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How much will you pay for a house for sale in Chapeltown?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much will you pay for a house for sale in Chapeltown?

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 Chapeltown, South Yorkshire.

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

In general, for the city of Chapeltown, what are the final purchase prices for the houses for sale?

For the city of Chapeltown, the average price a house sells for is £191,026. This value usually depends on the exact location of the house within Chapeltown as well as other factors like the population growth in Chapeltown which is 8% over a ten-year period.

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 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 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

Generalising the bottom table, the average value per square foot of a house for sale is £2,180. This value averages all of the types of houses for sale in Chapeltown. 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 Chapeltown.

Asking price in Chapeltown for a house for sale

Table showing the asking prices for 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

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Chapeltown is £0. This should show you the general prices overall and for individual types of houses too.

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 Chapeltown 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 £237,220.

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 Chapeltown.

What are the demographics like in the city of Chapeltown?

In the city of Chapeltown, is there a lot of green space?

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 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 Chapeltown, the percentage of people in the two highest categories, A and B is 23%. 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 £42,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).

In Chapeltown, how educated are people in general?

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.

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.

What does the population of Chapeltown look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Chapeltown if 41,369 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 Chapeltown such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Chapeltown 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 Chapeltown?

In the last decade, the population of Chapeltown 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.

Are the deprivation levels of the UK any different to Chapeltown?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Chapeltown, in particular, the deprivation levels are 29%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In the city of Chapeltown, 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 South Yorkshire for example.

These demographics for Chapeltown 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 Chapeltown in East Midlands.

In Chapeltown, what is the crime rate?

For the city of Chapeltown, crime rate is at 76. So for every 1000 people in the area, 76 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In Chapeltown, 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 Chapeltown. 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 Chapeltown.

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 (South Yorkshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Chapeltown.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Chapeltown 4.4% £874 109% 21.0%
South Yorkshire 4.41% £714 106.44% 22.07%
East Midlands 4.02% £775 113.13% 19.44%

You may also find it useful to compare the data above to the number of properties sold per month Chapeltown experiences. This figure for house sales per month is 29. 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.

Is the housing market in Chapeltown growing?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Chapeltown that shows the growth in recent years.

1 year 3 years 5 years
Chapeltown growth rate -3% 11% 21%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Chapeltown is important.

Professional advice for houses for sale in Chapeltown

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Chapeltown.
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.

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

Thinking about other cities with houses for sale?

Below are a list of towns with a similar location to Chapeltown.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

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