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How much does a house for sale cost in Eastington?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ How much does a house for sale cost in Eastington?

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

What kind of demographics does the city of Eastington have?

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

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 Eastington 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 Eastington, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 26%.

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

How much green space is available to residents of Eastington?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Eastington currently has 11.6 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Eastington in this case.

Eastington within Gloucestershire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Eastington 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 Eastington.

How much do people in Eastington 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 Eastington this figure is 26%.

Have the people of Eastington grown in numbers?

The city of Eastington has a total population of 13,780. 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 Eastington 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 Eastington

Over time, in the last five years, the population of the city of Eastington has changed by 4%. 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 4% 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 Eastington?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Eastington 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 Eastington deprived?

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 Eastington is 22%.

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

In the city of Eastington, 26% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Eastington is £42,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

What’s the crime rate in Eastington?

In Eastington, for every 1000 people, there is currently a crime rate of 80. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (80 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

In Eastington, what is the asking price in general for a house for sale?

Table showing the asking prices for houses for sale in Eastington

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £235,263
Average asking price (3 bed) £353,407
Average asking price (4 bed) £470,231
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Eastington and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

On average, in Eastington, the asking price for a house for sale in the area is £362,228.

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 Eastington. 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.

Why you should consider the average rental yield when searching for houses for sale in Eastington

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 Eastington this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Gloucestershire 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 Eastington.

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)
Eastington no relevant data for this city no relevant data for this city no relevant data for this city 20.0%
Gloucestershire 3.43% £1,098 129.75% 16.64%
South West 3.57% £1,079 132.66% 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 Eastington.

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 (15) will be useful.

Is the housing market in Eastington 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 Eastington at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Eastington growth rate 2% 12% 22%

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 Eastington 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 Eastington.

In Eastington, what do houses for sale tend to sell for?

For the city of Eastington, the average price a house sells for is £286,936. This value usually depends on the exact location of the house within Eastington as well as other factors like the population growth in Eastington which is 8% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £385,505
Aerage sold price (semi-detached) £255,777
Aerage sold price (terraced) £218,481
Aerage sold price (flat) £151,544

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 Eastington.

Housing category Sale price per square foot
Aerage sold price/sqft £2,870
Aerage sold price/sqft (new build) £2,950
Aerage sold price/sqft (old stock) £2,720

Generalising the bottom table, the average value per square foot of a house for sale is £2,870. This value averages all of the types of houses for sale in Eastington. 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 Eastington.

Who can help you buy a house for sale in Eastington?

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

Thinking about other cities with houses for sale?

Examine this short list of cities belonging to South West, the same region where Eastington is located.

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.

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Eastington?
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.

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