What is it like buying a house in Chalk?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ What is it like buying a house in Chalk?

Chalk 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 Kent.
Before looking for a house for sale in the city of Chalk 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 Chalk.

On average, what is the figure for the asking price of a house for sale in Chalk?

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 Chalk 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 £359,949.

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 Chalk.

The average asking price for the houses for sale in the city of Chalk

Average asking price (1 bed) £171,250
Average asking price (2 bed) £282,973
Average asking price (3 bed) £365,583
Average asking price (4 bed) £494,265
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 (£3,620) for houses for sale with this table to get a good idea as to whether Chalk is the right area to buy a house in for you.

In Chalk, what are the demographics like?

What’s a social grade score and how does it relate to Chalk?

In the city of Chalk, the social grade score of the area is 15%. 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 Chalk.

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 educated are the people in Chalk?

In the city of Chalk, 19% 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 Chalk is £44,200.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Are the people in Chalk earning a lot?

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 (15%). 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 Chalk, this works out to be £44,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s crime like in Chalk?

In Chalk, for every 1000 people, there is currently a crime rate of 136. 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 (136 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.

Are the people of Chalk deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Chalk is 27% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In the city of Chalk, 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 Kent for example.

These demographics for Chalk 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 Chalk in Greater London.

In the city of Chalk, is there a lot of green space?

In the city of Chalk, there are 27.6 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 Chalk is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In Chalk, how has the population changed?

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 Chalk is 46,978.

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 Chalk.

In Chalk, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 1%. 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 Chalk 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 (1%) 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.

Chalk population difference over 10 years?

The population has adjusted in the area of Chalk by 6% 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 Chalk.

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.

In Chalk, what do houses for sale tend to sell for?

For the city of Chalk, the average price a house sells for is £304,102. This value usually depends on the exact location of the house within Chalk as well as other factors like the population growth in Chalk which is 6% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £473,188
Aerage sold price (semi-detached) £330,720
Aerage sold price (terraced) £276,968
Aerage sold price (flat) £169,054

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 Chalk.

Housing category Sale price per square foot
Aerage sold price/sqft £3,380
Aerage sold price/sqft (new build) £3,500
Aerage sold price/sqft (old stock) £3,300

Generalising the bottom table, the average value per square foot of a house for sale is £3,500. This value averages all of the types of houses for sale in Chalk. 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 Chalk.

In Chalk, what are the rental yields?

What is the growth in the housing market of Chalk?

Before committing to Chalk 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
Chalk growth rate 7% 21% 25%

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 Chalk is building housing to find your answer.

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 Chalk.

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 (Kent) as well as the broader region; Greater London.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Chalk 3.9% £1,170 138% 31.0%
Kent 3.63% £1,229 130.16% 16.77%
Greater London 3.88% £1,899 129.14% 13.30%

Also, you can compare other data to the table above such as the number of houses sold per month in Chalk which is 30 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 Chalk is to invest in. Both in terms of rental yield and capital appreciation.