Whenever looking for a house for sale in the UK or in Abbots Bromley, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Abbots Bromley.
In this article, we will be looking at the city of Abbots Bromley in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Abbots Bromley for a house for sale
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 Abbots Bromley 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 £278,482.
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 Abbots Bromley.
The average asking price for the houses for sale in the city of Abbots Bromley
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £190,364 |
| Average asking price (3 bed) | £239,603 |
| Average asking price (4 bed) | £409,722 |
| 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 Abbots Bromley 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.
In general, for the city of Abbots Bromley, what are the final purchase prices for the houses for sale?
For the city of Abbots Bromley, the average price a house sells for is £201,217. This value usually depends on the exact location of the house within Abbots Bromley as well as other factors like the population growth in Abbots Bromley which is 5% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £295,846 |
| Aerage sold price (semi-detached) | £168,782 |
| Aerage sold price (terraced) | £155,309 |
| Aerage sold price (flat) | £100,439 |
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 Abbots Bromley.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,160 |
| Aerage sold price/sqft (new build) | £2,280 |
| Aerage sold price/sqft (old stock) | £2,080 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,160. This value averages all of the types of houses for sale in Abbots Bromley. 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 Abbots Bromley.
What kind of demographics does the city of Abbots Bromley have?
What salary does the community in Abbots Bromley take home?
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 Abbots Bromley, this works out to be £40,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What’s a social grade score and how does it relate to Abbots Bromley?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Abbots Bromley in grades A or B which are the highest skilled roles in the country is 17%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,100 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 17%.
In the city of Abbots Bromley, how much green space remains for residents?
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 Abbots Bromley currently has 32.1 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 Abbots Bromley in this case.
In the city of Abbots Bromley, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Staffordshire for example.
These demographics for Abbots Bromley may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Abbots Bromley in West Midlands.
Have the people of Abbots Bromley grown in numbers?
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 Abbots Bromley is 36,610.
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 Abbots Bromley.
In Abbots Bromley, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Abbots Bromley 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 (3%) 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.
Abbots Bromley population difference over 10 years?
The population has adjusted in the area of Abbots Bromley by 5% 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 Abbots Bromley.
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.
What’s the crime rate in Abbots Bromley?
In Abbots Bromley, for every 1000 people, there is currently a crime rate of 56. 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 (56 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 educated are the people in Abbots Bromley?
The number of people as a percentage who have been through university and gained a degree is 20%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,100 is the amount people in Abbots Bromley are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Abbots Bromley, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Are the deprivation levels of the UK any different to Abbots Bromley?
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 Abbots Bromley, in particular, the deprivation levels are 26%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Why you should consider the average rental yield when searching for houses for sale in Abbots Bromley
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Abbots Bromley.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Staffordshire) as well as the broader region; West Midlands.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Abbots Bromley | 3.1% | £725 | 132% | 24.0% |
| Staffordshire | 3.76% | £767 | 113.22% | 20.39% |
| West Midlands | 3.89% | £877 | 119.29% | 20.00% |
Also, you can compare other data to the table above such as the number of houses sold per month in Abbots Bromley which is 39 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Abbots Bromley is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Abbots Bromley?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Abbots Bromley that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Abbots Bromley growth rate | 3% | 13% | 22% |
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Abbots Bromley is important.
Invest in houses for sale in Abbots Bromley with the right professional advice
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Abbots Bromley?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
houses for sale in other cities in the UK
Examine this short list of cities belonging to West Midlands, the same region where Abbots Bromley is located.
- Collingtree in West Midlands
- Birley in West Midlands
- Cannock in West Midlands
- Cradley-Heath in West Midlands
- Wolferlow in West Midlands
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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