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 Clenchwarton, Norfolk.
From the average asking price of houses for sale in Clenchwarton to the growth of the population in the area, all will be talked about regarding the city of Clenchwarton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Why you should consider the average rental yield when searching for houses for sale in Clenchwarton
Is the housing market in Clenchwarton growing?
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 Clenchwarton that shows the growth in recent years.
|1 year||3 years||5 years|
|Clenchwarton growth rate||5%||29%||36%|
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 Clenchwarton is important.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Clenchwarton.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Norfolk) as well as the broader region; East of England.
|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||8.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
Also, you can compare other data to the table above such as the number of houses sold per month in Clenchwarton which is 6 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Clenchwarton is to invest in. Both in terms of rental yield and capital appreciation.
In general, for the city of Clenchwarton, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Clenchwarton. In Clenchwarton, this sale price works out to be £230,014. As an example, a factor like population growth over the last 10 years which works out to be 3% in Clenchwarton and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£269,225|
|Average sold price (semi-detached)||£188,776|
|Average sold price (terraced)||£154,552|
|Average sold price (flat)||no relevant data for this city|
Above, the exact type of house is also shown to vary in price in a table in Clenchwarton. 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||£2,200|
|Average sold price/sqft (new build)||£2,220|
|Average sold price/sqft (old stock)||£2,120|
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 Clenchwarton which is £2,200. 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.
What is the asking price on average of houses for sale in Clenchwarton?
In the city of Clenchwarton, what is the average asking price for the houses for sale?
|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|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Clenchwarton is the right area to buy a house in for you.
On average, in Clenchwarton, the asking price for a house for sale in the area is £317,932.
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 Clenchwarton. 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.
What are the people like in Clenchwarton?
In Clenchwarton, what is the social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Clenchwarton, the percentage of people in the two highest categories, A and B is 13%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £39,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).
What’s crime like in Clenchwarton?
For the city of Clenchwarton, crime rate is at 54. So for every 1000 people in the area, 54 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.
Do the people of Clenchwarton get to enjoy green space?
In the city of Clenchwarton, there are 10.7 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 Clenchwarton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Clenchwarton within Norfolk is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Clenchwarton 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 Clenchwarton.
Are the people in Clenchwarton earning a lot?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Clenchwarton. Compare the area’s average household income of £39,500 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 13% for more conclusive data on the affluence of the area.
Is the city of Clenchwarton deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Clenchwarton, in particular, the deprivation levels are 29%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Clenchwarton, how has the population changed?
In total, the number of people in Clenchwarton is 13,973. 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 Clenchwarton, depending on where exactly you are.
How has Clenchwarton 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 Clenchwarton has changed by no relevant data for this city. 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 no relevant data for this city 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 Clenchwarton?
3% 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 Clenchwarton 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.
In Clenchwarton, how educated are people in general?
In the city of Clenchwarton, 17% 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 Clenchwarton is £39,500.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.