Whenever looking for a house for sale in the UK or in Chatteris, it is vital you look at the market trends and house price fluctuations in the wider area of Cambridgeshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Chatteris.
In this article, we will be looking at the city of Chatteris in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, for the city of Chatteris, what are the final purchase prices for the houses for sale?
In Chatteris, the average sale price of a house for sale is in fact £196,754. This is dependent on the 10 year population growth of Chatteris being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Chatteris.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£265,548|
|Aerage sold price (semi-detached)||£186,590|
|Aerage sold price (terraced)||£158,143|
|Aerage sold price (flat)||£103,219|
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 Chatteris.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,230|
|Aerage sold price/sqft (new build)||£1,700|
|Aerage sold price/sqft (old stock)||£2,150|
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 £2,230. This means if you are just looking out the houses sold in Chatteris in general and didn’t take into consideration the type of build. For example, a new build.
Are there any important statistics about the population of Chatteris?
Chatteris within Cambridgeshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Chatteris will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Chatteris.
In the city of Chatteris, is there a lot of green space?
Whether you view green space in Chatteris 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 Chatteris, the number of acres of green space for every 1000 people currently is 5.9 which can be measured against the UK average of 1.7.
What is the education level like in Chatteris?
The number of people as a percentage who have been through university and gained a degree is 18%. The ability to buy a home is greatly influenced by the number of people who have degrees. £43,100 is the amount people in Chatteris are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Chatteris, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What’s a social grade score and how does it relate to Chatteris?
In the city of Chatteris 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 Chatteris has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 16%.
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 is the population of Chatteris?
The city of Chatteris has a total population of 10,432. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Chatteris is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Chatteris
Over time, in the last five years, the population of the city of Chatteris has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Chatteris?
In the last 10 years, there has been a shift in the population of 7%.
Comparing this to the 5 year figure of Chatteris can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
What’s crime like in Chatteris?
In Chatteris, for every 1000 people, there is currently a crime rate of 95. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (95 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Are the people in Chatteris earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Chatteris, the average income is £43,100. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.
How deprived is the population of Chatteris?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chatteris, currently, 26% 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.
In Chatteris, what is the asking price in general for a house for sale?
Table showing the asking prices for houses for sale in Chatteris
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£210,714|
|Average asking price (3 bed)||£262,075|
|Average asking price (4 bed)||£379,333|
|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 Chatteris is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Chatteris, £259,227 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Chatteris.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
What’s the rental yield in general for the city of Chatteris?
Is the housing market in Chatteris growing?
The growth of an area like Chatteris can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Chatteris growth rate||9%||18%||21%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Chatteris if you want to find out the exact reasons for the housing change.
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 Chatteris, 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 Cambridgeshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Chatteris||no relevant data for this city||no relevant data for this city||no relevant data for this city||19.0%|
|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 Chatteris you might be interested in the number of sales per month (13) that happen in the local housing market. Comparing this figure for Chatteris with the above table gives you a good understanding of the profitability of the area.