Gunthorpe 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 Cambridgeshire.
Before looking for a house for sale in the city of Gunthorpe 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 Gunthorpe.
What are the asking prices for the houses for sale in the city of Gunthorpe?
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 Gunthorpe 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 £248,932.
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 Gunthorpe.
Table showing the asking prices for houses for sale in Gunthorpe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£188,500|
|Average asking price (3 bed)||£245,114|
|Average asking price (4 bed)||£345,415|
|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 Gunthorpe is the right area to buy a house in for you.
What are the demographics like in the city of Gunthorpe?
In the city of Gunthorpe, is there a lot of green space?
In the city of Gunthorpe, there are 5.7 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 Gunthorpe is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How educated are the people in Gunthorpe?
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. £41,100 is the amount people in Gunthorpe 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 Gunthorpe, 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 is a social grade score and how does this relate to Gunthorpe?
In the city of Gunthorpe 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 Gunthorpe has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 14%.
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|
Is the crime rate bad in the city of Gunthorpe?
Within Gunthorpe, the number of people committing crimes is 100 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 100 figure carefully.
In the city of Gunthorpe, has the population grown or shrunk?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Gunthorpe is 28,267.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Gunthorpe.
In Gunthorpe, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 5%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Gunthorpe is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (5%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Gunthorpe population difference over 10 years?
The population has adjusted in the area of Gunthorpe by 12% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Gunthorpe.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
How much are those living in Gunthorpe earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (14%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Gunthorpe, this works out to be £41,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Are the people of Gunthorpe deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Gunthorpe, 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 the city of Gunthorpe, 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 Cambridgeshire for example.
These demographics for Gunthorpe 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 Gunthorpe in East of England.
What is the final sale price of a house in Gunthorpe?
In Gunthorpe, the average sale price of a house for sale is in fact £199,624. This is dependent on the 10 year population growth of Gunthorpe being 12%. Growing populations are more likely to inflate the prices of houses for sale in the city of Gunthorpe.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£250,654|
|Aerage sold price (semi-detached)||£188,323|
|Aerage sold price (terraced)||£154,799|
|Aerage sold price (flat)||£95,931|
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 Gunthorpe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,310|
|Aerage sold price/sqft (new build)||£2,510|
|Aerage sold price/sqft (old stock)||£2,190|
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 £2,310. This means if you are just looking out the houses sold in Gunthorpe in general and didn’t take into consideration the type of build. For example, a new build.
In Gunthorpe, 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 Gunthorpe, 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)|
|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 Gunthorpe you might be interested in the number of sales per month (22) that happen in the local housing market. Comparing this figure for Gunthorpe with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Gunthorpe growing?
Before committing to Gunthorpe 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|
|Gunthorpe growth rate||3%||15%||32%|
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 Gunthorpe is building housing to find your answer.
Professional advice for houses for sale in Gunthorpe
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
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Gunthorpe.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
House for sale in the same UK region
Below are a list of towns with a similar location to Gunthorpe.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:
- Blackmore-End in East of England
- Camps-End in East of England
- Colney in East of England
- Billingford in East of England
- Arlesey in East of England
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.