As a landlord, whenever you are looking at houses for sale in Dorset, you could find varying prices throughout an area like Affpuddle. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Affpuddle to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Affpuddle will be revealed. Keep reading.
What kind of demographics does the city of Affpuddle have?
What is the population of Affpuddle?
The city of Affpuddle has a total population of 24,674. 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 Affpuddle 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 Affpuddle
Over time, in the last five years, the population of the city of Affpuddle has changed by 2%. 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 2% 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 Affpuddle?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Affpuddle 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.
How much do people in Affpuddle 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 £44,400.
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 Affpuddle this figure is 28%.
What is the social grade score of Affpuddle?
In the city of Affpuddle, the social grade score of the area is 28%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Affpuddle.
|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|
Are the people of Affpuddle deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Affpuddle, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Affpuddle, what is the crime rate?
Within Affpuddle, the number of people committing crimes is 45 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 45 figure carefully.
In the city of Affpuddle, is there a lot of green space?
In the city of Affpuddle, there are 22.8 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Affpuddle is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In the city of Affpuddle, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Dorset for example.
These demographics for Affpuddle may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Affpuddle in South West.
How educated are the people in Affpuddle?
Interestingly, the percentage of people who have a degree in the city of Affpuddle is 33%. 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 Affpuddle is £44,400.
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.
In general, for the city of Affpuddle, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Affpuddle, 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 Affpuddle.
Houses for sale, are sold on average in Affpuddle, after the influence of these factors, at £341,230 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 4% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£436,101|
|Aerage sold price (semi-detached)||£296,304|
|Aerage sold price (terraced)||£252,497|
|Aerage sold price (flat)||£175,150|
This table above shows the average sale price for each variation of houses for sale in Affpuddle.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,970|
|Aerage sold price/sqft (new build)||£3,170|
|Aerage sold price/sqft (old stock)||£2,850|
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 Affpuddle is £2,970.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
On average, what is the figure for the asking price of a house for sale in Affpuddle?
Average asking prices for houses for sale in Affpuddle
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£299,286|
|Average asking price (3 bed)||£430,510|
|Average asking price (4 bed)||£627,069|
|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 Affpuddle is the right area to buy a house in for you.
On average, in Affpuddle, the asking price for a house for sale in the area is £451,111.
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 Affpuddle. 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.
How are rental yields of the houses for sale different to the rest of the UK in Affpuddle?
Are there new houses being built in Affpuddle 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 Affpuddle at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Affpuddle growth rate||no relevant data for this city||16%||19%|
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 Affpuddle 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 Affpuddle.
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 Affpuddle. 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 Affpuddle.
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 (Dorset), a regional level (South West) and finally on the level of the city talked about in this article, Affpuddle.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Affpuddle experiences. This figure for house sales per month is 19. 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.
Invest in houses for sale in Affpuddle with the right professional advice
Other cities you can consider looking for with houses for sale
You can assess the various houses for sale offered in the area by consulting this list of cities in South West, the same UK region as Affpuddle:
- Affpuddle in South West
- Gloweth in South West
- Barton-End in South West
- Laverstock in South West
- Fraddon in South West
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
A house for sale appropriate to your needs
When browsing houses for sale in Affpuddle 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.
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