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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 Earlswood, Warwickshire.
From the average asking price of houses for sale in Earlswood, to the growth of the population in the area, all will be talked about regarding the city of Earlswood. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the final sale price of a house in Earlswood?
For the city of Earlswood, the average price a house sells for is £554,534. This value usually depends on the exact location of the house within Earlswood as well as other factors like the population growth which is 7% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £680,446 |
| Aerage sold price (semi-detached) | £399,010 |
| Aerage sold price (terraced) | £330,387 |
| Aerage sold price (flat) | £307,790 |
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 Earlswood.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,790 |
| Aerage sold price/sqft (new build) | £4,160 |
| Aerage sold price/sqft (old stock) | £3,670 |
Generalising the bottom table, the average value per square foot of a house for sale is £3,790. This value averages all of the types of houses for sale in Earlswood. 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 Earlswood.
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.
Professional advice for houses for sale in Earlswood
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 Earlswood, what are the demographics like?
In Earlswood, what are the deprivation levels like?
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 Earlswood, 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.
In general, do people commit a lot of crime in Earlswood?
For the city of Earlswood, crime rate is at 7100%. So for every 1000 people in the area, 7100% 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 educated are the people in Earlswood?
In the city of Earlswood, 42% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Earlswood is £54,100.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Have the people of Earlswood grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Earlswood if 7297 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 Earlswood such as rental yield or house appreciation.
How has the population size of Earlswood adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Earlswood by 5%. 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 5% 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 Earlswood?
In the last decade, the population of Earlswood has been adjusted by 7%. 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.
How much do people in Earlswood earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Earlswood. Compare the area’s average household income of £54,100.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 42% for more conclusive data on the affluence of the area.
What is the city of Earlswood’s social grade score?
In the city of Earlswood, the social grade score of the area is 42%. 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 Earlswood.
| 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 the city of Earlswood, is there a lot of green space?
In the city of Earlswood, there are 45 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 Earlswood is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Earlswood in the county of Warwickshire 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 Earlswood 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 Earlswood, 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.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Earlswood.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
In Earlswood, what are the rental yields?
Is the housing market in Earlswood growing?
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 Earlswood that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Earlswood growth rate | 7% | 16% | 35% |
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 Earlswood is important.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Earlswood, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
On average, what is the figure for the asking price of a house for sale in Earlswood?
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 Earlswood 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 £943,683.
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 Earlswood.
Average prices for the houses for sale in Earlswood
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | no relevant data for this city |
| Average asking price (3 bed) | no relevant data for this city |
| Average asking price (4 bed) | £1,084,615 |
| 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 Earlswood 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.
houses for sale in other cities and regions in the UK
You can consult our list below that goes over a list of cities not necessarily in West Midlands, allowing you to find similar places to Earlswood:
- catterton in West Midlands
- barnoldswick in West Midlands
- hedley-on-the-hill in West Midlands
- califer in West Midlands
- herston in West Midlands
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
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