As a landlord, whenever you are looking at houses for sale in Kent, you could find varying prices throughout an area like Crockenhill. 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 Crockenhill 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 Crockenhill will be revealed. Keep reading.
In Crockenhill, what is the asking price in general for a house for sale?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Crockenhill is £458,528.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Crockenhill is useful when negotiating and knowing what to expect for every type of house for sale.
The average asking price for the houses for sale in the city of Crockenhill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£337,368|
|Average asking price (3 bed)||£425,789|
|Average asking price (4 bed)||£566,035|
|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 Crockenhill is the right area to buy a house in for you.
What are the demographics like in the city of Crockenhill?
In Crockenhill, what is the crime rate?
For the city of Crockenhill, crime rate is at 117. So for every 1000 people in the area, 117 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
How much green space is available to residents of Crockenhill?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Crockenhill, 28.4 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Crockenhill.
Crockenhill in the county of Kent 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 Crockenhill is located in; Greater London.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Crockenhill, 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 salary does the community in Crockenhill take home?
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 (17%). 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 Crockenhill, this works out to be £47,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
For the city of Crockenhill, what is the education level?
In the city of Crockenhill, 18% 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 Crockenhill is £47,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Crockenhill?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Crockenhill compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Crockenhill, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
Are the people of Crockenhill deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Crockenhill, 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.
What does the population of Crockenhill look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Crockenhill if 22,044 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 Crockenhill such as rental yield or house appreciation.
How has the population size of Crockenhill adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Crockenhill by 3%. 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 3% 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 Crockenhill?
In the last decade, the population of Crockenhill has been adjusted by 6%. 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.
In general, for the city of Crockenhill, what are the final purchase prices for the houses for sale?
In Crockenhill, the average sale price of a house for sale is in fact £355,180. This is dependent on the 10 year population growth of Crockenhill being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Crockenhill.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£504,888|
|Aerage sold price (semi-detached)||£367,486|
|Aerage sold price (terraced)||£318,084|
|Aerage sold price (flat)||£230,972|
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 Crockenhill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,930|
|Aerage sold price/sqft (new build)||£4,170|
|Aerage sold price/sqft (old stock)||£3,810|
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 £3,930. This means if you are just looking out the houses sold in Crockenhill in general and didn’t take into consideration the type of build. For example, a new build.
How are rental yields of the houses for sale different to the rest of the UK in Crockenhill?
Is the housing market in Crockenhill growing?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Crockenhill at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Crockenhill growth rate||7%||14%||22%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Crockenhill gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Crockenhill.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Crockenhill to Kent and the broader suburb of the UK; Greater London.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Crockenhill||3.7%||£1,406||no relevant data for this city||20.0%|
Let’s assume you want to sell the house you’re looking to buy in Crockenhill for profit in the future, in this case, looking at the data for the number of houses sold per month in Crockenhill would give you an idea of whether the area is actively getting new investors. This figure is 17.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Crockenhill. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Invest in houses for sale in Crockenhill with the right professional advice
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 Crockenhill
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.
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to Greater London, the same region where Crockenhill is located.
- Barkingside in Greater London
- Hersham in Greater London
- Egham-Hythe in Greater London
- Dartford in Greater London
- Lea-Bridge in Greater London
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.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial