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Himley 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 Staffordshire.
Before looking for a house for sale in the city of Himley 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 Himley.
Who can help you buy a house for sale in Himley?
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
What is the asking price on average of houses for sale in Himley?
The average asking price for the houses for sale in the city of Himley
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £193,446 |
| Average asking price (3 bed) | £255,246 |
| Average asking price (4 bed) | £386,042 |
| 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, the average asking price for the house for sale in the whole of Himley is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Himley, the asking price for a house for sale in the area is £260,982.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Himley. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Himley, examine this short list of cities below from outside of the region of West Midlands for some inspiration.
- bowness-on-windermere in West Midlands
- castell-y-bwch in West Midlands
- blackford in West Midlands
- bedford-park in West Midlands
- clenchwarton in West Midlands
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Finding the ideal house for sale for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Himley.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
In Himley, what are the rental yields?
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 Himley, 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 Staffordshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Himley | £0 | £780 | no relevant data for this city | £0 |
| Staffordshire | 3.76% | £767.24 | 113.22% | 20.39% |
| West Midlands | 0.04 | 876.64 | £1 | 20.00% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Himley you might be interested in the number of sales per month (23) that happen in the local housing market. Comparing this figure for Himley with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Himley?
The growth of an area like Himley can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Himley growth rate | -1% | 22% | 20% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Himley if you want to find out the exact reasons for the housing change.
What is the final sale price of a house in Himley?
For the city of Himley, the average price a house sells for is £196,658. This value usually depends on the exact location of the house within Himley as well as other factors like the population growth which is 3% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £276,657 |
| Aerage sold price (semi-detached) | £180,681 |
| Aerage sold price (terraced) | £151,410 |
| Aerage sold price (flat) | £95,957 |
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 Himley.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,170 |
| Aerage sold price/sqft (new build) | £2,590 |
| Aerage sold price/sqft (old stock) | £2,050 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,170. This value averages all of the types of houses for sale in Himley. 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 Himley.
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.
What kind of demographics does the city of Himley have?
Himley within Staffordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Himley will be looked at by comparing it to the local region, as well as comparing it to the wider region too (West Midlands). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Himley.
In Himley, what is the crime rate?
For the city of Himley, crime rate is at 9300%. So for every 1000 people in the area, 9300% 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.
What is the social grade score of Himley?
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 Himley in grades A or B which are the highest skilled roles in the country is 16%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £37,400.00 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 16%.
Is the education level of Himley important when buying a house?
In Himley, the proportion of people who have a degree is 20%. 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 Himley is £37,400.00.
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.
How much do people in Himley earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Himley, the average income is £37,400.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.
In Himley, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Himley, 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.
How much green space is available to residents of Himley?
Whether you view green space in Himley as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Himley, the number of acres of green space for every 1000 people currently is 39 which can be measured against the UK average of 1.7.
In Himley, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Himley if 34092 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 Himley such as rental yield or house appreciation.
How has the population size of Himley adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Himley by 2%. 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 2% 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 Himley?
In the last decade, the population of Himley 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.
Frequently Asked Questions
Are there opportunities for property renovation in Himley?
Himley is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 10 each month, attaining a success rate of nan and a total population of 34092. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
In Himley, how many property sales per month are there?
23 property transactions are reported in Himley each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What is the population change each year in a city like Himley?
For a comprehensive analysis of Himley’s population trends, observe the population fluctuation over a decade, indicated by 3%, and the five-year alteration represented by 2%. Perhaps also look at data from another nearby city too so you can see a comparison.
What is the asking price for houses for sale in the wider region of Himley?
The current average price per square foot for a house in Himley stands at £0, considering the mean cost for each square foot of houses for sale there.
Is a house for sale in Himley an expensive choice?
Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Himley, this figure stands at £196,658, while the UK average is £286,500.
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