Abbotsham can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Abbotsham.
On top of this, keep reading for detailed information on the demographics of Abbotsham in Devon. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What are the asking prices for the houses for sale in the city of Abbotsham?
When speaking about the city of Abbotsham, £349,789 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Abbotsham.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
In the city of Abbotsham, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £240,843 |
| Average asking price (3 bed) | £359,019 |
| Average asking price (4 bed) | £503,449 |
| Average asking price (5 bed) | £668,278 |
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 Abbotsham is £0. This should show you the general prices overall and for individual types of houses too.
What are the demographics like in the city of Abbotsham?
How much do people in Abbotsham earn?
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 Abbotsham. Compare the area’s average household income of £36,300 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 15% for more conclusive data on the affluence of the area.
Are the people of Abbotsham deprived?
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 Abbotsham is 25% 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.
What does the population of Abbotsham look like?
The city of Abbotsham has a total population of 37,175. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Abbotsham is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Abbotsham
Over time, in the last five years, the population of the city of Abbotsham has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Abbotsham?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Abbotsham can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Is there sufficient green space in Abbotsham?
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 Abbotsham, 22.1 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 Abbotsham.
What is a social grade score and how does this relate to Abbotsham?
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 Abbotsham, 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 £36,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).
What’s crime like in Abbotsham?
For the city of Abbotsham, crime rate is at 57. So for every 1000 people in the area, 57 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.
Abbotsham within Devon is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Abbotsham will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Abbotsham.
What is the education level like in Abbotsham?
In the city of Abbotsham, 22% 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 Abbotsham is £36,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Why you should consider the average rental yield when searching for houses for sale in Abbotsham
Are there new houses being built in Abbotsham to make it grow?
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 Abbotsham at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Abbotsham growth rate | 4% | 22% | 28% |
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 Abbotsham 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 Abbotsham.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Abbotsham, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Devon, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Abbotsham | 3.1% | £891 | 140% | 15.0% |
| Devon | 3.48% | £949 | 131.12% | 16.20% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Abbotsham you might be interested in the number of sales per month (37) that happen in the local housing market. Comparing this figure for Abbotsham with the above table gives you a good understanding of the profitability of the area.
In general, what do houses for sale sell for in Abbotsham?
For the city of Abbotsham, the average price a house sells for is £237,826. This value usually depends on the exact location of the house within Abbotsham as well as other factors like the population growth in Abbotsham which is 8% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £315,570 |
| Aerage sold price (semi-detached) | £221,376 |
| Aerage sold price (terraced) | £181,684 |
| Aerage sold price (flat) | £140,558 |
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 Abbotsham.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,480 |
| Aerage sold price/sqft (new build) | £2,540 |
| Aerage sold price/sqft (old stock) | £2,380 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,480. This value averages all of the types of houses for sale in Abbotsham. 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 Abbotsham.
Advice from experts on properties for sale in Abbotsham
Finding the ideal house for sale for you
When browsing houses for sale in Abbotsham you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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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.
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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.
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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
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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.
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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
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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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.
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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.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
House for sale in the same UK region
We have prepared a list of cities in South West, the same UK region of Abbotsham that can help you evaluate the different houses for sale listed in the region:
- Avonwick in South West
- Bristol in South West
- Aston-Subedge in South West
- Atherington in South West
- Fifehead-Neville in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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