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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 Caddington, Bedfordshire.
From the average asking price of houses for sale in Caddington, to the growth of the population in the area, all will be talked about regarding the city of Caddington. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Caddington?
Table showing the asking prices for houses for sale in Caddington
| Average asking price (1 bed) | £201,833 |
| Average asking price (2 bed) | £247,326 |
| Average asking price (3 bed) | £339,925 |
| Average asking price (4 bed) | £463,621 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Caddington, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Caddington is £272,909.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Caddington is useful when negotiating and knowing what to expect for every type of house for sale.
In Caddington, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Caddington. In Caddington, this sale price works out to be £266,343. As an example, a factor like population growth over the last 10 years which works out to be 8% in Caddington and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £494,917 |
| Average sold price (semi-detached) | £303,411 |
| Average sold price (terraced) | £232,548 |
| Average sold price (flat) | £126,508 |
Above, the exact type of house is also shown to vary in price in a table in Caddington. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
| Housing category | Sale price per square foot |
|---|---|
| Average sold price/sqft | £3,100 |
| Average sold price/sqft (new build) | £3,440 |
| Average sold price/sqft (old stock) | £2,950 |
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Caddington which is £3,100. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Why you should consider the average rental yield when searching for houses for sale in Caddington
What is the growth in the housing market of Caddington?
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 Caddington that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Caddington growth rate | -4% | 18% | 43% |
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 Caddington is important.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Caddington, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Caddington.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
Other cities in different locations you can consider to buy property
Below is a list of towns that differ from Caddington.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to East of England:
- beachamwell in East of England
- darlington in East of England
- horsforth in East of England
- bulverhythe in East of England
- airdrie in East of England
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Get professional help on the houses for sale in Caddington
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
What are the demographics like in the city of Caddington?
The city of Caddington, situated in Bedfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Caddington and its demographics will be compared to its wider location (East of England). 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 Caddington. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Caddington, how educated are people in general?
In the city of Caddington, 22% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Caddington is £39,300.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Have the people of Caddington grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Caddington is 43432.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Caddington.
In Caddington, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Caddington is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (1%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Caddington population difference over 10 years?
The population has adjusted in the area of Caddington by 8% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Caddington.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
How much are those living in Caddington earning?
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 (13%). 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 Caddington, this works out to be £39,300.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is a social grade score and how does this relate to Caddington?
In the city of Caddington 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 Caddington has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.
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 |
Are the deprivation levels of the UK any different to Caddington?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Caddington should give you a nice idea of the deprivation in the area.
In the city of Caddington, 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 Caddington, 19 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 Caddington.
In Caddington, what is the crime rate?
Within Caddington, the number of people committing crimes is 20500% 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 20500% figure carefully.
FAQ (Frequently Asked Questions)
If you are a landlord, should you renovate a property in the city of Caddington?
Properties in the city of Caddington may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 17 approvals every month with an approval of 72% based on a population of 43432. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Caddington?
In the city of Caddington, there are 19 and in the total for the UK, there are around 1.1 million property sales.
What’s the annual population shift in a city such as Caddington?
To assess the shifts in Caddington’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 1%.
What are the asking rates for houses for sale in the surrounding area of Caddington?
The average cost per square foot for a house in Caddington is presently £0.
Does opting for a house for sale in Caddington come with a hefty price tag?
Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Caddington, this figure stands at £266,343, while the UK average is £286,500.
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