Whenever looking for a house for sale in the UK or in Prittlewell, it is vital you look at the market trends and house price fluctuations in the wider area of Essex 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 Prittlewell.
In this article, we will be looking at the city of Prittlewell in detail so you know how to navigate the area and have a better understanding on where to invest.
Thinking of a different city and perhaps a different location?
If you are looking for a list of cities that are different to the City of Prittlewell and in different UK region to East of England. You might want to consider these as alternatives for your next real estate investment:
- lydiate in East of England
- easthorpe in East of England
- manchester in East of England
- deepcut in East of England
- ardallie in East of England
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.
What are the people like in Prittlewell?
What is a social grade score and how does this relate to Prittlewell?
In the city of Prittlewell and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Prittlewell has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 17%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 is the education level like in Prittlewell?
In Prittlewell, the proportion of people who have a degree is 21%. 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 Prittlewell is £39,850.00.
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 Prittlewell?
The crime rate of Prittlewell must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 16500%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (16500%) is both useful and is recommended to be compared to the average.
In the city of Prittlewell, is there a lot of green space?
Whether you view green space in Prittlewell 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 Prittlewell, the number of acres of green space for every 1000 people currently is 13 which can be measured against the UK average of 1.7.
Prittlewell in the county of Essex 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 Prittlewell is located in; East of England.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Prittlewell, 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.
How much do people in Prittlewell 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 Prittlewell, the average income is £39,850.00. 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 17% to decide on what the demographics are like in the area.
Are the people of Prittlewell deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Prittlewell is £0.
In the city of Prittlewell, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Prittlewell if 77630 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 Prittlewell such as rental yield or house appreciation.
How has the population size of Prittlewell adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Prittlewell by 2%. 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 2% 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 Prittlewell?
In the last decade, the population of Prittlewell has been adjusted by 6%. 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.
What’s the rental yield in general for the city of Prittlewell?
Is the housing market in Prittlewell growing?
The growth of an area like Prittlewell 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|
|Prittlewell growth rate||0%||12%||23%|
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 Prittlewell if you want to find out the exact reasons for the housing change.
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 Prittlewell this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Essex 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 Prittlewell.
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)|
|East of England||0.03||1,148.32||£1||16.58%|
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 Prittlewell.
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 (32) will be useful.
In general, what do houses for sale sell for in Prittlewell?
In Prittlewell, the average sale price of a house for sale is in fact £276,459. This is dependent on the 10 year population growth of Prittlewell being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Prittlewell.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£474,578|
|Aerage sold price (semi-detached)||£323,566|
|Aerage sold price (terraced)||£278,580|
|Aerage sold price (flat)||£184,846|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Prittlewell.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,165|
|Aerage sold price/sqft (new build)||£3,320|
|Aerage sold price/sqft (old stock)||£3,045|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £3,235. This means if you are just looking out the houses sold in Prittlewell in general and didn’t take into consideration the type of build. For example, a new build.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Prittlewell.
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.
What are the asking prices for the houses for sale in the city of Prittlewell?
Average prices for the houses for sale in Prittlewell
|Average asking price (1 bed)||£180,564|
|Average asking price (2 bed)||£257,394|
|Average asking price (3 bed)||£366,157|
|Average asking price (4 bed)||£501,754|
|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 Prittlewell 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 £3,305 should also give you an overview of what the asking price for houses for sale are in general.
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 Prittlewell is £315,668.
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 Prittlewell is useful when negotiating and knowing what to expect for every type of house for sale.
Professional advice for houses for sale in Prittlewell
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
Frequently Asked Questions
Are there opportunities for property renovation in Prittlewell?
Prittlewell is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 23 each month, attaining a success rate of nan and a total population of 77630. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What is the monthly count of property transactions in Prittlewell?
Prittlewell boasts a monthly total of 32 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What is the population change each year in a city like Prittlewell?
Calculating the evolution of Prittlewell’s population requires an examination of the population transformation over a decade, amounting to 6%, and the five-year adjustment at 2%. 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
In the larger vicinity of Prittlewell, what is the cost of houses available for sale?
The current average price per square foot for a house in Prittlewell stands at £3,305, considering the mean cost for each square foot of houses for sale there.
Would acquiring a house for sale in Prittlewell 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 Prittlewell, this value is £276,459, compared to the UK’s average of £286,500.