Crockey Hill 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 Crockey Hill.
On top of this, keep reading for detailed information on the demographics of Crockey Hill in North Yorkshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
Why you should consider the average rental yield when searching for houses for sale in Crockey Hill
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 Crockey Hill, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as North Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Crockey Hill||no relevant data for this city||no relevant data for this city||no relevant data for this city||11.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Crockey Hill you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Crockey Hill with the above table gives you a good understanding of the profitability of the area.
What is the growth in the housing market of Crockey Hill?
Before committing to Crockey Hill 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|
|Crockey Hill growth rate||-2%||21%||20%|
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 Crockey Hill is building housing to find your answer.
What are the asking prices for the houses for sale in the city of Crockey Hill?
Average price of houses for sale in Crockey Hill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£378,247|
|Average asking price (4 bed)||£546,950|
|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 Crockey Hill 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Crockey Hill, the asking price for a house for sale in the area is £466,040.
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 Crockey Hill. 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.
What is the final sale price of a house in Crockey Hill?
In Crockey Hill, houses for sale are sold at an average of £314,200. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Crockey Hill. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£374,941|
|Aerage sold price (semi-detached)||£240,671|
|Aerage sold price (terraced)||£219,614|
|Aerage sold price (flat)||£154,816|
As you can see above, for Crockey Hill, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 9% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,860|
|Aerage sold price/sqft (new build)||£3,170|
|Aerage sold price/sqft (old stock)||£2,700|
Looking at the second table about Crockey Hill, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Crockey Hill is £2,860.
What are the people like in Crockey Hill?
How deprived is the population of Crockey Hill?
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 Crockey Hill, in particular, the deprivation levels are 17%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Located in North Yorkshire is the city of Crockey Hill, in a large part of the UK; North East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Crockey Hill has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Crockey Hill which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Is the crime rate bad in the city of Crockey Hill?
The crime rate of Crockey Hill must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 50, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (50) is both useful and is recommended to be compared to the average.
Is the education level of Crockey Hill important when buying a house?
In the city of Crockey Hill, 37% 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 Crockey Hill is £46,000.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is the population of Crockey Hill?
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 Crockey Hill is 12,739.
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 Crockey Hill.
In Crockey Hill, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. 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 Crockey Hill 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 (4%) 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.
Crockey Hill population difference over 10 years?
The population has adjusted in the area of Crockey Hill 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 Crockey Hill.
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 are those living in Crockey Hill earning?
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.
£46,000 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 37% for Crockey Hill.
Do the people of Crockey Hill get to enjoy green space?
In the city of Crockey Hill, there are 32.7 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 Crockey Hill is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Crockey Hill, what is the social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Crockey Hill compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Crockey Hill, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 37%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|