Crownthorpe can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Crownthorpe.
On top of this, keep reading for detailed information on the demographics of Crownthorpe in Norfolk. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What kind of demographics does the city of Crownthorpe have?
Crownthorpe in the county of Norfolk is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Crownthorpe is located in; East of England.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Crownthorpe, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What is the education level like in Crownthorpe?
Interestingly, the percentage of people who have a degree in the city of Crownthorpe is 28%. 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 Crownthorpe is £44,700.
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.
In the city of Crownthorpe, is there a lot of 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 Crownthorpe currently has 12.0 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 Crownthorpe in this case.
How much do people in Crownthorpe 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 £44,700.
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 Crownthorpe this figure is 26%.
In Crownthorpe, what are the deprivation levels like?
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 Crownthorpe is 20%.
What’s the crime rate in Crownthorpe?
For every one thousand people living in Crownthorpe, 85 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 85 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
What is a social grade score and how does this relate to Crownthorpe?
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 Crownthorpe in grades A or B which are the highest skilled roles in the country is 26%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £44,700 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 26%.
In the city of Crownthorpe, has the population grown or shrunk?
The city of Crownthorpe has a total population of 17,462. 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 Crownthorpe 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 Crownthorpe
Over time, in the last five years, the population of the city of Crownthorpe has changed by 9%. 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 9% 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 Crownthorpe?
In the last 10 years, there has been a shift in the population of 17%.
Comparing this to the 5 year figure of Crownthorpe 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.
In general, what do houses for sale sell for in Crownthorpe?
For the city of Crownthorpe, the average price a house sells for is £273,076. This value usually depends on the exact location of the house within Crownthorpe as well as other factors like the population growth in Crownthorpe which is 17% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£326,021|
|Aerage sold price (semi-detached)||£236,904|
|Aerage sold price (terraced)||£208,299|
|Aerage sold price (flat)||£148,380|
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 Crownthorpe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,750|
|Aerage sold price/sqft (new build)||£2,580|
|Aerage sold price/sqft (old stock)||£2,730|
Generalising the bottom table, the average value per square foot of a house for sale is £3,040. This value averages all of the types of houses for sale in Crownthorpe. 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 Crownthorpe.
Why you should consider the average rental yield when searching for houses for sale in Crownthorpe
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Crownthorpe. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Crownthorpe.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Norfolk), a regional level (East of England) and finally on the level of the city talked about in this article, Crownthorpe.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Crownthorpe||3.2%||£934||no relevant data for this city||24.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
You may also find it useful to compare the data above to the number of properties sold per month Crownthorpe experiences. This figure for house sales per month is 24. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What is the growth in the housing market of Crownthorpe?
The growth of an area like Crownthorpe 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|
|Crownthorpe growth rate||no relevant data for this city||9%||19%|
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 Crownthorpe if you want to find out the exact reasons for the housing change.
On average, what is the figure for the asking price of a house for sale in Crownthorpe?
On average, in Crownthorpe, the asking price for a house for sale in the area is £347,359.
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 Crownthorpe. 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.
In the city of Crownthorpe, 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)||£247,632|
|Average asking price (3 bed)||£312,014|
|Average asking price (4 bed)||£438,438|
|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 Crownthorpe is £3,340. This should show you the general prices overall and for individual types of houses too.
Invest in houses for sale in Crownthorpe with the right professional advice
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Crownthorpe?
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.
House for sale in the same UK region
Examine this short list of cities belonging to East of England, the same region where Crownthorpe is located.
- Deeping-Gate in East of England
- Limbury in East of England
- Barling in East of England
- Bricket-Wood in East of England
- Bawdeswell in East of England
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.