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How much will you pay for a house for sale in Horsehay?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ How much will you pay for a house for sale in Horsehay?

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 Horsehay, Shropshire.

From the average asking price of houses for sale in Horsehay to the growth of the population in the area, all will be talked about regarding the city of Horsehay. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In Horsehay, what is the asking price in general for a house for sale?

Average asking prices for houses for sale in Horsehay

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £165,850
Average asking price (3 bed) £247,975
Average asking price (4 bed) £353,742
Average asking price (5 bed) £401,045

After looking at this table about prices of houses for sale in Horsehay, 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 £0 will help them to have a more wholistic understanding.

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 Horsehay 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 £252,974.

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 Horsehay.

What’s the rental yield in general for the city of Horsehay?

Are there more or fewer houses being built in Horsehay?

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 Horsehay that shows the growth in recent years.

1 year 3 years 5 years
Horsehay growth rate -5% 1% 21%

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 Horsehay is important.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Horsehay this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (West Midlands) alongside Shropshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Horsehay.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Horsehay 3.4% £715 no relevant data for this city 19.0%
Shropshire 3.41% £778 123.75% 14.71%
West Midlands 3.89% £877 119.29% 20.00%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Horsehay.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (22) will be useful.

What are the demographics like in the city of Horsehay?

What salary does the community in Horsehay take home?

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 £40,100.

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 Horsehay this figure is 16%.

How educated are the people in Horsehay?

In Horsehay, the proportion of people who have a degree is 18%. 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 Horsehay is £40,100.

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 green space is available to residents of Horsehay?

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 Horsehay currently has 17.2 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 Horsehay in this case.

Have the people of Horsehay grown in numbers?

In total, the number of people in Horsehay is 18,282. 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 Horsehay, depending on where exactly you are.

How has Horsehay 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 Horsehay has changed by 6%. 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 6% 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 Horsehay?

10% 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 Horsehay 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.

In Horsehay, what are the deprivation levels like?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 28% for Horsehay should give you a nice idea of the deprivation in the area.

Is the crime rate bad in the city of Horsehay?

Within Horsehay, the number of people committing crimes is 145 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 145 figure carefully.

The city of Horsehay, situated in Shropshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Horsehay 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 Horsehay. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What’s a social grade score and how does it relate to Horsehay?

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 Horsehay 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, £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 16%.

In general, for the city of Horsehay, what are the final purchase prices for the houses for sale?

In Horsehay, the average sale price of a house for sale is in fact £192,424. This is dependent on the 10 year population growth of Horsehay being 10%. Growing populations are more likely to inflate the prices of houses for sale in the city of Horsehay.

Housing category Total final sale price
Aerage sold price (detached) £245,083
Aerage sold price (semi-detached) £166,129
Aerage sold price (terraced) £145,435
Aerage sold price (flat) £93,094

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 Horsehay.

Housing category Sale price per square foot
Aerage sold price/sqft £2,000
Aerage sold price/sqft (new build) £2,090
Aerage sold price/sqft (old stock) £1,830

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 £2,000. This means if you are just looking out the houses sold in Horsehay in general and didn’t take into consideration the type of build. For example, a new build.

Advice from experts on properties for sale in Horsehay

A house for sale that is right 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 Horsehay.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • 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.

  • 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.

  • 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.

  • 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.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • 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

  • 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.

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

Thinking about other cities with houses for sale?

Examine this short list of cities belonging to West Midlands, the same region where Horsehay is located.

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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