Gilwell Park can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Gilwell Park.
On top of this, keep reading for detailed information on the demographics of Gilwell Park in Essex. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
Other cities in different locations you can consider to buy property
Below is a list of towns that differ from Gilwell Park.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Greater London:
- Bradstone in Greater London
- Bramshill in Greater London
- Chelmsford in Greater London
- Allithwaite in Greater London
- Angmering in Greater London
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
In general, for the city of Gilwell Park, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Gilwell Park. In Gilwell Park, this sale price works out to be £462,649. As an example, a factor like population growth over the last 10 years which works out to be 9% in Gilwell Park and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £787,056 |
| Average sold price (semi-detached) | £544,193 |
| Average sold price (terraced) | £475,254 |
| Average sold price (flat) | £302,917 |
Above, the exact type of house is also shown to vary in price in a table in Gilwell Park. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
| Housing category | Sale price per square foot |
|---|---|
| Average sold price/sqft | £4,900 |
| Average sold price/sqft (new build) | £5,270 |
| Average sold price/sqft (old stock) | £4,800 |
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Gilwell Park which is £5,200. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Professional advice for houses for sale in Gilwell Park
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
Always consider average rental yield when searching for houses for sale in Gilwell Park
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Gilwell Park this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside Essex then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Gilwell Park.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Gilwell Park | 3.9% | £1,767 | 132% | 16.0% |
| Essex | 3.51% | £1,237 | 125.97% | 17.61% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Gilwell Park.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (37) will be useful.
What is the growth in the housing market of Gilwell Park?
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 Gilwell Park at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Gilwell Park growth rate | -1% | 14% | 15% |
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 Gilwell Park 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 Gilwell Park.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Gilwell Park.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
Are there any important statistics about the population of Gilwell Park?
In general, do people commit a lot of crime in Gilwell Park?
For every one thousand people living in Gilwell Park, 102 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 102 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Have the people of Gilwell Park grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Gilwell Park if 60,225 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 Gilwell Park such as rental yield or house appreciation.
How has the population size of Gilwell Park adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Gilwell Park by 2%. 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 2% 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 Gilwell Park?
In the last decade, the population of Gilwell Park has been adjusted by 9%. 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 do people in Gilwell Park earn?
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 £49,900.
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 Gilwell Park this figure is 21%.
Is the city of Gilwell Park deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Gilwell Park, currently, 27% 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 Gilwell Park, 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 Essex for example.
These demographics for Gilwell Park 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 Gilwell Park in Greater London.
In Gilwell Park, how educated are people in general?
In the city of Gilwell Park, 24% 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 Gilwell Park is £49,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is a social grade score and how does this relate to Gilwell Park?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Gilwell Park in grades A or B which are the highest skilled roles in the country is 21%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £49,900 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 21%.
In the city of Gilwell Park, how much green space remains for residents?
Whether you view green space in Gilwell Park 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 Gilwell Park, the number of acres of green space for every 1000 people currently is 15.7 which can be measured against the UK average of 1.7.
What are the asking prices for the houses for sale in the city of Gilwell Park?
Average prices for the houses for sale in Gilwell Park
| Average asking price (1 bed) | £273,068 |
| Average asking price (2 bed) | £387,719 |
| Average asking price (3 bed) | £566,136 |
| Average asking price (4 bed) | £713,110 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Gilwell Park, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £5,500 will help them to have a more holistic understanding.
On average, in Gilwell Park, the asking price for a house for sale in the area is £539,897.
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 Gilwell Park. 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.
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