Ashcombe can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Ashcombe.
On top of this, keep reading for detailed information on the demographics of Ashcombe in Devon. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Ashcombe, what is the asking price in general for a house for sale?
Average asking prices for houses for sale in Ashcombe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£190,831|
|Average asking price (3 bed)||£341,108|
|Average asking price (4 bed)||£491,936|
|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 Ashcombe is the right area to buy a house in for you.
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 Ashcombe 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 £298,135.
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 Ashcombe.
Always consider average rental yield when searching for houses for sale in Ashcombe
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Ashcombe to Devon and the broader suburb of the UK; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ashcombe||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
Let’s assume you want to sell the house you’re looking to buy in Ashcombe for profit in the future, in this case, looking at the data for the number of houses sold per month in Ashcombe would give you an idea of whether the area is actively getting new investors. This figure is 9.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Ashcombe. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Is the housing market in Ashcombe growing?
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 Ashcombe at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Ashcombe growth rate||1%||5%||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 Ashcombe 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 Ashcombe.
What are the demographics like in the city of Ashcombe?
Is there sufficient green space in Ashcombe?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Ashcombe, the city has 19.6 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Ashcombe.
What is a social grade score and how does this relate to Ashcombe?
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 Ashcombe, the percentage of people in the two highest categories, A and B is 17%. 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 £37,000. This income will generally get bigger as the percentage of people in the A and B categories go up too (17%).
Is the crime rate bad in the city of Ashcombe?
Within Ashcombe, the number of people committing crimes is 73 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 73 figure carefully.
What is the population of Ashcombe?
In total, the number of people in Ashcombe is 12,502. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Ashcombe, depending on where exactly you are.
How has Ashcombe changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Ashcombe has changed by 5%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Ashcombe?
9% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Ashcombe have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
How much are those living in Ashcombe earning?
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 Ashcombe. Compare the area’s average household income of £37,000 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 17% for more conclusive data on the affluence of the area.
Located in Devon is the city of Ashcombe, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Ashcombe has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Ashcombe which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Are the people of Ashcombe 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 28% for Ashcombe should give you a nice idea of the deprivation in the area.
What is the education level like in Ashcombe?
In the city of Ashcombe, 24% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Ashcombe is £37,000.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In general, for the city of Ashcombe, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Ashcombe, 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 Ashcombe.
Houses for sale, are sold on average in Ashcombe, after the influence of these factors, at £245,367 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)||£345,539|
|Aerage sold price (semi-detached)||£235,950|
|Aerage sold price (terraced)||£196,316|
|Aerage sold price (flat)||£121,464|
This table above shows the average sale price for each variation of houses for sale in Ashcombe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,610|
|Aerage sold price/sqft (new build)||£2,850|
|Aerage sold price/sqft (old stock)||£2,480|
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 Ashcombe is £2,610.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.