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A guide on houses for sale in Huthwaite

by | Nov 15, 2022

Home $ House for sale in the UK $ A guide on houses for sale in Huthwaite

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Whenever looking for a house for sale in the UK or in Huthwaite, it is vital you look at the market trends and house price fluctuations in the wider area of Nottinghamshire 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 Huthwaite.

In this article, we will be looking at the city of Huthwaite in detail so you know how to navigate the area and have a better understanding on where to invest.

Are you considering other cities with houses for sale?

You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Huthwaite:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

Invest in houses for sale in Huthwaite with the right professional advice

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

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

In Huthwaite, houses for sale are sold at an average of £146,510. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Huthwaite. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Huthwaite, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 8% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Huthwaite, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Huthwaite is £1,720.

What are the people like in Huthwaite?

For the city of Huthwaite, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 14%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,400.00 is the amount people in Huthwaite are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Huthwaite, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

How deprived is the population of Huthwaite?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Huthwaite is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In the city of Huthwaite, how much green space remains for residents?

In the city of Huthwaite, there are 27 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.

The city of Huthwaite, situated in Nottinghamshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Huthwaite and its demographics will be compared to its wider location (East Midlands). 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 Huthwaite. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In general, do people commit a lot of crime 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 12600%, 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 (12600%) is both useful and is recommended to be compared to the average.

How much are those living in Huthwaite earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Huthwaite. Compare the area’s average household income of £34,400.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 12% for more conclusive data on the affluence of the area.

What is the population of Huthwaite?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Huthwaite if 72893 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 Huthwaite such as rental yield or house appreciation.

How has the population size of Huthwaite adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Huthwaite by 4%. 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 4% 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 Huthwaite?

In the last decade, the population of Huthwaite has been adjusted by 8%. 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.

In Huthwaite, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Huthwaite in grades A or B which are the highest skilled roles in the country is 12%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £34,400.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 12%.

What’s the rental yield in general for the city of Huthwaite?

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Huthwaite.

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 (Nottinghamshire) as well as the broader region; East Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Huthwaite £0 £653 £1 £0
Nottinghamshire 4.39% £865.10 134.00% 19.74%
East Midlands 0.04 774.81 £1 19.44%

Also, you can compare other data to the table above such as the number of houses sold per month in Huthwaite which is 54 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 Huthwaite is to invest in. Both in terms of rental yield and capital appreciation.

Are there new houses being built in Huthwaite to make it grow?

Before committing to Huthwaite 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
Huthwaite growth rate 5% 20% 26%

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 Huthwaite is building housing to find your answer.

What is the asking price on average of houses for sale in Huthwaite?

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

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 (£1,830) for houses for sale with this table to get a good idea as to whether Huthwaite is the right area to buy a house in for you.

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 Huthwaite 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 £191,211.

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 Huthwaite.

Invest in a house for sale that meets your demands

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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
  • 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.

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Huthwaite?

Every single month in Huthwaite, there are 22 planning applications, of which nan result in a success. Look at this in terms of the population size of 72893 to work out if you think you’d have good planning success if you were to renovate.

In Huthwaite, how many property sales per month are there?

54 property transactions are reported in Huthwaite each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

How does the population in a city like Huthwaite change annually?

To assess the shifts in Huthwaite’s population over time, analyse how the population has altered. Look at the ten year change of population of 8%, alongside the five-year change of 4%.

prices for houses on sale in the broader vicinity of Huthwaite?

The average cost per square foot for a house in Huthwaite is presently £1,830.

Is investing in a house for sale in Huthwaite a financially demanding choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Huthwaite, this figure stands at £146,510, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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