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 Adsborough, Somerset.
From the average asking price of houses for sale in Adsborough to the growth of the population in the area, all will be talked about regarding the city of Adsborough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Adsborough?
Table showing the asking prices for houses for sale in Adsborough
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£208,332|
|Average asking price (3 bed)||£280,702|
|Average asking price (4 bed)||£406,446|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,720. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Adsborough has a lack of supply of housing in certain categories.
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 Adsborough 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 £297,890.
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 Adsborough.
What are the demographics like in the city of Adsborough?
What is the social grade score of Adsborough?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Adsborough compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Adsborough, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 19%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
The city of Adsborough, situated in Somerset, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Adsborough and its demographics will be compared to its wider location (South West). 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 Adsborough. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How deprived is the population of Adsborough?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Adsborough, currently, 22% 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.
Do the people of Adsborough get to enjoy green space?
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 Adsborough currently has 6.3 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 Adsborough in this case.
Are the people in Adsborough earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Adsborough, the average income is £39,600. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 19% to decide on what the demographics are like in the area.
In general, do people commit a lot of crime in Adsborough?
Within Adsborough, the number of people committing crimes is 95 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 95 figure carefully.
In Adsborough, how has the population changed?
Population growth in Adsborough is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Adsborough, 26,639 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Adsborough in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Adsborough, this change has been 5%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Adsborough?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 7% in Adsborough.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Adsborough, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 24%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,600 is the amount people in Adsborough are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Adsborough, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Why you should consider the average rental yield when searching for houses for sale in Adsborough
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 Adsborough. 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 Adsborough.
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 (Somerset), a regional level (South West) and finally on the level of the city talked about in this article, Adsborough.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Adsborough||3.7%||£928||no relevant data for this city||32.0%|
You may also find it useful to compare the data above to the number of properties sold per month Adsborough experiences. This figure for house sales per month is 34. 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.
In Adsborough, how has the number of houses changed?
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 Adsborough at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Adsborough growth rate||4%||15%||23%|
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 Adsborough 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 Adsborough.
In general, what do houses for sale sell for in Adsborough?
As well as looking at the asking price for house for sale in Adsborough, 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 Adsborough.
Houses for sale, are sold on average in Adsborough, after the influence of these factors, at £232,351 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 7% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£334,037|
|Aerage sold price (semi-detached)||£230,438|
|Aerage sold price (terraced)||£189,783|
|Aerage sold price (flat)||£119,105|
This table above shows the average sale price for each variation of houses for sale in Adsborough.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,470|
|Aerage sold price/sqft (new build)||£2,590|
|Aerage sold price/sqft (old stock)||£2,320|
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 Adsborough is £2,600.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Professional advice for houses for sale in Adsborough
House for sale in the same UK region
Below are a list of towns with a similar location to Adsborough.
Reading these analysis will help you evaluate the different houses for sale currently listed in South West:
- Cheltenham in South West
- Barnstaple in South West
- Barton in South West
- Yeovil in South West
- Blagdon in South West
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.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Adsborough.
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.