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 Radford Semele, Warwickshire.
From the average asking price of houses for sale in Radford Semele to the growth of the population in the area, all will be talked about regarding the city of Radford Semele. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Radford Semele, what is the asking price in general for a house for sale?
Table showing the asking prices for houses for sale in Radford Semele
|Average asking price (1 bed)||£159,030|
|Average asking price (2 bed)||£256,102|
|Average asking price (3 bed)||£322,105|
|Average asking price (4 bed)||£460,416|
|Average asking price (5 bed)||no relevant data for this city|
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 Radford Semele is the right area to buy a house in for you.
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 Radford Semele 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 £289,992.
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 Radford Semele.
Are there any important statistics about the population of Radford Semele?
Is the city of Radford Semele deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Radford Semele, currently, 22% 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 are those living in Radford Semele earning?
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 Radford Semele, the average income is £43,200. 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 25% to decide on what the demographics are like in the area.
What is the population of Radford Semele?
Population growth in Radford Semele is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Radford Semele, 31,530 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Radford Semele in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Radford Semele, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Radford Semele?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Radford Semele.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
What is the social grade score of Radford Semele?
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 Radford Semele in grades A or B which are the highest skilled roles in the country is 25%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £43,200 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 25%.
Is the education level of Radford Semele important when buying a house?
In Radford Semele, the proportion of people who have a degree is 29%. 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 Radford Semele is £43,200.
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.
Is the crime rate bad in the city of Radford Semele?
For every one thousand people living in Radford Semele, 108 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 108 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.
Radford Semele in the county of Warwickshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Radford Semele is located in; West Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Radford Semele, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
Is there sufficient green space in Radford Semele?
Whether you view green space in Radford Semele 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 Radford Semele, the number of acres of green space for every 1000 people currently is 17.3 which can be measured against the UK average of 1.7.
In Radford Semele, what are the rental yields?
Are there more or fewer houses being built in Radford Semele?
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 Radford Semele at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Radford Semele growth rate||4%||8%||11%|
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 Radford Semele 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 Radford Semele.
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 Radford Semele this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (West Midlands) alongside Warwickshire 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 Radford Semele.
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)|
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 Radford Semele.
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 (28) will be useful.
In general, what do houses for sale sell for in Radford Semele?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Radford Semele. In Radford Semele, this sale price works out to be £267,902. As an example, a factor like population growth over the last 10 years which works out to be 5% in Radford Semele and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£384,181|
|Average sold price (semi-detached)||£265,042|
|Average sold price (terraced)||£251,409|
|Average sold price (flat)||£185,940|
Above, the exact type of house is also shown to vary in price in a table in Radford Semele. 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||£3,190|
|Average sold price/sqft (new build)||£3,370|
|Average sold price/sqft (old stock)||£3,120|
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 Radford Semele which is £3,190. 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.
Professional advice for houses for sale in Radford Semele
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Radford Semele.
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.
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Radford Semele.
Reading these analysis will help you evaluate the different houses for sale currently listed in West Midlands:
- Coventry in West Midlands
- Himley in West Midlands
- Acocks-Green in West Midlands
- Bedworth in West Midlands
- Acton-Round in West Midlands
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.