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What is it like buying a house in Shrewsbury?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Wales $ What is it like buying a house in Shrewsbury?

Shrewsbury might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Shropshire.
Before looking for a house for sale in the city of Shrewsbury we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Shrewsbury.

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

Average price of houses for sale in Shrewsbury

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £217,499
Average asking price (3 bed) £295,647
Average asking price (4 bed) £407,771
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 Shrewsbury is the right area to buy a house in for you.

When investors make offers for houses for sale in Shrewsbury, the average price asked by the homeowners works out to be £311,753.

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 Shrewsbury 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.

In general, what do houses for sale sell for in Shrewsbury?

As well as looking at the asking price for house for sale in Shrewsbury, 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 Shrewsbury.

Houses for sale, are sold on average in Shrewsbury, after the influence of these factors, at £236,468 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 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £306,823
Aerage sold price (semi-detached) £213,725
Aerage sold price (terraced) £197,679
Aerage sold price (flat) £162,321

This table above shows the average sale price for each variation of houses for sale in Shrewsbury.

Housing category Sale price per square foot
Aerage sold price/sqft £2,570
Aerage sold price/sqft (new build) £2,590
Aerage sold price/sqft (old stock) £2,430

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 Shrewsbury is £2,570.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Always consider average rental yield when searching for houses for sale in Shrewsbury

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Shrewsbury, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Shropshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Shrewsbury 3.2% £844 no relevant data for this city 10.0%
Shropshire 3.41% £778 123.75% 14.71%
Wales 4.28% £861 133.18% 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Shrewsbury you might be interested in the number of sales per month (13) that happen in the local housing market. Comparing this figure for Shrewsbury with the above table gives you a good understanding of the profitability of the area.

Is the housing market in Shrewsbury growing?

Before committing to Shrewsbury to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Shrewsbury growth rate 8% 19% 18%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Shrewsbury is building housing to find your answer.

In Shrewsbury, what are the demographics like?

In Shrewsbury, how educated are people in general?

In Shrewsbury, the proportion of people who have a degree is 29%. 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 Shrewsbury is £39,200.

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.

The city of Shrewsbury, situated in Shropshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Shrewsbury and its demographics will be compared to its wider location (Wales). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Shrewsbury. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What’s a social grade score and how does it relate to Shrewsbury?

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 Shrewsbury 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 Shrewsbury, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 21%.

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 Shrewsbury, how has the population changed?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Shrewsbury is 17,490.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Shrewsbury.

In Shrewsbury, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Shrewsbury is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Shrewsbury population difference over 10 years?

The population has adjusted in the area of Shrewsbury by 7% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Shrewsbury.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

Do the people of Shrewsbury get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Shrewsbury, 10.9 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Shrewsbury.

How much do people in Shrewsbury earn?

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 (21%). 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 Shrewsbury, this works out to be £39,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s the crime rate in Shrewsbury?

In Shrewsbury, for every 1000 people, there is currently a crime rate of 101. 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 (101 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.

How deprived is the population of Shrewsbury?

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 Shrewsbury is 22%.

Advice from experts on properties for sale in Shrewsbury

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

A house for sale appropriate to your needs

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

House for sale in the same UK region

Examine this short list of cities belonging to Wales, the same region where Shrewsbury 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.

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