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How much does a house for sale cost in Huthwaite?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Huthwaite?

Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Huthwaite, Nottinghamshire.

From the average asking price of houses for sale in Huthwaite to the growth of the population in the area, all will be talked about regarding the city of Huthwaite. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Why you should consider the average rental yield when searching for houses for sale in Huthwaite

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 Huthwaite, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as Nottinghamshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Huthwaite 4.1% £653 127% 31.0%
Nottinghamshire 4.39% £865 134.00% 19.74%
East Midlands 4.02% £775 113.13% 19.44%

Assuming that in the future you want to re-sell the house you will eventually purchased in Huthwaite you might be interested in the number of sales per month (61) that happen in the local housing market. Comparing this figure for Huthwaite with the above table gives you a good understanding of the profitability of the area.

Is the housing market in Huthwaite growing?

Whenever you are thinking about looking for houses for sale in Huthwaite, 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
Huthwaite growth rate 5% 20% 26%

As the population of Huthwaite 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.

In Huthwaite, what do houses for sale tend to sell for?

In Huthwaite, the average sale price of a house for sale is in fact £146,510. This is dependent on the 10 year population growth of Huthwaite being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Huthwaite.

Housing category Total final sale price
Aerage sold price (detached) £200,813
Aerage sold price (semi-detached) £129,930
Aerage sold price (terraced) £96,406
Aerage sold price (flat) £73,060

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 Huthwaite.

Housing category Sale price per square foot
Aerage sold price/sqft £1,620
Aerage sold price/sqft (new build) £1,900
Aerage sold price/sqft (old stock) £1,520

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 £1,720. This means if you are just looking out the houses sold in Huthwaite in general and didn’t take into consideration the type of build. For example, a new build.

In Huthwaite, what are the demographics like?

In Huthwaite, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Huthwaite is 14%. 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 Huthwaite is £34,400.

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.

How deprived is the population of Huthwaite?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Huthwaite, currently, 33% 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.

What’s crime like in Huthwaite?

The crime rate of Huthwaite 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 126, 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 (126) is both useful and is recommended to be compared to the average.

Is there sufficient green space in Huthwaite?

In the city of Huthwaite, there are 27.0 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Huthwaite is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

How much do people in Huthwaite earn?

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.

£34,400 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 12% for Huthwaite.

What is the population of Huthwaite?

The city of Huthwaite has a total population of 72,893. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Huthwaite is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Huthwaite

Over time, in the last five years, the population of the city of Huthwaite has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Huthwaite?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Huthwaite can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

What is the city of Huthwaite’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 Huthwaite, the percentage of people in the two highest categories, A and B is 12%. 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 £34,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (12%).

In the city of Huthwaite, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Nottinghamshire for example.

These demographics for Huthwaite may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Huthwaite in East Midlands.

On average, what is the figure for the asking price of a house for sale in Huthwaite?

On average, in Huthwaite, the asking price for a house for sale in the area is £191,211.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Huthwaite. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

The average asking price for the houses for sale in the city of Huthwaite

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £135,416
Average asking price (3 bed) £194,338
Average asking price (4 bed) £307,573
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £1,830. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Huthwaite has a lack of supply of housing in certain categories.

Advice from experts on properties for sale in Huthwaite

Finding the ideal house for sale for you

When browsing houses for sale in Huthwaite 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

Are you considering other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in East Midlands, the same UK region as Huthwaite:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

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