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What is it like buying a house in Gawthorpe?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ What is it like buying a house in Gawthorpe?

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

In Gawthorpe, what are the rental yields?

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 Gawthorpe. 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 Gawthorpe.

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, Gawthorpe.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Gawthorpe 3.8% £737 no relevant data for this city 23.0%
West Yorkshire 4.55% £778 125.25% 21.88%
North East 4.67% £757 123.96% 19.25%

You may also find it useful to compare the data above to the number of properties sold per month Gawthorpe experiences. This figure for house sales per month is 20. 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.

Are there new houses being built in Gawthorpe to make it grow?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Gawthorpe that shows the growth in recent years.

1 year 3 years 5 years
Gawthorpe growth rate 6% 17% 28%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Gawthorpe is important.

What are the people like in Gawthorpe?

Is the crime rate bad in the city of Gawthorpe?

For every one thousand people living in Gawthorpe, 101 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 101 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.

How much do people in Gawthorpe 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 Gawthorpe, the average income is £39,500. 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 18% to decide on what the demographics are like in the area.

What is the education level like in Gawthorpe?

In the city of Gawthorpe, 20% 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 Gawthorpe is £39,500.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In the city of Gawthorpe, is there a lot of green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Gawthorpe, 11.6 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Gawthorpe.

The city of Gawthorpe, situated in West Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Gawthorpe and its demographics will be compared to its wider location (North East). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Gawthorpe. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is the city of Gawthorpe’s social grade score?

In the city of Gawthorpe, the social grade score of the area is 18%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Gawthorpe.

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

Is the city of Gawthorpe deprived?

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 Gawthorpe is 24%.

In the city of Gawthorpe, has the population grown or shrunk?

Population growth in Gawthorpe is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Gawthorpe, 21,225 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Gawthorpe in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Gawthorpe, this change has been 5%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Gawthorpe?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Gawthorpe.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

What is the final sale price of a house in Gawthorpe?

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

Houses for sale, are sold on average in Gawthorpe, after the influence of these factors, at £176,001 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 8% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £266,482
Aerage sold price (semi-detached) £172,071
Aerage sold price (terraced) £131,262
Aerage sold price (flat) £95,609

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

Housing category Sale price per square foot
Aerage sold price/sqft £2,020
Aerage sold price/sqft (new build) £2,070
Aerage sold price/sqft (old stock) £1,930

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 Gawthorpe is £2,020.

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

Asking price in Gawthorpe for a house for sale

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £162,354
Average asking price (3 bed) £240,892
Average asking price (4 bed) £345,412
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Gawthorpe is £0. This should show you the general prices overall and for individual types of houses too.

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 Gawthorpe 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 £234,912.

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 Gawthorpe.

Professional advice for houses for sale in Gawthorpe

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Gawthorpe.
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.

House for sale in the same UK region

See here below a list of cities in the same UK region of Gawthorpe which is North East. 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 – houses for sale in the UK.

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.

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