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How much will you pay for a house for sale in Lytchett Matravers?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ How much will you pay for a house for sale in Lytchett Matravers?

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Lytchett Matravers 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 Lytchett Matravers.

On top of this, keep reading for detailed information on the demographics of Lytchett Matravers in Dorset. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

houses for sale in other cities and regions in the UK

If you are looking for a list of cities that are different to the City of Lytchett Matravers and in different UK region to South West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

Always consider average rental yield when searching for houses for sale in Lytchett Matravers

Is the housing market in Lytchett Matravers growing?

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.

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 £0
Dorset 3.57% £1,196.73 122.31% 16.70%
South West 0.04 1,078.69 £1 17.35%

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 10. 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.

Who can help you buy a house for sale in Lytchett Matravers?

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

In general, for the city of Lytchett Matravers, what are the final purchase prices for the houses for sale?

For the city of Lytchett Matravers, the average price a house sells for is £294,453. This value usually depends on the exact location of the house within Lytchett Matravers as well as other factors like the population growth which is 5% over a ten-year period.

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

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 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

Generalising the bottom table, the average value per square foot of a house for sale is £3,320. This value averages all of the types of houses for sale in Lytchett Matravers. 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 Lytchett Matravers.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

On average, what is the figure for the asking price of a house for sale in Lytchett Matravers?

The average asking price for the houses for sale in the city of 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

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Lytchett Matravers has a lack of supply of housing in certain categories.

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 Lytchett Matravers 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 £375,325.

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 Lytchett Matravers.

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Lytchett Matravers

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

Are there any important statistics about the population of Lytchett Matravers?

For the city of Lytchett Matravers, what is the education level?

In the city of Lytchett Matravers, 20% 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 Lytchett Matravers is £40,400.00. 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.

How much do people in Lytchett Matravers 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 £40,400.00.

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 Lytchett Matravers this figure is 17%.

What is a social grade score and how does this 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 £40,400.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (17%).

In general, do people commit a lot of crime in Lytchett Matravers?

For the city of Lytchett Matravers, crime rate is at 7700%. So for every 1000 people in the area, 7700% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

Is there sufficient green space in Lytchett Matravers?

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 Lytchett Matravers currently has 24 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 Lytchett Matravers in this case.

Lytchett Matravers in the county of Dorset is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Lytchett Matravers is located in; South West.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Lytchett Matravers, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

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 £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

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 15430 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.

FAQ

Are there opportunities for property renovation in Lytchett Matravers?

If planning permissions are abundant in the vicinity of Lytchett Matravers, it may look promising for landlords looking to renovate. With 6 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 15430. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

How many property sales occur per month in Lytchett Matravers?

Lytchett Matravers boasts a monthly total of 10 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

What’s the year-over-year population change in Lytchett Matravers or similar cities?

To work out how the population of Lytchett Matravers has changed over time, you can look at the population change over a decade which is 5% and the change in a five year period two which falls at 2%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

In the larger vicinity of Lytchett Matravers, what is the cost of houses available for sale?

The average asking price of a house in Lytchett Matravers is currently £0 based on the average price per square foot.

Would acquiring a house for sale in Lytchett Matravers be regarded as a high-priced option?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Lytchett Matravers, this stands at £294,453, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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