Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Lytchett Matravers, Dorset.
From the average asking price of houses for sale in Lytchett Matravers to the growth of the population in the area, all will be talked about regarding the city of Lytchett Matravers. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
How are rental yields of the houses for sale different to the rest of the UK in Lytchett Matravers?
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 Lytchett Matravers. 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 Lytchett Matravers.
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 (Dorset), a regional level (South West) and finally on the level of the city talked about in this article, Lytchett Matravers.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Lytchett Matravers||no relevant data for this city||no relevant data for this city||no relevant data for this city||18.0%|
You may also find it useful to compare the data above to the number of properties sold per month Lytchett Matravers 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.
What is the growth in the housing market of Lytchett Matravers?
The growth of an area like Lytchett Matravers can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Lytchett Matravers growth rate||11%||20%||25%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Lytchett Matravers if you want to find out the exact reasons for the housing change.
What are the people like in Lytchett Matravers?
Are the people in Lytchett Matravers earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (17%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Lytchett Matravers, this works out to be £40,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the population of Lytchett Matravers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Lytchett Matravers if 15,430 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 Lytchett Matravers such as rental yield or house appreciation.
How has the population size of Lytchett Matravers adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Lytchett Matravers by 2%. 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 2% 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 Lytchett Matravers?
In the last decade, the population of Lytchett Matravers has been adjusted by 5%. 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.
Are the people of Lytchett Matravers deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Lytchett Matravers, in particular, the deprivation levels are 23%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Do the people of Lytchett Matravers get to enjoy green space?
Whether you view green space in Lytchett Matravers 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 Lytchett Matravers, the number of acres of green space for every 1000 people currently is 23.8 which can be measured against the UK average of 1.7.
What’s a social grade score and how does it relate to Lytchett Matravers?
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 Lytchett Matravers, 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 £40,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (17%).
Is the education level of Lytchett Matravers important when buying a house?
In Lytchett Matravers, the proportion of people who have a degree is 20%. 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 Lytchett Matravers is £40,400.
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.
Located in Dorset is the city of Lytchett Matravers, 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 Lytchett Matravers 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 Lytchett Matravers 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.
What’s crime like in Lytchett Matravers?
For every one thousand people living in Lytchett Matravers, 77 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 77 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.
What is the final sale price of a house in Lytchett Matravers?
As well as looking at the asking price for house for sale in Lytchett Matravers, 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 Lytchett Matravers.
Houses for sale, are sold on average in Lytchett Matravers, after the influence of these factors, at £294,453 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 5% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£385,285|
|Aerage sold price (semi-detached)||£272,907|
|Aerage sold price (terraced)||£244,675|
|Aerage sold price (flat)||£171,705|
This table above shows the average sale price for each variation of houses for sale in Lytchett Matravers.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,320|
|Aerage sold price/sqft (new build)||£3,210|
|Aerage sold price/sqft (old stock)||£3,220|
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 Lytchett Matravers is £3,320.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the asking prices for the houses for sale in the city of Lytchett Matravers?
When investors make offers for houses for sale in Lytchett Matravers, the average price asked by the homeowners works out to be £375,325.
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 Lytchett Matravers 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.
Average asking prices for houses for sale in Lytchett Matravers
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£276,939|
|Average asking price (3 bed)||£364,021|
|Average asking price (4 bed)||£545,934|
|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 Lytchett Matravers is the right area to buy a house in for you.
Invest in houses for sale in Lytchett Matravers with the right professional advice
House for sale in the same UK region
Examine this short list of cities belonging to South West, the same region where Lytchett Matravers is located.
- Ashwater in South West
- Babcary in South West
- Bolingey in South West
- Almer in South West
- Exeter 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.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Lytchett Matravers.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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