Freefolk might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Hampshire.
Before looking for a house for sale in the city of Freefolk we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Freefolk.
Other cities you can consider looking for with houses for sale
See here below a list of cities in the same UK region of Freefolk which is South East. You might want to consider these as alternatives for your next real estate investment:
- Boughton-Green in South East
- Aynho in South East
- Bierley in South East
- Bexhill in South East
- Ampthill in South East
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
What are the people like in Freefolk?
The city of Freefolk, 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 Freefolk 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 Freefolk. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much green space is available to residents of Freefolk?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Freefolk currently has 56.6 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Freefolk in this case.
What is a social grade score and how does this relate to Freefolk?
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 Freefolk in grades A or B which are the highest skilled roles in the country is 37%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £56,300 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 37%.
Are the people of Freefolk deprived?
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 15% for Freefolk should give you a nice idea of the deprivation in the area.
How much do people in Freefolk 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 £56,300.
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 Freefolk this figure is 37%.
How educated are the people in Freefolk?
Interestingly, the percentage of people who have a degree in the city of Freefolk is 34%. 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 Freefolk is £56,300.
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.
What’s the crime rate in Freefolk?
For the city of Freefolk, crime rate is at 47. So for every 1000 people in the area, 47 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 does the population of Freefolk 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 Freefolk if 5,766 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 Freefolk such as rental yield or house appreciation.
How has the population size of Freefolk adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Freefolk by 2%. 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 2% 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 Freefolk?
In the last decade, the population of Freefolk has been adjusted by 7%. 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.
A house for sale appropriate to your needs
When browsing houses for sale in Freefolk 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 – 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
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 asking prices for the houses for sale in the city of Freefolk?
On average, in Freefolk, the asking price for a house for sale in the area is £400,650.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Freefolk. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Average prices for the houses for sale in Freefolk
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£328,745|
|Average asking price (3 bed)||£418,462|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Freefolk, 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 £0 will help them to have a more holistic understanding.
Invest in houses for sale in Freefolk with the right professional advice
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
Always consider average rental yield when searching for houses for sale in Freefolk
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Freefolk. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Freefolk.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Hampshire), a regional level (South East) and finally on the level of the city talked about in this article, Freefolk.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Freefolk||no relevant data for this city||no relevant data for this city||no relevant data for this city||25.0%|
You may also find it useful to compare the data above to the number of properties sold per month Freefolk experiences. This figure for house sales per month is 6. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What is the growth in the housing market of Freefolk?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Freefolk at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Freefolk growth rate||6%||17%||37%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Freefolk gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Freefolk.
In general, what do houses for sale sell for in Freefolk?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Freefolk. In Freefolk, this sale price works out to be £375,995. As an example, a factor like population growth over the last 10 years which works out to be 7% in Freefolk and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£529,537|
|Average sold price (semi-detached)||£342,590|
|Average sold price (terraced)||£293,843|
|Average sold price (flat)||£160,635|
Above, the exact type of house is also shown to vary in price in a table in Freefolk. 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||£3,640|
|Average sold price/sqft (new build)||£3,750|
|Average sold price/sqft (old stock)||£3,500|
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 Freefolk which is £3,640. 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.