Heckmondwike might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of West Yorkshire.
Before looking for a house for sale in the city of Heckmondwike we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Heckmondwike.
Always consider average rental yield when searching for houses for sale in Heckmondwike
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 Heckmondwike, 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 West Yorkshire, to give a smaller scale area to compare the data to.
Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
---|---|---|---|---|
Heckmondwike | no relevant data for this city | no relevant data for this city | no relevant data for this city | 28.0% |
West Yorkshire | 4.55% | £778 | 125.25% | 21.88% |
North East | 4.67% | £757 | 123.96% | 19.25% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Heckmondwike you might be interested in the number of sales per month (9) that happen in the local housing market. Comparing this figure for Heckmondwike with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Heckmondwike to make it grow?
Before committing to Heckmondwike 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 | |
---|---|---|---|
Heckmondwike growth rate | 4% | 16% | 23% |
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 Heckmondwike is building housing to find your answer.
What is the asking price on average of houses for sale in Heckmondwike?
Table showing the asking prices for houses for sale in Heckmondwike
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) | £181,108 |
Average asking price (4 bed) | no relevant data for this city |
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 Heckmondwike 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.
When speaking about the city of Heckmondwike, £178,055 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Heckmondwike.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
What is the final sale price of a house in Heckmondwike?
In Heckmondwike, houses for sale are sold at an average of £136,115. 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 Heckmondwike. 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) | £183,189 |
Aerage sold price (semi-detached) | £133,132 |
Aerage sold price (terraced) | £109,328 |
Aerage sold price (flat) | £76,623 |
As you can see above, for Heckmondwike, 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 6% where lots of movement may inflate or deflate house prices.
Housing category | Sale price per square foot |
---|---|
Aerage sold price/sqft | £1,640 |
Aerage sold price/sqft (new build) | £1,990 |
Aerage sold price/sqft (old stock) | £1,540 |
Looking at the second table about Heckmondwike, 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 Heckmondwike is £1,640.
What are the demographics like in the city of Heckmondwike?
In the city of Heckmondwike, is there a lot of green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Heckmondwike currently has 24.1 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Heckmondwike in this case.
What’s the crime rate in Heckmondwike?
For the city of Heckmondwike, crime rate is at 167. So for every 1000 people in the area, 167 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
Are the people of Heckmondwike deprived?
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 Heckmondwike, in particular, the deprivation levels are 37%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What’s a social grade score and how does it relate to Heckmondwike?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Heckmondwike, the percentage of people in the two highest categories, A and B is 13%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £34,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).
What is the population of Heckmondwike?
Population growth in Heckmondwike 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 Heckmondwike, 12,296 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 Heckmondwike 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 Heckmondwike, this change has been 2%. 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 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Heckmondwike?
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 6% in Heckmondwike.
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.
Heckmondwike 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 Heckmondwike 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 Heckmondwike, 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 Heckmondwike important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Heckmondwike is 15%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Heckmondwike is £34,700.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
How much are those living in Heckmondwike earning?
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 £34,700.
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 Heckmondwike this figure is 13%.
Invest in houses for sale in Heckmondwike with the right professional advice
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
A house for sale that is right for you
What parameters impact the final price of a house for sale in Heckmondwike?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Heckmondwike.
Reading these analysis will help you evaluate the different houses for sale currently listed in North East:
- Akeld in North East
- Stamford-Bridge in North East
- Fearnville in North East
- Austhorpe in North East
- Acaster-Malbis in North East
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
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