As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Cheshunt. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Cheshunt to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Cheshunt will be revealed. Keep reading.
What is the final sale price of a house in Cheshunt?
In Cheshunt, the average sale price of a house for sale is in fact £356,782. This is dependent on the 10 year population growth of Cheshunt being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Cheshunt.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£537,395|
|Aerage sold price (semi-detached)||£416,058|
|Aerage sold price (terraced)||£354,587|
|Aerage sold price (flat)||£226,094|
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 Cheshunt.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,270|
|Aerage sold price/sqft (new build)||£4,400|
|Aerage sold price/sqft (old stock)||£4,200|
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 £4,270. This means if you are just looking out the houses sold in Cheshunt in general and didn’t take into consideration the type of build. For example, a new build.
Are there any important statistics about the population of Cheshunt?
Have the people of Cheshunt grown in numbers?
Population growth in Cheshunt is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Cheshunt, 35,806 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Cheshunt in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Cheshunt, this change has been 1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Cheshunt?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Cheshunt.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Are the people of Cheshunt deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 30% for Cheshunt should give you a nice idea of the deprivation in the area.
Are the people in Cheshunt earning a lot?
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 £41,700.
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 Cheshunt this figure is 15%.
What is the social grade score of Cheshunt?
In the city of Cheshunt, 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 Cheshunt.
|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|
What is the education level like in Cheshunt?
In the city of Cheshunt, 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 Cheshunt is £41,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Cheshunt, how much green space remains for residents?
Whether you view green space in Cheshunt as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Cheshunt, the number of acres of green space for every 1000 people currently is no relevant data for this city which can be measured against the UK average of 1.7.
The city of Cheshunt, situated in Hertfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Cheshunt 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 Cheshunt. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s crime like in Cheshunt?
In Cheshunt, for every 1000 people, there is currently a crime rate of 123. 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 (123 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.
On average, what is the figure for the asking price of a house for sale in Cheshunt?
The average asking price for the houses for sale in the city of Cheshunt
|Average asking price (1 bed)||£215,226|
|Average asking price (2 bed)||£310,000|
|Average asking price (3 bed)||£465,779|
|Average asking price (4 bed)||£635,928|
|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 Cheshunt has a lack of supply of housing in certain categories.
On average, in Cheshunt, the asking price for a house for sale in the area is £413,056.
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 Cheshunt. 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.
How are rental yields of the houses for sale different to the rest of the UK in Cheshunt?
What is the growth in the housing market of Cheshunt?
Before committing to Cheshunt 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|
|Cheshunt growth rate||3%||10%||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 Cheshunt is building housing to find your answer.
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 Cheshunt. 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 Cheshunt.
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 (Hertfordshire), a regional level (Greater London) and finally on the level of the city talked about in this article, Cheshunt.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Cheshunt experiences. This figure for house sales per month is 30. 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.
Who can help you buy a house for sale in Cheshunt?
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Cheshunt which is Greater London. You might want to consider these as alternatives for your next real estate investment:
- Bulphan in Greater London
- Feltham in Greater London
- Coulsdon in Greater London
- Green-Street-Green in Greater London
- Egham-Hythe in Greater London
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Cheshunt
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
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