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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 Chadwell Heath, London.
From the average asking price of houses for sale in Chadwell Heath, to the growth of the population in the area, all will be talked about regarding the city of Chadwell Heath. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
On average, what is the figure for the asking price of a house for sale in Chadwell Heath?
Average prices for the houses for sale in Chadwell Heath
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £292,143 |
| Average asking price (3 bed) | £471,231 |
| Average asking price (4 bed) | £562,750 |
| Average asking price (5 bed) | no relevant data for this city |
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Chadwell Heath has a lack of supply of housing in certain categories.
When speaking about the city of Chadwell Heath, £442,687 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 in Chadwell Heath would be after a larger house than someone living alone.
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.
In general, for the city of Chadwell Heath, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Chadwell Heath, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Chadwell Heath.
Houses for sale, are sold on average in Chadwell Heath, after the influence of these factors, at £377,494 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 14% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £447,036 |
| Aerage sold price (semi-detached) | £417,183 |
| Aerage sold price (terraced) | £392,947 |
| Aerage sold price (flat) | £232,167 |
This table above shows the average sale price for each variation of houses for sale in Chadwell Heath.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,120 |
| Aerage sold price/sqft (new build) | £3,970 |
| Aerage sold price/sqft (old stock) | £4,060 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Chadwell Heath is £4,120.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Thinking of a different city and perhaps a different location?
If you are looking for a list of cities that are different to the City of Chadwell Heath and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:
- barton-bendish in Greater London
- byfleet in Greater London
- bow in Greater London
- beaconsfield in Greater London
- warndon in Greater London
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.
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Chadwell Heath?
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.
Professional advice for houses for sale in Chadwell Heath
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
In Chadwell Heath, what are the rental yields?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chadwell Heath, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
In Chadwell Heath, how has the number of houses changed?
The growth of an area like Chadwell Heath 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 | |
|---|---|---|---|
| Chadwell Heath growth rate | -1% | 10% | 14% |
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 Chadwell Heath if you want to find out the exact reasons for the housing change.
What are the people like in Chadwell Heath?
In the city of Chadwell Heath, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Chadwell Heath if 32912 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Chadwell Heath such as rental yield or house appreciation.
How has the population size of Chadwell Heath adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Chadwell Heath by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Chadwell Heath?
In the last decade, the population of Chadwell Heath has been adjusted by 14%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
How much are those living in Chadwell Heath earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£45,700.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 20% for Chadwell Heath.
How deprived is the population of Chadwell Heath?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chadwell Heath, currently, £0 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.
The city of Chadwell Heath, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Chadwell Heath and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Chadwell Heath. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In general, do people commit a lot of crime in Chadwell Heath?
The crime rate of Chadwell Heath must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 11200%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (11200%) is both useful and is recommended to be compared to the average.
What is a social grade score and how does this relate to Chadwell Heath?
In the city of Chadwell Heath 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 Chadwell Heath has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 20%.
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 |
How much green space is available to residents of Chadwell Heath?
In the city of Chadwell Heath, there are 18 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 Chadwell Heath is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Is the education level of Chadwell Heath important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Chadwell Heath is 25%. 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 Chadwell Heath is £45,700.00.
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.
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