We help you find the right agent
At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Abbotts Ann to help you find the perfect agent for you
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 Abbotts Ann, Hampshire.
From the average asking price of houses for sale in Abbotts Ann, to the growth of the population in the area, all will be talked about regarding the city of Abbotts Ann. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Abbotts Ann, what are the rental yields?
What is the growth in the housing market of Abbotts Ann?
Before committing to Abbotts Ann 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 | |
---|---|---|---|
Abbotts Ann growth rate | 16% | 27% | 26% |
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 Abbotts Ann is building housing to find your answer.
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 Abbotts Ann, 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 Hampshire, to give a smaller scale area to compare the data to.
Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
---|---|---|---|---|
Abbotts Ann | £0 | £1,309 | £1 | £0 |
Hampshire | 3.67% | £1,198.75 | 129.21% | 20.71% |
South West | 0.04 | 1,078.69 | £1 | 17.35% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Abbotts Ann you might be interested in the number of sales per month (27) that happen in the local housing market. Comparing this figure for Abbotts Ann with the above table gives you a good understanding of the profitability of the area.
In Abbotts Ann, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Abbotts Ann, 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 Abbotts Ann.
Houses for sale, are sold on average in Abbotts Ann, after the influence of these factors, at £302,638 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 9% over the last 10 years.
Housing category | Total final sale price |
---|---|
Aerage sold price (detached) | £411,457 |
Aerage sold price (semi-detached) | £274,698 |
Aerage sold price (terraced) | £256,014 |
Aerage sold price (flat) | £163,127 |
This table above shows the average sale price for each variation of houses for sale in Abbotts Ann.
Housing category | Sale price per square foot |
---|---|
Aerage sold price/sqft | £2,980 |
Aerage sold price/sqft (new build) | £2,870 |
Aerage sold price/sqft (old stock) | £2,950 |
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 Abbotts Ann is £3,220.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the demographics like in the city of Abbotts Ann?
How much do people in Abbotts Ann 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 Abbotts Ann. Compare the area’s average household income of £53,100.00 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 30% for more conclusive data on the affluence of the area.
In the city of Abbotts Ann, is there a lot of green space?
Whether you view green space in Abbotts Ann 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 Abbotts Ann, the number of acres of green space for every 1000 people currently is 27 which can be measured against the UK average of 1.7.
Is the city of Abbotts Ann 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 Abbotts Ann 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.
What is the population of Abbotts Ann?
The city of Abbotts Ann has a total population of 23377. 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 Abbotts Ann 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 Abbotts Ann
Over time, in the last five years, the population of the city of Abbotts Ann 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 Abbotts Ann?
In the last 10 years, there has been a shift in the population of 9%.
Comparing this to the 5 year figure of Abbotts Ann 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.
In Abbotts Ann, what is the crime rate?
Within Abbotts Ann, the number of people committing crimes is 8100% 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 8100% figure carefully.
For the city of Abbotts Ann, what is the education level?
In the city of Abbotts Ann, 25% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Abbotts Ann is £53,100.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What is the city of Abbotts Ann’s social grade score?
In the city of Abbotts Ann and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Abbotts Ann has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 30%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
Social Score | Category | The proportion of the UK population (%) |
---|---|---|
A | Professional, managerial or administrative | 4 |
B | Intermediate managerial or professional jobs | 23 |
C1 | Supervisory, junior managerial or professional jobs | 29 |
C2 | Skilled manual workers | 21 |
D | Semi and unskilled manual workers | 15 |
E | State pensioners, casual & lowest grade workers | 8 |
Abbotts Ann in the county of Hampshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Abbotts Ann is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Abbotts Ann, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Abbotts Ann.
Here below are the most important ones according to Lofti’s expertise:
-
Affordability – (see what house for sale can you afford?)
A guide from the UK government
-
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
-
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
-
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
-
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
-
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
-
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
-
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
houses for sale in other cities and regions in the UK
If you are looking for a list of cities that are different to the City of Abbotts Ann and in different UK region to South West. You might want to consider these as alternatives for your next real estate investment:
- bedford in South West
- arborfield in South West
- aston-sandford in South West
- alva in South West
- horsehay in South West
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
What is the asking price on average of houses for sale in Abbotts Ann?
Average prices for the houses for sale in Abbotts Ann
Average asking price (1 bed) | no relevant data for this city |
Average asking price (2 bed) | £263,411 |
Average asking price (3 bed) | £365,382 |
Average asking price (4 bed) | £545,207 |
Average asking price (5 bed) | £1,010,313 |
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 (£3,460) for houses for sale with this table to get a good idea as to whether Abbotts Ann is the right area to buy a house in for you.
When speaking about the city of Abbotts Ann, £417,601 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 in Abbotts Ann would be after a larger house than someone living alone.
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.
Who can help you buy a house for sale in Abbotts Ann?
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.
0 Comments