Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Calverley, West Yorkshire.
From the average asking price of houses for sale in Calverley to the growth of the population in the area, all will be talked about regarding the city of Calverley. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the asking price on average of houses for sale in Calverley?
Average price of houses for sale in Calverley
|Average asking price (1 bed)||£137,296|
|Average asking price (2 bed)||£191,326|
|Average asking price (3 bed)||£262,417|
|Average asking price (4 bed)||£393,262|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Calverley, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £0 will help them to have a more wholistic understanding.
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 Calverley is £251,373.
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 Calverley is useful when negotiating and knowing what to expect for every type of house for sale.
What kind of demographics does the city of Calverley have?
Have the people of Calverley grown in numbers?
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 Calverley is 38,405.
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 Calverley.
In Calverley, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Calverley 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 (3%) 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.
Calverley population difference over 10 years?
The population has adjusted in the area of Calverley by 7% 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 Calverley.
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.
What’s a social grade score and how does it relate to Calverley?
In the city of Calverley 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 Calverley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 27%.
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|
How deprived is the population of Calverley?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Calverley, in particular, the deprivation levels are 22%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Are the people in Calverley 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 £42,300.
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 Calverley this figure is 27%.
Calverley in the county of West Yorkshire 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 Calverley is located in; North East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Calverley, 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.
Is the education level of Calverley important when buying a house?
In Calverley, the proportion of people who have a degree is 27%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Calverley is £42,300.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In the city of Calverley, is there a lot of green space?
Whether you view green space in Calverley 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 Calverley, the number of acres of green space for every 1000 people currently is 15.2 which can be measured against the UK average of 1.7.
In general, do people commit a lot of crime in Calverley?
Within Calverley, the number of people committing crimes is 106 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 106 figure carefully.
In general, for the city of Calverley, what are the final purchase prices for the houses for sale?
In Calverley, the average sale price of a house for sale is in fact £198,037. This is dependent on the 10 year population growth of Calverley being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Calverley.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£316,949|
|Aerage sold price (semi-detached)||£197,953|
|Aerage sold price (terraced)||£168,805|
|Aerage sold price (flat)||£119,111|
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 Calverley.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,290|
|Aerage sold price/sqft (new build)||£2,460|
|Aerage sold price/sqft (old stock)||£2,190|
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 £2,290. This means if you are just looking out the houses sold in Calverley in general and didn’t take into consideration the type of build. For example, a new build.
What’s the rental yield in general for the city of Calverley?
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 Calverley. 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 Calverley.
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 (West Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Calverley.
|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 Calverley experiences. This figure for house sales per month is 39. 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.
Is the housing market in Calverley 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 Calverley at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Calverley growth rate||-1%||16%||26%|
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 Calverley 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 Calverley.