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A guide on houses for sale in Chapmore End

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ A guide on houses for sale in Chapmore End

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As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Chapmore End. 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 Chapmore End 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 Chapmore End will be revealed. Keep reading.

A house for sale appropriate to your needs

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 Chapmore End.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • 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.

  • 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.

  • 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.

  • 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.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • 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

  • 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.

On average, what is the figure for the asking price of a house for sale in Chapmore End?

On average, in Chapmore End, the asking price for a house for sale in the area is £473,070.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Chapmore End. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

The average asking price for the houses for sale in the city of Chapmore End

Average asking price (1 bed) £235,937
Average asking price (2 bed) £327,735
Average asking price (3 bed) £516,291
Average asking price (4 bed) £709,146
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £4,870. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Chapmore End has a lack of supply of housing in certain categories.

Always consider average rental yield when searching for houses for sale in Chapmore End

In Chapmore End, how has the number of houses changed?

Before committing to Chapmore End 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
Chapmore End growth rate -6% -4% 1%

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 Chapmore End is building housing to find your answer.

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 Chapmore End, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Hertfordshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Chapmore End £0 £1,185 no relevant data for this city £0
Hertfordshire 3.33% £1,381.63 133.74% 16.45%
East of England 0.03 1,148.32 £1 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Chapmore End you might be interested in the number of sales per month (25) that happen in the local housing market. Comparing this figure for Chapmore End with the above table gives you a good understanding of the profitability of the area.

In general, what do houses for sale sell for in Chapmore End?

For the city of Chapmore End, the average price a house sells for is £392,994. This value usually depends on the exact location of the house within Chapmore End as well as other factors like the population growth which is 11% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £677,654
Aerage sold price (semi-detached) £461,124
Aerage sold price (terraced) £387,041
Aerage sold price (flat) £250,074

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 Chapmore End.

Housing category Sale price per square foot
Aerage sold price/sqft £4,480
Aerage sold price/sqft (new build) £4,270
Aerage sold price/sqft (old stock) £4,460

Generalising the bottom table, the average value per square foot of a house for sale is £4,680. This value averages all of the types of houses for sale in Chapmore End. 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 Chapmore End.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Get professional help on the houses for sale in Chapmore End

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.

What kind of demographics does the city of Chapmore End have?

In the city of Chapmore End, 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 Hertfordshire for example.

These demographics for Chapmore End 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 Chapmore End in East of England.

What is the education level like in Chapmore End?

Interestingly, the percentage of people who have a degree in the city of Chapmore End is 30%. 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 Chapmore End is £49,300.00.

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 salary does the community in Chapmore End take home?

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 (30%). 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 Chapmore End, this works out to be £49,300.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is the city of Chapmore End’s social grade score?

In the city of Chapmore End, the social grade score of the area is 30%. 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 Chapmore End.

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 people of Chapmore End 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 Chapmore End is £0.

What’s the crime rate in Chapmore End?

For the city of Chapmore End, crime rate is at 6300%. So for every 1000 people in the area, 6300% 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.

Have the people of Chapmore End grown in numbers?

In total, the number of people in Chapmore End is 29700. 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 Chapmore End, depending on where exactly you are.

How has Chapmore End 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 Chapmore End has changed by 5%. 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 5% 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 Chapmore End?

11% 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 Chapmore End 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.

Do the people of Chapmore End get to enjoy green space?

In the city of Chapmore End, there are 20 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 Chapmore End is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Thinking of a different city and perhaps a different location?

If you are looking for similar places to buy a house that are just like Chapmore End, examine this short list of cities below from outside of the region of East of England for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

FAQ

If you are a landlord, should you renovate a property in the city of Chapmore End?

Amidst the urban landscape of Chapmore End, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 11 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (29700).

What is the monthly count of property transactions in Chapmore End?

In the city of Chapmore End, there are 25 and in the total for the UK, there are around 1.1 million property sales.

In a city like Chapmore End, what’s the yearly fluctuation in population?

Calculating the evolution of Chapmore End’s population requires an examination of the population transformation over a decade, amounting to 11%, and the five-year adjustment at 5%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

prices for houses on sale in the broader vicinity of Chapmore End?

Currently, the mean asking price of a house in Chapmore End is £4,870, calculated using the average value per square foot

Is investing in a house for sale in Chapmore End a financially demanding choice?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Chapmore End this number is £392,994 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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