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 Chickenley, West Yorkshire.
From the average asking price of houses for sale in Chickenley to the growth of the population in the area, all will be talked about regarding the city of Chickenley. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What is the final sale price of a house in Chickenley?
As well as looking at the asking price for house for sale in Chickenley, 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 Chickenley.
Houses for sale, are sold on average in Chickenley, after the influence of these factors, at £160,823 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 6% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£254,758|
|Aerage sold price (semi-detached)||£146,636|
|Aerage sold price (terraced)||£107,222|
|Aerage sold price (flat)||£69,420|
This table above shows the average sale price for each variation of houses for sale in Chickenley.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,720|
|Aerage sold price/sqft (new build)||£2,310|
|Aerage sold price/sqft (old stock)||£1,590|
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 Chickenley is £1,720.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
On average, what is the figure for the asking price of a house for sale in Chickenley?
When investors make offers for houses for sale in Chickenley, the average price asked by the homeowners works out to be £208,089.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Chickenley is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Table showing the asking prices for houses for sale in Chickenley
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£139,702|
|Average asking price (3 bed)||£204,443|
|Average asking price (4 bed)||£327,659|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Chickenley, 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.
How are rental yields of the houses for sale different to the rest of the UK in Chickenley?
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Chickenley.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (West Yorkshire) as well as the broader region; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Chickenley||no relevant data for this city||no relevant data for this city||no relevant data for this city||20.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Chickenley which is 20 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Chickenley is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Chickenley?
The growth of an area like Chickenley can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Chickenley growth rate||no relevant data for this city||18%||23%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Chickenley if you want to find out the exact reasons for the housing change.
What kind of demographics does the city of Chickenley have?
In Chickenley, what are the deprivation levels like?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Chickenley is 33%.
How much do people in Chickenley 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 Chickenley, the average income is £35,100. 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 general, do people commit a lot of crime in Chickenley?
In Chickenley, for every 1000 people, there is currently a crime rate of 119. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (119 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Is there sufficient green space in Chickenley?
In the city of Chickenley, there are 11.7 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Chickenley is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
For the city of Chickenley, what is the education level?
In Chickenley, the proportion of people who have a degree is 16%. 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 Chickenley is £35,100.
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.
What is the population of Chickenley?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Chickenley if 34,477 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 Chickenley such as rental yield or house appreciation.
How has the population size of Chickenley adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Chickenley 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 Chickenley?
In the last decade, the population of Chickenley 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.
Chickenley within West Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Chickenley 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 Chickenley.
What is the city of Chickenley’s social grade score?
In the city of Chickenley 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 Chickenley 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|