Halifax can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Halifax.
On top of this, keep reading for detailed information on the demographics of Halifax in West Yorkshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What are the asking prices for the houses for sale in the city of Halifax?
Average asking prices for houses for sale in Halifax
| Average asking price (1 bed) | £73,571 |
| Average asking price (2 bed) | £133,658 |
| Average asking price (3 bed) | £203,580 |
| Average asking price (4 bed) | £399,537 |
| Average asking price (5 bed) | £485,553 |
After looking at this table about prices of houses for sale in Halifax, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
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 Halifax 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 £197,700.
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 Halifax.
How are rental yields of the houses for sale different to the rest of the UK in Halifax?
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Halifax.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (West Yorkshire) as well as the broader region; North West.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Halifax | 5.0% | £625 | 140% | 16.0% |
| West Yorkshire | 4.55% | £778 | 125.25% | 21.88% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
Also, you can compare other data to the table above such as the number of houses sold per month in Halifax which is 59 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Halifax is to invest in. Both in terms of rental yield and capital appreciation.
In Halifax, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Halifax, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Halifax growth rate | 1% | 13% | 17% |
As the population of Halifax grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What are the demographics like in the city of Halifax?
Halifax in the county of West Yorkshire 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 Halifax is located in; North West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Halifax, 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 Halifax?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Halifax, 11.4 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Halifax.
How much are those living in Halifax earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£37,575 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 20% for Halifax.
In Halifax, what is the crime rate?
Within Halifax, the number of people committing crimes is 148 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 148 figure carefully.
How educated are the people in Halifax?
Interestingly, the percentage of people who have a degree in the city of Halifax is 22%. 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 Halifax is £37,575.
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.
Have the people of Halifax grown in numbers?
Population growth in Halifax 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 Halifax, 91,868 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 Halifax 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 Halifax, this change has been 2%. 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 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Halifax?
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 4% in Halifax.
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 city of Halifax’s social grade score?
In the city of Halifax, the social grade score of the area is 20%. 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 Halifax.
| 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 |
Are the people of Halifax deprived?
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 Halifax, in particular, the deprivation levels are 28%.
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 final sale price of a house in Halifax?
As well as looking at the asking price for house for sale in Halifax, 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 Halifax.
Houses for sale, are sold on average in Halifax, after the influence of these factors, at £149,617 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 4% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £315,860 |
| Aerage sold price (semi-detached) | £176,235 |
| Aerage sold price (terraced) | £114,020 |
| Aerage sold price (flat) | £119,337 |
This table above shows the average sale price for each variation of houses for sale in Halifax.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,635 |
| Aerage sold price/sqft (new build) | £1,983 |
| Aerage sold price/sqft (old stock) | £1,570 |
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 Halifax is £1,635.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Who can help you buy a house for sale in Halifax?
A house for sale appropriate to your needs
When browsing houses for sale in Halifax you should think about lots of different criteria:
- House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
- 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.
- 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.
- 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
- 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.
- Internet speed in the area of the house for sale – 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
- Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
- 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.
- 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.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to North West, the same region where Halifax is located.
- Acre in North West
- Micklehurst in North West
- Oldham in North West
- Ashton-Under-Lyne in North West
- Appleton in North West
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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