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What is it like buying a house in Chapmore End?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ What is it like buying a house in Chapmore End?

Chapmore End might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Hertfordshire.
Before looking for a house for sale in the city of Chapmore End we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Chapmore End.

In Chapmore End, what is the asking price in general for a house for sale?

When investors make offers for houses for sale in Chapmore End, the average price asked by the homeowners works out to be £473,070.

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 Chapmore End 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.

Table showing the asking prices for houses for sale in 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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Chapmore End 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 £4,870 should also give you an overview of what the asking price for houses for sale are in general.

What are the people like in Chapmore End?

What’s crime like in Chapmore End?

The crime rate of Chapmore End must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 63, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (63) is both useful and is recommended to be compared to the average.

How educated are the people in Chapmore End?

In the city of Chapmore End, 30% 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 Chapmore End is £49,300. 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 deprived is the population of Chapmore End?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Chapmore End is 18% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

Have the people of Chapmore End grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Chapmore End if 29,700 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 Chapmore End such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Chapmore End by 5%. 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 5% 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 Chapmore End?

In the last decade, the population of Chapmore End has been adjusted by 11%. 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.

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.

In Chapmore End, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Chapmore End in grades A or B which are the highest skilled roles in the country is 30%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £49,300 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 30%.

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

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Chapmore End currently has 19.7 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Chapmore End in this case.

How much are those living in Chapmore End earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£49,300 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 30% for Chapmore End.

What is the final sale price of a house in Chapmore End?

In Chapmore End, the average sale price of a house for sale is in fact £392,994. This is dependent on the 10 year population growth of Chapmore End being 11%. Growing populations are more likely to inflate the prices of houses for sale in the city of Chapmore End.

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 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 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

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 £4,680. This means if you are just looking out the houses sold in Chapmore End in general and didn’t take into consideration the type of build. For example, a new build.

What’s the rental yield in general for the city of Chapmore End?

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 3.0% £1,185 no relevant data for this city 19.0%
Hertfordshire 3.33% £1,382 133.74% 16.45%
East of England 3.49% £1,148 126.76% 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 (28) 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.

What is the growth in the housing market of Chapmore End?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Chapmore End at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Chapmore End growth rate -6% -4% 1%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Chapmore End gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Chapmore End.

Advice from experts on properties for sale in Chapmore End

Finding the ideal house for sale for you

What parameters impact the final price of a house for sale in Chapmore End?
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.

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

houses for sale in other cities in the UK

Examine this short list of cities belonging to East of England, the same region where Chapmore End is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

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