Whenever looking for a house for sale in the UK or in Avonmouth, it is vital you look at the market trends and house price fluctuations in the wider area of Somerset too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Avonmouth.
In this article, we will be looking at the city of Avonmouth in detail so you know how to navigate the area and have a better understanding on where to invest.
In Avonmouth, what is the asking price in general for a house for sale?
In the city of Avonmouth, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £230,236 |
| Average asking price (3 bed) | £312,756 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Avonmouth, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
When investors make offers for houses for sale in Avonmouth, the average price asked by the homeowners works out to be £296,337.
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 Avonmouth 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.
What’s the rental yield in general for the city of Avonmouth?
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 Avonmouth. 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 Avonmouth.
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, Avonmouth.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Avonmouth | no relevant data for this city | no relevant data for this city | no relevant data for this city | 21.0% |
| Somerset | 3.77% | £1,175 | 138.81% | 20.04% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
You may also find it useful to compare the data above to the number of properties sold per month Avonmouth experiences. This figure for house sales per month is 12. 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 Avonmouth, 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 Avonmouth at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Avonmouth growth rate | 3% | 21% | 30% |
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 Avonmouth 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 Avonmouth.
In general, what do houses for sale sell for in Avonmouth?
For the city of Avonmouth, the average price a house sells for is £232,044. This value usually depends on the exact location of the house within Avonmouth as well as other factors like the population growth in Avonmouth which is 10% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £398,923 |
| Aerage sold price (semi-detached) | £233,284 |
| Aerage sold price (terraced) | £232,774 |
| Aerage sold price (flat) | £161,396 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Avonmouth.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,740 |
| Aerage sold price/sqft (new build) | £2,640 |
| Aerage sold price/sqft (old stock) | £2,640 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,740. This value averages all of the types of houses for sale in Avonmouth. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Avonmouth.
What are the demographics like in the city of Avonmouth?
How much green space is available to residents of Avonmouth?
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 Avonmouth, the city has 28.8 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 Avonmouth.
Avonmouth within Somerset is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Avonmouth will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Avonmouth.
What is the city of Avonmouth’s social grade score?
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 Avonmouth 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 Avonmouth, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 10%.
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 |
In Avonmouth, how has the population changed?
The city of Avonmouth has a total population of 17,395. 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 Avonmouth 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 Avonmouth
Over time, in the last five years, the population of the city of Avonmouth has changed by 3%. 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 3% 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 Avonmouth?
In the last 10 years, there has been a shift in the population of 10%.
Comparing this to the 5 year figure of Avonmouth 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.
Are the people of Avonmouth 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 33% for Avonmouth should give you a nice idea of the deprivation in the area.
Is the education level of Avonmouth important when buying a house?
In Avonmouth, the proportion of people who have a degree is 14%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Avonmouth is £37,100.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In Avonmouth, what is the crime rate?
Within Avonmouth, the number of people committing crimes is 153 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 153 figure carefully.
How much do people in Avonmouth earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£37,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 10% for Avonmouth.
Get professional help on the houses for sale in Avonmouth
Choose the right house for sale that suits your needs
When browsing houses for sale in Avonmouth 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.
houses for sale in other cities in the UK
Examine this short list of cities belonging to South West, the same region where Avonmouth is located.
- Alton-Barnes in South West
- Devonport in South West
- Bissoe in South West
- Mudford in South West
- Aldbourne in South West
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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
Recent Comments