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How much does a house for sale cost in Abbey Dore?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ How much does a house for sale cost in Abbey Dore?

Abbey Dore 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 Abbey Dore.

On top of this, keep reading for detailed information on the demographics of Abbey Dore in Herefordshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

Are there new houses being built in Abbey Dore to make it grow?

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 Abbey Dore at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Abbey Dore growth rate no relevant data for this city 14% 23%

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 Abbey Dore 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 Abbey Dore.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Abbey Dore to Herefordshire and the broader suburb of the UK; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Abbey Dore 3.1% £869 117% 13.0%
Herefordshire 2.86% £835 134.25% 13.39%
West Midlands 3.89% £877 119.29% 20.00%

Let’s assume you want to sell the house you’re looking to buy in Abbey Dore for profit in the future, in this case, looking at the data for the number of houses sold per month in Abbey Dore would give you an idea of whether the area is actively getting new investors. This figure is 21.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Abbey Dore. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What are the people like in Abbey Dore?

Is the city of Abbey Dore deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Abbey Dore, currently, 25% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

For the city of Abbey Dore, what is the education level?

In the city of Abbey Dore, 23% 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 Abbey Dore is £37,900. 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.

Abbey Dore in the county of Herefordshire 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 Abbey Dore is located in; West Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Abbey Dore, 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.

In Abbey Dore, what is the social grade score?

In the city of Abbey Dore, the social grade score of the area is 14%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Abbey Dore.

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

What is the population of Abbey Dore?

In total, the number of people in Abbey Dore is 38,934. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Abbey Dore, depending on where exactly you are.

How has Abbey Dore changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Abbey Dore has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Abbey Dore?

6% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Abbey Dore have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

Is the crime rate bad in the city of Abbey Dore?

For the city of Abbey Dore, crime rate is at 99. So for every 1000 people in the area, 99 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.

How much are those living in Abbey Dore earning?

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 £37,900.

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 Abbey Dore this figure is 14%.

In the city of Abbey Dore, is there a lot of green space?

In the city of Abbey Dore, there are 9.9 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Abbey Dore is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is the final sale price of a house in Abbey Dore?

In Abbey Dore, the average sale price of a house for sale is in fact £221,591. This is dependent on the 10 year population growth of Abbey Dore being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Abbey Dore.

Housing category Total final sale price
Aerage sold price (detached) £309,892
Aerage sold price (semi-detached) £188,447
Aerage sold price (terraced) £159,586
Aerage sold price (flat) £99,312

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Abbey Dore.

Housing category Sale price per square foot
Aerage sold price/sqft £2,290
Aerage sold price/sqft (new build) £2,460
Aerage sold price/sqft (old stock) £2,190

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £2,550. This means if you are just looking out the houses sold in Abbey Dore in general and didn’t take into consideration the type of build. For example, a new build.

What are the asking prices for the houses for sale in the city of Abbey Dore?

When investors make offers for houses for sale in Abbey Dore, the average price asked by the homeowners works out to be £337,050.

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 Abbey Dore 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 Abbey Dore

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £205,337
Average asking price (3 bed) £303,735
Average asking price (4 bed) £488,449
Average asking price (5 bed) £521,038

After looking at this table about prices of houses for sale in Abbey Dore, 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 £2,810 will help them to have a more wholistic understanding.

Who can help you buy a house for sale in Abbey Dore?

A house for sale appropriate to your needs

When browsing houses for sale in Abbey Dore 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.

Other cities you can consider looking for with houses for sale

We have prepared a list of cities in West Midlands, the same UK region of Abbey Dore that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, 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

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