Wolferlow 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 Herefordshire.
Before looking for a house for sale in the city of Wolferlow 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 Wolferlow.
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Wolferlow.
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.
Get professional help on the houses for sale in Wolferlow
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
In general, what do houses for sale sell for in Wolferlow?
As well as looking at the asking price for house for sale in Wolferlow, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Wolferlow.
Houses for sale, are sold on average in Wolferlow, after the influence of these factors, at £295,031 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 7% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£360,048|
|Aerage sold price (semi-detached)||£208,691|
|Aerage sold price (terraced)||£166,280|
|Aerage sold price (flat)||£139,874|
This table above shows the average sale price for each variation of houses for sale in Wolferlow.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,450|
|Aerage sold price/sqft (new build)||£2,260|
|Aerage sold price/sqft (old stock)||£2,310|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Wolferlow is £2,450.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
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 Wolferlow, examine this short list of cities below from outside of the region of West Midlands for some inspiration.
- earlestown in West Midlands
- aird-dhail in West Midlands
- beck-side in West Midlands
- badgers-mount in West Midlands
- aldwick 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.
How are rental yields of the houses for sale different to the rest of the UK in Wolferlow?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Wolferlow, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are there new houses being built in Wolferlow to make it grow?
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 Wolferlow that shows the growth in recent years.
|1 year||3 years||5 years|
|Wolferlow growth rate||-10%||2%||11%|
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 Wolferlow is important.
What kind of demographics does the city of Wolferlow have?
What is the city of Wolferlow’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Wolferlow, the percentage of people in the two highest categories, A and B is 23%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £41,700.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).
How deprived is the population of Wolferlow?
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 Wolferlow, 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 population of Wolferlow?
Population growth in Wolferlow 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 Wolferlow, 7195 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 Wolferlow 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 Wolferlow, 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 Wolferlow?
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 7% in Wolferlow.
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.
How much green space is available to residents of Wolferlow?
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 Wolferlow, the city has 13 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 Wolferlow.
For the city of Wolferlow, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Wolferlow is 27%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Wolferlow is £41,700.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
Wolferlow in the county of Herefordshire 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 Wolferlow 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 Wolferlow, 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.
What’s the crime rate in Wolferlow?
Within Wolferlow, the number of people committing crimes is 5800% 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 5800% figure carefully.
How much are those living in Wolferlow earning?
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 £41,700.00.
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 Wolferlow this figure is 23%.
What is the asking price on average of houses for sale in Wolferlow?
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 Wolferlow 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 £457,514.
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 Wolferlow.
Average price of houses for sale in Wolferlow
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£452,150|
|Average asking price (4 bed)||no relevant data for this city|
|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 Wolferlow is the right area to buy a house in for you.
Frequently Asked Questions
Is it possible to renovate a property in Wolferlow?
Properties in the city of Wolferlow may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 4 approvals every month with an approval of nan based on a population of 7195. Compare other places in the UK to make this figure make more sense.
On a monthly basis, how many property transactions take place in Wolferlow?
In Wolferlow, the monthly property transaction count reaches 4, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
How does the population in a city like Wolferlow change annually?
When evaluating the population trajectory of Wolferlow, explore the decade-spanning population shift of 7% and the five-year modification of population of 4%. By drawing comparisons, see if demographic changes in your chosen area is
What are the asking rates for houses for sale in the surrounding area of Wolferlow?
In Wolferlow, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Does opting for a house for sale in Wolferlow come with a hefty price tag?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Wolferlow, this value is £295,031, compared to the UK’s average of £286,500.