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Andover – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ Andover – What to look for in houses for sale?

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As a landlord, whenever you are looking at houses for sale in Hampshire, you could find varying prices throughout an area like Andover. 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 Andover 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 Andover will be revealed. Keep reading.

In general, what do houses for sale sell for in Andover?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Andover. In Andover, this sale price works out to be £262,509. As an example, a factor like population growth over the last 10 years which works out to be 10% in Andover and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £388,859
Average sold price (semi-detached) £269,663
Average sold price (terraced) £220,105
Average sold price (flat) £154,069

Above, the exact type of house is also shown to vary in price in a table in Andover. 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 £2,910
Average sold price/sqft (new build) £3,480
Average sold price/sqft (old stock) £2,840

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 Andover which is £2,910. 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.

Always consider average rental yield when searching for houses for sale in Andover

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Andover this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Hampshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Andover.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Andover £0 £882 £1 £0
Hampshire 3.67% £1,198.75 129.21% 20.71%
South West 0.04 1,078.69 £1 17.35%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Andover.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (31) will be useful.

What is the growth in the housing market of Andover?

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 Andover at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Andover growth rate -1% 6% 9%

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 Andover 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 Andover.

What is the asking price on average of houses for sale in Andover?

Average price of houses for sale in Andover

Average asking price (1 bed) £150,833
Average asking price (2 bed) £238,731
Average asking price (3 bed) £312,261
Average asking price (4 bed) £483,095
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Andover, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

When investors make offers for houses for sale in Andover, the average price asked by the homeowners works out to be £305,335.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Andover is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Professional advice for houses for sale in Andover

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale that is right for you

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Andover.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Are you considering other cities with houses for sale?

Below is a list of towns that differ from Andover.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

In Andover, what are the demographics like?

In the city of Andover, is there a lot of green space?

In the city of Andover, there are 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 Andover is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

How much do people in Andover 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 Andover. Compare the area’s average household income of £49,000.00 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 0.21 for more conclusive data on the affluence of the area.

Have the people of Andover grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Andover if 40475 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 Andover such as rental yield or house appreciation.

How has the population size of Andover adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Andover by 5%. 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 5% 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 Andover?

In the last decade, the population of Andover has been adjusted by 10%. 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.

How deprived is the population of Andover?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Andover is £0.

For the city of Andover, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 20%. The ability to buy a home is greatly influenced by the number of people who have degrees. £49,000.00 is the amount people in Andover 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 Andover, 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.

What is a social grade score and how does this relate to Andover?

In the city of Andover 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 Andover has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 0.21.

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

Andover 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 Andover 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 Andover, 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.

What’s crime like in Andover?

For every one thousand people living in Andover, 110 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 110 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Frequently Asked Questions (FAQ)

Do properties in Andover have the potential for renovation?

Properties in the city of Andover may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 14 approvals every month with an approval of nan based on a population of 40475. Compare other places in the UK to make this figure make more sense.

In Andover, how many property sales per month are there?

The city of Andover sees around 31 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What is the population change each year in a city like Andover?

To assess the shifts in Andover’s population over time, analyse how the population has altered. Look at the ten year change of population of 10%, alongside the five-year change of 5%.

What are the asking rates for houses for sale in the surrounding area of Andover?

The current average price per square foot for a house in Andover stands at £0, considering the mean cost for each square foot of houses for sale there.

Is a house for sale in Andover an expensive choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Andover, this value is £262,509, compared to the UK’s average of £286,500.

Who are the best estate agents in the city of Andover?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Andover below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Name of the Agent Phone Number Address Email Address
Austin Hawk 441264726329 1-2 Swan Court, SP10 1EZ, Andover, SP10 1EZ Phone number only
Graham & Co 441264573392 13 London Street, Andover, SP10 2NU Phone number only
Ashwells Estate Agents 441264710776 Suite 520, Andoevr House George Yard , Andover #520 Nadia Sears (nadia@ashwellsestateagents.co.uk)
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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