As a landlord, whenever you are looking at houses for sale in West Yorkshire, you could find varying prices throughout an area like Halifax. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Halifax to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Halifax will be revealed. Keep reading.
Other cities in different locations you can consider to buy property
We have prepared a list of cities that are entirely dissimilar to the region of North West, perfect if you are looking for somewhere similar to Halifax but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- aughton in North West
- bettiscombe in North West
- bowling in North West
- dalston in North West
- bank-end in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
In general, what do houses for sale sell for 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.
Are there any important statistics about the population of Halifax?
How much do people in Halifax 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 Halifax, the average income is £37,575.00. 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 20% to decide on what the demographics are like in the area.
Located in West Yorkshire is the city of Halifax, in a large part of the UK; North West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Halifax has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Halifax which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In the city of Halifax, is there a lot of green space?
Whether you view green space in Halifax 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 Halifax, the number of acres of green space for every 1000 people currently is 11 which can be measured against the UK average of 1.7.
Are the people of Halifax 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 Halifax is £0.
Is the crime rate bad in the city of Halifax?
The crime rate of Halifax 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 14750%, 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 (14750%) is both useful and is recommended to be compared to the average.
What’s a social grade score and how does it relate to Halifax?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Halifax compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Halifax, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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 population of Halifax?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Halifax if 91868 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 Halifax such as rental yield or house appreciation.
How has the population size of Halifax adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Halifax 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 Halifax?
In the last decade, the population of Halifax has been adjusted by 4%. 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.
For the city of Halifax, what is the education level?
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 £37,575.00.
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.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Halifax.
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.
Asking price in Halifax for a house for sale
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.
In the city of Halifax, what is the average asking price for the houses for sale?
|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|
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 Halifax is the right area to buy a house in for you.
Advice from experts on properties for sale in Halifax
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
How are rental yields of the houses for sale different to the rest of the UK in Halifax?
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 Halifax, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as West Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Halifax you might be interested in the number of sales per month (14) that happen in the local housing market. Comparing this figure for Halifax with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Halifax to make it grow?
Before committing to Halifax to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Halifax growth rate||1%||13%||17%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Halifax is building housing to find your answer.
Is it possible to renovate a property in Halifax?
Amidst the urban landscape of Halifax, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 7 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (91868).
What is the monthly count of property transactions in Halifax?
Halifax boasts a monthly total of 14 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’s the annual population shift in a city such as Halifax?
To assess the shifts in Halifax’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of 2%.
In the larger vicinity of Halifax, what is the cost of houses available for sale?
Currently, the mean asking price of a house in Halifax is £0, calculated using the average value per square foot
Does opting for a house for sale in Halifax come with a hefty price tag?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Halifax this number is £149,617 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house