Whenever looking for a house for sale in the UK or in Warndon, 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 Warndon.
In this article, we will be looking at the city of Warndon 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 Warndon have?
What’s the crime rate in Warndon?
Within Warndon, the number of people committing crimes is 15800% 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 15800% figure carefully.
How much green space is available to residents of Warndon?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Warndon, the city has 4 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Warndon.
What does the population of Warndon look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Warndon if 26127 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 Warndon such as rental yield or house appreciation.
How has the population size of Warndon adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Warndon 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 Warndon?
In the last decade, the population of Warndon 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.
In the city of Warndon, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Worcestershire for example.
These demographics for Warndon may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Warndon in West Midlands.
How educated are the people in Warndon?
In the city of Warndon, 22% 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 Warndon is £42,400.00. 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.
In Warndon, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Warndon, 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.
Are the people in Warndon earning a lot?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Warndon. Compare the area’s average household income of £42,400.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 17% for more conclusive data on the affluence of the area.
In Warndon, what is the social grade score?
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 Warndon in grades A or B which are the highest skilled roles in the country is 17%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £42,400.00 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 17%.
Get professional help on the houses for sale in Warndon
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
In general, what do houses for sale sell for in Warndon?
For the city of Warndon, the average price a house sells for is £206,359. This value usually depends on the exact location of the house within Warndon 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)||£301,816|
|Aerage sold price (semi-detached)||£180,948|
|Aerage sold price (terraced)||£173,552|
|Aerage sold price (flat)||£100,756|
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 Warndon.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,530|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£2,430|
Generalising the bottom table, the average value per square foot of a house for sale is £2,530. This value averages all of the types of houses for sale in Warndon. 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 Warndon.
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.
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 Warndon.
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.
On average, what is the figure for the asking price of a house for sale in Warndon?
Table showing the asking prices for houses for sale in Warndon
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£211,528|
|Average asking price (3 bed)||£256,471|
|Average asking price (4 bed)||£401,471|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Warndon and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
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 Warndon 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 £251,571.
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 Warndon.
houses for sale in other cities and regions in the UK
If you are looking for a list of cities that are different to the City of Warndon and in different UK region to West Midlands. You might want to consider these as alternatives for your next real estate investment:
- addington in West Midlands
- ford in West Midlands
- dickens-heath in West Midlands
- achahoish in West Midlands
- byfleet in West Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
Why you should consider the average rental yield when searching for houses for sale in Warndon
What is the growth in the housing market of Warndon?
The growth of an area like Warndon 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|
|Warndon growth rate||6%||15%||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 Warndon if you want to find out the exact reasons for the housing change.
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 Warndon, 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 Worcestershire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Warndon||£0||£803||no relevant data for this city||£0|
Assuming that in the future you want to re-sell the house you will eventually purchased in Warndon you might be interested in the number of sales per month (16) that happen in the local housing market. Comparing this figure for Warndon with the above table gives you a good understanding of the profitability of the area.