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 Cayton, North Yorkshire.
From the average asking price of houses for sale in Cayton to the growth of the population in the area, all will be talked about regarding the city of Cayton. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In general, what do houses for sale sell for in Cayton?
In Cayton, the average sale price of a house for sale is in fact £148,055. This is dependent on the 10 year population growth of Cayton being 0%. Growing populations are more likely to inflate the prices of houses for sale in the city of Cayton.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£241,318|
|Aerage sold price (semi-detached)||£152,563|
|Aerage sold price (terraced)||£135,158|
|Aerage sold price (flat)||£105,188|
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 Cayton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,730|
|Aerage sold price/sqft (new build)||£1,950|
|Aerage sold price/sqft (old stock)||£1,600|
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 £1,730. This means if you are just looking out the houses sold in Cayton in general and didn’t take into consideration the type of build. For example, a new build.
On average, what is the figure for the asking price of a house for sale in Cayton?
Average asking prices for houses for sale in Cayton
|Average asking price (1 bed)||£93,134|
|Average asking price (2 bed)||£158,404|
|Average asking price (3 bed)||£210,239|
|Average asking price (4 bed)||£269,716|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Cayton, 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.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Cayton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £183,698.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Cayton.
What are the people like in Cayton?
In the city of Cayton, how much green space remains for residents?
Whether you view green space in Cayton 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 Cayton, the number of acres of green space for every 1000 people currently is 13.9 which can be measured against the UK average of 1.7.
In Cayton, what is the social grade score?
In the city of Cayton 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 Cayton has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.
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|
What is the education level like in Cayton?
The number of people as a percentage who have been through university and gained a degree is 20%. The ability to buy a home is greatly influenced by the number of people who have degrees. £31,500 is the amount people in Cayton are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Cayton, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Are the people of Cayton 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 Cayton is 31% 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.
How much do people in Cayton earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Cayton, the average income is £31,500. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 13% to decide on what the demographics are like in the area.
In Cayton, what is the crime rate?
For every one thousand people living in Cayton, 248 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 248 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.
Cayton within North Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Cayton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Cayton.
In the city of Cayton, has the population grown or shrunk?
The city of Cayton has a total population of 23,185. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Cayton is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Cayton
Over time, in the last five years, the population of the city of Cayton has changed by 1%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 1% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Cayton?
In the last 10 years, there has been a shift in the population of 0%.
Comparing this to the 5 year figure of Cayton can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Always consider average rental yield when searching for houses for sale in Cayton
In Cayton, how has the number of houses changed?
Before committing to Cayton 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|
|Cayton growth rate||-2%||4%||16%|
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 Cayton 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 Cayton. 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 Cayton.
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 (North Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Cayton.
|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 Cayton experiences. This figure for house sales per month is 29. 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.
Advice from experts on properties for sale in Cayton
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Cayton.
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.
houses for sale in other cities in the UK
Examine this short list of cities belonging to North East, the same region where Cayton is located.
- Killingbeck in North East
- Bebside in North East
- Mirfield in North East
- Agglethorpe in North East
- Guiseley in North East
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.