Ham Green 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 Herefordshire.
Before looking for a house for sale in the city of Ham Green 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 Ham Green.
In Ham Green, what are the rental yields?
Are there new houses being built in Ham Green to make it grow?
Whenever you are thinking about looking for houses for sale in Ham Green, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Ham Green growth rate||no relevant data for this city||6%||22%|
As the population of Ham Green grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Ham Green, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; West Midlands. As well as Herefordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Ham Green||3.2%||£789||no relevant data for this city||20.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Ham Green you might be interested in the number of sales per month (21) that happen in the local housing market. Comparing this figure for Ham Green with the above table gives you a good understanding of the profitability of the area.
What are the people like in Ham Green?
The city of Ham Green, situated in Herefordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Ham Green and its demographics will be compared to its wider location (West Midlands). 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 Ham Green. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Ham Green, what are the deprivation levels like?
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 Ham Green is 24%.
What’s a social grade score and how does it relate to Ham Green?
In the city of Ham Green, the social grade score of the area is 24%. 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 Ham Green.
|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’s crime like in Ham Green?
Within Ham Green, the number of people committing crimes is 103 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 103 figure carefully.
How much green space is available to residents of Ham Green?
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 Ham Green currently has 18.2 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 Ham Green in this case.
Is the education level of Ham Green important when buying a house?
In the city of Ham Green, 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 Ham Green is £42,000. 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 Ham Green 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 (24%). 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 Ham Green, this works out to be £42,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Have the people of Ham Green 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 Ham Green if 33,402 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 Ham Green such as rental yield or house appreciation.
How has the population size of Ham Green adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Ham Green by 1%. 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 1% 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 Ham Green?
In the last decade, the population of Ham Green has been adjusted by 3%. 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.
What is the asking price on average of houses for sale in Ham Green?
Average asking prices for houses for sale in Ham Green
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£201,667|
|Average asking price (3 bed)||£291,964|
|Average asking price (4 bed)||£422,297|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Ham Green is £0. This should show you the general prices overall and for individual types of houses too.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Ham Green is £294,408.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Ham Green is useful when negotiating and knowing what to expect for every type of house for sale.
What is the final sale price of a house in Ham Green?
In Ham Green, the average sale price of a house for sale is in fact £251,012. This is dependent on the 10 year population growth of Ham Green being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Ham Green.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£329,947|
|Aerage sold price (semi-detached)||£218,937|
|Aerage sold price (terraced)||£182,168|
|Aerage sold price (flat)||£117,364|
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 Ham Green.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,630|
|Aerage sold price/sqft (new build)||£2,760|
|Aerage sold price/sqft (old stock)||£2,490|
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 £2,630. This means if you are just looking out the houses sold in Ham Green in general and didn’t take into consideration the type of build. For example, a new build.