Ashburton might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Devon.
Before looking for a house for sale in the city of Ashburton we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Ashburton.
Are there any important statistics about the population of Ashburton?
What is the population of Ashburton?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Ashburton if 22,789 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 Ashburton such as rental yield or house appreciation.
How has the population size of Ashburton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Ashburton 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 Ashburton?
In the last decade, the population of Ashburton has been adjusted by 8%. 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.
In the city of Ashburton, 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 Devon for example.
These demographics for Ashburton 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 Ashburton in South West.
What is a social grade score and how does this relate to Ashburton?
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 Ashburton, the percentage of people in the two highest categories, A and B is 30%. 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 £42,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (30%).
How much green space is available to residents of Ashburton?
Whether you view green space in Ashburton 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 Ashburton, the number of acres of green space for every 1000 people currently is 32.6 which can be measured against the UK average of 1.7.
What’s the crime rate in Ashburton?
The crime rate of Ashburton must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 36, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (36) is both useful and is recommended to be compared to the average.
How educated are the people in Ashburton?
Interestingly, the percentage of people who have a degree in the city of Ashburton is 28%. 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 Ashburton is £42,500.
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.
How much do people in Ashburton 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 £42,500.
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 Ashburton this figure is 30%.
Is the city of Ashburton deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 21% for Ashburton should give you a nice idea of the deprivation in the area.
How are rental yields of the houses for sale different to the rest of the UK in Ashburton?
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 Ashburton, 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)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Ashburton you might be interested in the number of sales per month (18) that happen in the local housing market. Comparing this figure for Ashburton with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Ashburton to make it grow?
Before committing to Ashburton 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|
|Ashburton growth rate||-1%||15%||20%|
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 Ashburton is building housing to find your answer.
What are the asking prices for the houses for sale in the city of Ashburton?
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 Ashburton 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 £381,425.
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 Ashburton.
Table showing the asking prices for houses for sale in Ashburton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£270,567|
|Average asking price (3 bed)||£339,686|
|Average asking price (4 bed)||£555,976|
|Average asking price (5 bed)||£685,650|
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 (£3,380) for houses for sale with this table to get a good idea as to whether Ashburton is the right area to buy a house in for you.
In general, what do houses for sale sell for in Ashburton?
In Ashburton, the average sale price of a house for sale is in fact £306,254. This is dependent on the 10 year population growth of Ashburton being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ashburton.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£409,496|
|Aerage sold price (semi-detached)||£263,190|
|Aerage sold price (terraced)||£225,182|
|Aerage sold price (flat)||£161,959|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Ashburton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,920|
|Aerage sold price/sqft (new build)||£2,960|
|Aerage sold price/sqft (old stock)||£2,820|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £3,150. This means if you are just looking out the houses sold in Ashburton in general and didn’t take into consideration the type of build. For example, a new build.
Invest in houses for sale in Ashburton with the right professional advice
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Ashburton?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
houses for sale in other cities in the UK
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 Ashburton:
- Barripper in South West
- Barbrook in South West
- Swindon in South West
- Cheddar in South West
- Crugmeer in South West
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK