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 Claypole, Lincolnshire.
From the average asking price of houses for sale in Claypole to the growth of the population in the area, all will be talked about regarding the city of Claypole. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the asking price on average of houses for sale in Claypole?
Average price of houses for sale in Claypole
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £265,381 |
| Average asking price (3 bed) | £362,633 |
| Average asking price (4 bed) | £514,677 |
| Average asking price (5 bed) | £610,000 |
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 (£0) for houses for sale with this table to get a good idea as to whether Claypole is the right area to buy a house in for you.
When investors make offers for houses for sale in Claypole, the average price asked by the homeowners works out to be £447,043.
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 Claypole 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.
Are there any important statistics about the population of Claypole?
Is the city of Claypole deprived?
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 Claypole is 22%.
Is the education level of Claypole important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Claypole is 25%. 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 Claypole is £48,900.
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.
What is the social grade score of Claypole?
In the city of Claypole and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Claypole has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 33%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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’s the crime rate in Claypole?
Within Claypole, the number of people committing crimes is 51 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 51 figure carefully.
How much green space is available to residents of Claypole?
Whether you view green space in Claypole as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Claypole, the number of acres of green space for every 1000 people currently is 12.0 which can be measured against the UK average of 1.7.
What salary does the community in Claypole 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 £48,900.
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 Claypole this figure is 33%.
Claypole in the county of Lincolnshire 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 Claypole 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 Claypole, 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 Claypole, has the population grown or shrunk?
In total, the number of people in Claypole is 17,435. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Claypole, depending on where exactly you are.
How has Claypole changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Claypole has changed by 4%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 4% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Claypole?
7% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Claypole have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In general, what do houses for sale sell for in Claypole?
For the city of Claypole, the average price a house sells for is £305,939. This value usually depends on the exact location of the house within Claypole as well as other factors like the population growth in Claypole which is 7% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £339,687 |
| Aerage sold price (semi-detached) | £211,333 |
| Aerage sold price (terraced) | £184,055 |
| Aerage sold price (flat) | no relevant data for this city |
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 Claypole.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,250 |
| Aerage sold price/sqft (new build) | £2,280 |
| Aerage sold price/sqft (old stock) | £2,180 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,250. This value averages all of the types of houses for sale in Claypole. 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 Claypole.
Always consider average rental yield when searching for houses for sale in Claypole
Are there more or fewer houses being built in Claypole?
Whenever you are thinking about looking for houses for sale in Claypole, 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 | |
|---|---|---|---|
| Claypole growth rate | 3% | 22% | 25% |
As the population of Claypole 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.
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 Claypole, 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 Lincolnshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Claypole | no relevant data for this city | no relevant data for this city | no relevant data for this city | 14.0% |
| Lincolnshire | 3.97% | £689 | 100.56% | 15.86% |
| 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 Claypole you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Claypole with the above table gives you a good understanding of the profitability of the area.
Invest in houses for sale in Claypole with the right professional advice
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Finding the ideal house for sale for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Claypole.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
House for sale in the same UK region
See here below a list of cities in the same UK region of Claypole which is East Midlands. You might want to consider these as alternatives for your next real estate investment:
- Blyborough in East Midlands
- Arnesby in East Midlands
- Burnaston in East Midlands
- Breadsall in East Midlands
- Huthwaite in East Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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