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Whenever looking for a house for sale in the UK or in Kempsey, it is vital you look at the market trends and house price fluctuations in the wider area of Worcestershire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Kempsey.
In this article, we will be looking at the city of Kempsey in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Kempsey have?
What is the population of Kempsey?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Kempsey if 30933 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 Kempsey such as rental yield or house appreciation.
How has the population size of Kempsey adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Kempsey 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 Kempsey?
In the last decade, the population of Kempsey has been adjusted by 5%. 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.
In Kempsey, how educated are people in general?
In the city of Kempsey, 31% 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 Kempsey is £46,800.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Is there sufficient green space in Kempsey?
Whether you view green space in Kempsey 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 Kempsey, the number of acres of green space for every 1000 people currently is 9 which can be measured against the UK average of 1.7.
What’s the crime rate in Kempsey?
In Kempsey, for every 1000 people, there is currently a crime rate of 10400%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (10400% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
How much do people in Kempsey 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 Kempsey, the average income is £46,800.00. 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 28% to decide on what the demographics are like in the area.
In Kempsey, 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 Kempsey, 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 a social grade score and how does this relate to Kempsey?
In the city of Kempsey, the social grade score of the area is 28%. 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 Kempsey.
| 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 |
Kempsey within Worcestershire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Kempsey 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 Kempsey.
In general, for the city of Kempsey, what are the final purchase prices for the houses for sale?
In Kempsey, houses for sale are sold at an average of £249,420. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Kempsey. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £335,462 |
| Aerage sold price (semi-detached) | £225,078 |
| Aerage sold price (terraced) | £191,830 |
| Aerage sold price (flat) | £147,228 |
As you can see above, for Kempsey, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 5% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,680 |
| Aerage sold price/sqft (new build) | £2,780 |
| Aerage sold price/sqft (old stock) | £2,510 |
Looking at the second table about Kempsey, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Kempsey is £2,680.
Professional advice for houses for sale in Kempsey
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.
Always consider average rental yield when searching for houses for sale in Kempsey
In Kempsey, how has the number of houses changed?
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 Kempsey at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Kempsey growth rate | -4% | 5% | 8% |
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 Kempsey 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 Kempsey.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Kempsey. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Kempsey.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Worcestershire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Kempsey.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Kempsey | £0 | £863 | £1 | £0 |
| Worcestershire | 3.45% | £800.85 | 117.17% | 22.20% |
| West Midlands | 0.04 | 876.64 | £1 | 20.00% |
You may also find it useful to compare the data above to the number of properties sold per month Kempsey experiences. This figure for house sales per month is 29. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
A house for sale appropriate to your needs
When browsing houses for sale in Kempsey you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like Kempsey, examine this short list of cities below from outside of the region of West Midlands for some inspiration.
- braithwell in West Midlands
- aston-le-walls in West Midlands
- eastoke in West Midlands
- amersham in West Midlands
- madeley 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.
Asking price in Kempsey for a house for sale
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 Kempsey is £298,003.
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 Kempsey is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Kempsey
| Average asking price (1 bed) | £146,364 |
| Average asking price (2 bed) | £227,726 |
| Average asking price (3 bed) | £298,627 |
| Average asking price (4 bed) | £429,583 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £2,680. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Kempsey has a lack of supply of housing in certain categories.
F.A.Q.
If you are a landlord, should you renovate a property in the city of Kempsey?
Amidst the urban landscape of Kempsey, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 10 and on the other hand, there is a planning success rate of 88%. It is also useful to take into consideration the population size of the area (30933).
How many property sales occur per month in Kempsey?
The city of Kempsey sees around 29 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What’s the year-over-year population change in Kempsey or similar cities?
Calculating the evolution of Kempsey’s population requires an examination of the population transformation over a decade, amounting to 5%, and the five-year adjustment at 1%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
What is the asking price for houses for sale in the wider region of Kempsey?
In Kempsey, the mean asking price per square foot for a house is currently £2,680, based on the average value per square foot
Would acquiring a house for sale in Kempsey be regarded as a high-priced option?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Kempsey, the value is £249,420, whereas the UK’s mean is £286,500
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