Whenever looking for a house for sale in the UK or in Huddersfield, it is vital you look at the market trends and house price fluctuations in the wider area of West Yorkshire 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 Huddersfield.
In this article, we will be looking at the city of Huddersfield in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, what do houses for sale sell for in Huddersfield?
For the city of Huddersfield, the average price a house sells for is £169,486. This value usually depends on the exact location of the house within Huddersfield as well as other factors like the population growth in Huddersfield which is 6% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£291,883|
|Aerage sold price (semi-detached)||£167,323|
|Aerage sold price (terraced)||£119,425|
|Aerage sold price (flat)||£103,251|
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 Huddersfield.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,805|
|Aerage sold price/sqft (new build)||£1,868|
|Aerage sold price/sqft (old stock)||£1,715|
Generalising the bottom table, the average value per square foot of a house for sale is £1,848. This value averages all of the types of houses for sale in Huddersfield. 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 Huddersfield.
What are the people like in Huddersfield?
Are the deprivation levels of the UK any different to Huddersfield?
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 Huddersfield is 28%.
What’s the crime rate in Huddersfield?
The crime rate of Huddersfield 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 136, 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 (136) is both useful and is recommended to be compared to the average.
The city of Huddersfield, situated in West Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Huddersfield and its demographics will be compared to its wider location (North West). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Huddersfield. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Huddersfield, is there a lot of green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Huddersfield currently has 12.4 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Huddersfield in this case.
What salary does the community in Huddersfield take home?
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 £39,100.
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 Huddersfield this figure is 22%.
What is the social grade score of Huddersfield?
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 Huddersfield 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 Huddersfield, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 22%.
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 Huddersfield?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Huddersfield is 115,029.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Huddersfield.
In Huddersfield, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Huddersfield is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Huddersfield population difference over 10 years?
The population has adjusted in the area of Huddersfield by 6% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Huddersfield.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
How educated are the people in Huddersfield?
Interestingly, the percentage of people who have a degree in the city of Huddersfield 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 Huddersfield is £39,100.
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.
In Huddersfield, what are the rental yields?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Huddersfield. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Huddersfield.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (West Yorkshire), a regional level (North West) and finally on the level of the city talked about in this article, Huddersfield.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Huddersfield experiences. This figure for house sales per month is 77. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there more or fewer houses being built in Huddersfield?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Huddersfield at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Huddersfield growth rate||-5%||14%||25%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Huddersfield gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Huddersfield.
What is the asking price on average of houses for sale in Huddersfield?
Average asking prices for houses for sale in Huddersfield
|Average asking price (1 bed)||£90,500|
|Average asking price (2 bed)||£146,806|
|Average asking price (3 bed)||£219,754|
|Average asking price (4 bed)||£400,689|
|Average asking price (5 bed)||£640,000|
After looking at this table about prices of houses for sale in Huddersfield, 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 £658 will help them to have a more wholistic understanding.
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 Huddersfield is £223,151.
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 Huddersfield is useful when negotiating and knowing what to expect for every type of house for sale.