As a landlord, whenever you are looking at houses for sale in Norfolk, you could find varying prices throughout an area like Clenchwarton. 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 Clenchwarton 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 Clenchwarton will be revealed. Keep reading.
A house for sale appropriate to your needs
When browsing houses for sale in Clenchwarton you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
In general, what do houses for sale sell for in Clenchwarton?
In Clenchwarton, houses for sale are sold at an average of £230,014. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Clenchwarton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£269,225|
|Aerage sold price (semi-detached)||£188,776|
|Aerage sold price (terraced)||£154,552|
|Aerage sold price (flat)||no relevant data for this city|
As you can see above, for Clenchwarton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,200|
|Aerage sold price/sqft (new build)||£2,220|
|Aerage sold price/sqft (old stock)||£2,120|
Looking at the second table about Clenchwarton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Clenchwarton is £2,200.
In Clenchwarton, what are the rental yields?
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 Clenchwarton, 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 Norfolk, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Clenchwarton||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
|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 Clenchwarton you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Clenchwarton with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Clenchwarton?
Before committing to Clenchwarton 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|
|Clenchwarton growth rate||5%||29%||36%|
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 Clenchwarton is building housing to find your answer.
Advice from experts on properties for sale in Clenchwarton
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 kind of demographics does the city of Clenchwarton have?
In the city of Clenchwarton, is there a lot of green space?
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 Clenchwarton, 11 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 Clenchwarton.
In Clenchwarton, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 17%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,500.00 is the amount people in Clenchwarton 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 Clenchwarton, 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.
In general, do people commit a lot of crime in Clenchwarton?
In Clenchwarton, for every 1000 people, there is currently a crime rate of 5400%. 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 (5400% 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.
In the city of Clenchwarton, 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 Norfolk for example.
These demographics for Clenchwarton 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 Clenchwarton in East of England.
Are the people of Clenchwarton 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 Clenchwarton is £0.
In Clenchwarton, what is the social grade score?
In the city of Clenchwarton, the social grade score of the area is 13%. 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 Clenchwarton.
|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|
How much do people in Clenchwarton earn?
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 £39,500.00.
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 Clenchwarton this figure is 13%.
What is the population of Clenchwarton?
Population growth in Clenchwarton is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Clenchwarton, 13973 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Clenchwarton in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Clenchwarton, this change has been no relevant data for this city. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of no relevant data for this city. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Clenchwarton?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Clenchwarton.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
What are the asking prices for the houses for sale in the city of Clenchwarton?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Clenchwarton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £317,932.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Clenchwarton.
Average prices for the houses for sale in Clenchwarton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£218,842|
|Average asking price (3 bed)||£282,573|
|Average asking price (4 bed)||£451,380|
|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, the average asking price for the house for sale in the whole of Clenchwarton is £0. This should show you the general prices overall and for individual types of houses too.
Are you considering other cities with houses for sale?
If you are looking for a list of cities that are different to the City of Clenchwarton and in different UK region to East of England. You might want to consider these as alternatives for your next real estate investment:
- ironville in East of England
- dudley in East of England
- aldclune in East of England
- ardbeg in East of England
- greasby in East of England
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
FAQ (Frequently Asked Questions)
Do properties in Clenchwarton have the potential for renovation?
Clenchwarton is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 9 each month, attaining a success rate of nan and a total population of 13973. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
How many property sales occur per month in Clenchwarton?
In Clenchwarton, the monthly property transaction count reaches 6, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
What’s the year-over-year population change in Clenchwarton or similar cities?
To work out how the population of Clenchwarton has changed over time, you can look at the population change over a decade which is 3% and the change in a five year period two which falls at no relevant data for this city. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
prices for houses on sale in the broader vicinity of Clenchwarton?
Currently, the mean asking price of a house in Clenchwarton is £0, calculated using the average value per square foot
Is purchasing a house in Clenchwarton considered a costly decision?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Clenchwarton, the value is £230,014, whereas the UK’s mean is £286,500