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How much does a house for sale cost in Gilwell Park?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much does a house for sale cost in Gilwell Park?

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As a landlord, whenever you are looking at houses for sale in Essex, you could find varying prices throughout an area like Gilwell Park. 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 Gilwell Park 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 Gilwell Park will be revealed. Keep reading.

In Gilwell Park, what are the rental yields?

Is the housing market in Gilwell Park growing?

Before committing to Gilwell Park 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
Gilwell Park growth rate -1% 14% 15%

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 Gilwell Park is building housing to find your answer.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Gilwell Park, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as Essex, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Gilwell Park £0 £1,767 £1 £0
Essex 3.51% £1,237.11 125.97% 17.61%
Greater London 0.04 1,898.58 £1 13.30%

Assuming that in the future you want to re-sell the house you will eventually purchased in Gilwell Park you might be interested in the number of sales per month (32) that happen in the local housing market. Comparing this figure for Gilwell Park with the above table gives you a good understanding of the profitability of the area.

What is the asking price on average of houses for sale in Gilwell Park?

In the city of Gilwell Park, what is the average asking price for the houses for sale?

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Gilwell Park and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £5,500 should also give you an overview of what the asking price for houses for sale are in general.

When speaking about the city of Gilwell Park, £539,897 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 Gilwell Park 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.

Are you considering other cities with houses for sale?

If you are looking for a list of cities that are different to the City of Gilwell Park and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:

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.

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Gilwell Park.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • 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.

  • 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

  • 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

  • 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.

  • 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

  • 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

  • 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.

What kind of demographics does the city of Gilwell Park have?

Is the crime rate bad in the city of Gilwell Park?

For every one thousand people living in Gilwell Park, 10200% 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 10200% 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.

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.

What does the population of Gilwell Park look like?

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 Gilwell Park is 60225.

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 Gilwell Park.

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

In the last five years, over time, the change in population size was 2%. 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 Gilwell Park 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 (2%) 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.

Gilwell Park population difference over 10 years?

The population has adjusted in the area of Gilwell Park by 9% 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 Gilwell Park.

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.

How much do people in Gilwell Park earn?

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.

£49,900.00 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 21% for Gilwell Park.

What is the education level like in Gilwell Park?

In the city of Gilwell Park, 24% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Gilwell Park is £49,900.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

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

In the city of Gilwell Park 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 Gilwell Park has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 21%.

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

Are the people of Gilwell Park 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 Gilwell Park is £0 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 Gilwell Park, is there a lot of green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Gilwell Park currently has 16 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Gilwell Park in this case.

Professional advice for houses for sale in Gilwell Park

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

In Gilwell Park, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Gilwell Park, 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 Gilwell Park.

Houses for sale, are sold on average in Gilwell Park, after the influence of these factors, at £462,649 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 9% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £787,056
Aerage sold price (semi-detached) £544,193
Aerage sold price (terraced) £475,254
Aerage sold price (flat) £302,917

This table above shows the average sale price for each variation of houses for sale in Gilwell Park.

Housing category Sale price per square foot
Aerage sold price/sqft £4,900
Aerage sold price/sqft (new build) £5,270
Aerage sold price/sqft (old stock) £4,800

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 Gilwell Park is £5,200.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Frequently Asked Questions

Do properties in Gilwell Park offer renovation potential?

Amidst the urban landscape of Gilwell Park, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 29 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (60225).

On a monthly basis, how many property transactions take place in Gilwell Park?

In Gilwell Park, the monthly property transaction count reaches 32, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What is the population change each year in a city like Gilwell Park?

For a comprehensive analysis of Gilwell Park’s population trends, observe the population fluctuation over a decade, indicated by 9%, and the five-year alteration represented by 2%. Perhaps also look at data from another nearby city too so you can see a comparison.

How much are houses for sale priced at in the extended region of Gilwell Park?

In Gilwell Park, the mean asking price per square foot for a house is currently £5,500, based on the average value per square foot

Is purchasing a house in Gilwell Park considered a costly decision?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Gilwell Park this number is £462,649 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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