As a landlord, whenever you are looking at houses for sale in South Yorkshire, you could find varying prices throughout an area like Chapeltown. 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 Chapeltown 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 Chapeltown will be revealed. Keep reading.
Are there any important statistics about the population of Chapeltown?
How much do people in Chapeltown earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (23%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Chapeltown, this works out to be £42,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Chapeltown, what is the social grade score?
In the city of Chapeltown, the social grade score of the area is 23%. 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 Chapeltown.
|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|
Chapeltown in the county of South 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 Chapeltown is located in; East Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Chapeltown, 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.
In the city of Chapeltown, has the population grown or shrunk?
Population growth in Chapeltown 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 Chapeltown, 41,369 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 Chapeltown 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 Chapeltown, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Chapeltown?
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 8% in Chapeltown.
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.
Are the deprivation levels of the UK any different to Chapeltown?
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 Chapeltown is 29%.
Is the education level of Chapeltown important when buying a house?
In the city of Chapeltown, 20% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Chapeltown is £42,100. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In the city of Chapeltown, how much green space remains for residents?
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 Chapeltown, 24.9 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 Chapeltown.
In Chapeltown, what is the crime rate?
In Chapeltown, for every 1000 people, there is currently a crime rate of 76. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (76 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
What is the asking price on average of houses for sale in Chapeltown?
Average prices for the houses for sale in Chapeltown
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£160,393|
|Average asking price (3 bed)||£232,880|
|Average asking price (4 bed)||£395,601|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Chapeltown and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
When investors make offers for houses for sale in Chapeltown, the average price asked by the homeowners works out to be £237,220.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Chapeltown is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Chapeltown?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
houses for sale in other cities and regions in the UK
We have prepared a list of cities that are entirely dissimilar to the region of East Midlands, perfect if you are looking for somewhere similar to Chapeltown 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:
- Essington in East Midlands
- Bwlch-y-sarnau in East Midlands
- Amblecote in East Midlands
- Bellsquarry in East Midlands
- Glenrothes in East Midlands
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, for the city of Chapeltown, what are the final purchase prices for the houses for sale?
In Chapeltown, the average sale price of a house for sale is in fact £191,026. This is dependent on the 10 year population growth of Chapeltown being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Chapeltown.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£274,274|
|Aerage sold price (semi-detached)||£172,561|
|Aerage sold price (terraced)||£139,026|
|Aerage sold price (flat)||£107,868|
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 Chapeltown.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,180|
|Aerage sold price/sqft (new build)||£1,930|
|Aerage sold price/sqft (old stock)||£2,070|
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 £2,180. This means if you are just looking out the houses sold in Chapeltown in general and didn’t take into consideration the type of build. For example, a new build.
Always consider average rental yield when searching for houses for sale in Chapeltown
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Chapeltown this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East Midlands) alongside South Yorkshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Chapeltown.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Chapeltown.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (29) will be useful.
What is the growth in the housing market of Chapeltown?
Before committing to Chapeltown 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|
|Chapeltown growth rate||-3%||11%||21%|
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 Chapeltown is building housing to find your answer.
Advice from experts on properties for sale in Chapeltown
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.