage sold price/sqft (old stock)||£3,140|
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 Farnborough is £3,450.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Farnborough?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
What are the asking prices for the houses for sale in the city of Farnborough?
Average prices for the houses for sale in Farnborough
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£280,645|
|Average asking price (3 bed)||£394,839|
|Average asking price (4 bed)||£533,976|
|Average asking price (5 bed)||£804,996|
After looking at this table about prices of houses for sale in Farnborough, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £3,680 will help them to have a more holistic understanding.
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 Farnborough 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 £419,131.
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 Farnborough.