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All you need to know – houses for sale in Horsehay

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ All you need to know – houses for sale in Horsehay

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Horsehay 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 Shropshire.
Before looking for a house for sale in the city of Horsehay 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 Horsehay.

Finding the ideal house for sale for you

Many criteria impact the price of houses for sale in Horsehay.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • 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.

  • 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

  • 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

  • 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.

  • 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

  • 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

  • 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.

Professional advice for houses for sale in Horsehay

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

Asking price in Horsehay for a house for sale

Average price of 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

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Horsehay is the right area to buy a house in for you.

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 Horsehay is £252,974.

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 Horsehay 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 Horsehay?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Horsehay. In Horsehay, this sale price works out to be £192,424. As an example, a factor like population growth over the last 10 years which works out to be 10% in Horsehay and impacts house prices of the houses for sale.

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

Above, the exact type of house is also shown to vary in price in a table in Horsehay. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

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

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Horsehay which is £2,000. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

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

Are there more or fewer houses being built in Horsehay?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Horsehay at 1 year, 3 year and 5 year intervals:

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

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Horsehay gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Horsehay.

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 £0 £715 no relevant data for this city £0
Shropshire 3.41% £777.80 123.75% 14.71%
West Midlands 0.04 876.64 £1 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 (15) will be useful.

Other cities in different locations you can consider to buy property

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 Horsehay:

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

Are there any important statistics about the population of Horsehay?

Is the education level of Horsehay important when buying a house?

In the city of Horsehay, 18% 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 Horsehay is £40,100.00. 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.

Have the people of Horsehay 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 Horsehay is 18282.

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 Horsehay.

In Horsehay, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 6%. 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 Horsehay 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 (6%) 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.

Horsehay population difference over 10 years?

The population has adjusted in the area of Horsehay by 10% 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 Horsehay.

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.

In Horsehay, 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 Horsehay, 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.

What is the social grade score of Horsehay?

In the city of Horsehay, the social grade score of the area is 0.16. 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 Horsehay.

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 the crime rate in Horsehay?

For every one thousand people living in Horsehay, 145 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 145 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

In the city of Horsehay, is there a lot of green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Horsehay, 17 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Horsehay.

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.

How much do people in Horsehay earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£40,100.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 0.16 for Horsehay.

Frequently Asked Questions

Are there opportunities for property renovation in Horsehay?

Horsehay is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 4 each month, attaining a success rate of nan and a total population of 18282. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

How many property sales occur per month in Horsehay?

The city of Horsehay sees around 15 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

How does the population in a city like Horsehay change annually?

To work out how the population of Horsehay has changed over time, you can look at the population change over a decade which is 10% and the change in a five year period two which falls at 6%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

What is the asking price for houses for sale in the wider region of Horsehay?

The average cost per square foot for a house in Horsehay is presently £0.

Would acquiring a house for sale in Horsehay be regarded as a high-priced option?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Horsehay, this value is £192,424, compared to the UK’s average of £286,500.

Buying a Home? Find Top-Rated Estate Agents in Horsehay

If you’re purchasing property in Horsehay? The right estate agent can make all the difference in guiding you through the home buying process. We understand how stressful and time-consuming finding an agent can be so we’ve compiled a list of the highest-rated real estate agencies in the area below. Our goal is to simplify your search and take you straight to reputable agents equipped to help buy your ideal home.

Name of the Agent Phone Number Address Email Address
Courtney Downing Estates 441952476299 49 Bank Road, Dawley Bank, Telford, TF4 2BB Phone number only
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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