Whenever looking for a house for sale in the UK or in Iver, it is vital you look at the market trends and house price fluctuations in the wider area of Buckinghamshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Iver.
In this article, we will be looking at the city of Iver in detail so you know how to navigate the area and have a better understanding on where to invest.
Why you should consider the average rental yield when searching for houses for sale in Iver
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 Iver. 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 Iver.
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 (Buckinghamshire), a regional level (South East) and finally on the level of the city talked about in this article, Iver.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Iver||3.1%||£1,538||no relevant data for this city||16.0%|
You may also find it useful to compare the data above to the number of properties sold per month Iver experiences. This figure for house sales per month is 10. 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 Iver?
Before committing to Iver 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|
|Iver growth rate||6%||11%||13%|
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 Iver is building housing to find your answer.
Are there any important statistics about the population of Iver?
How much green space is available to residents of Iver?
Whether you view green space in Iver as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Iver, the number of acres of green space for every 1000 people currently is 117.3 which can be measured against the UK average of 1.7.
What salary does the community in Iver take home?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Iver. Compare the area’s average household income of £54,500 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 29% for more conclusive data on the affluence of the area.
What does the population of Iver 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 Iver if 11,149 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 Iver such as rental yield or house appreciation.
How has the population size of Iver adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Iver 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 Iver?
In the last decade, the population of Iver has been adjusted by 9%. 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.
Are the deprivation levels of the UK any different to Iver?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Iver, currently, 23% 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 general, do people commit a lot of crime in Iver?
Within Iver, the number of people committing crimes is 107 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 107 figure carefully.
What is a social grade score and how does this relate to Iver?
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 Iver in grades A or B which are the highest skilled roles in the country is 29%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £54,500 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 29%.
Is the education level of Iver important when buying a house?
In the city of Iver, 27% 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 Iver is £54,500.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Located in Buckinghamshire is the city of Iver, 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 Iver 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 Iver 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.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Iver?
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 is the asking price on average of houses for sale in Iver?
The average asking price for the houses for sale in the city of Iver
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£360,905|
|Average asking price (3 bed)||£544,667|
|Average asking price (4 bed)||£762,692|
|Average asking price (5 bed)||no relevant data for this city|
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 Iver is the right area to buy a house in for you.
On average, in Iver, the asking price for a house for sale in the area is £592,777.
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 Iver. 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.
Invest in houses for sale in Iver with the right professional advice
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.
In general, what do houses for sale sell for in Iver?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Iver. In Iver, this sale price works out to be £503,273. As an example, a factor like population growth over the last 10 years which works out to be 9% in Iver and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£813,793|
|Average sold price (semi-detached)||£508,240|
|Average sold price (terraced)||£393,916|
|Average sold price (flat)||£293,683|
Above, the exact type of house is also shown to vary in price in a table in Iver. 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||£5,000|
|Average sold price/sqft (new build)||£4,590|
|Average sold price/sqft (old stock)||£4,960|
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 Iver which is £5,000. 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.
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Iver.
Reading these analysis will help you evaluate the different houses for sale currently listed in South East:
- Bells-Yew-Green in South East
- Acol in South East
- Langney in South East
- Chelwood-Gate in South East
- Chestfield in South East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.