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 Killingbeck, West Yorkshire.
From the average asking price of houses for sale in Killingbeck to the growth of the population in the area, all will be talked about regarding the city of Killingbeck. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Killingbeck, what are the rental yields?
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 Killingbeck.
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)|
|Killingbeck||4.8%||£876||no relevant data for this city||22.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Killingbeck which is 24 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 Killingbeck is to invest in. Both in terms of rental yield and capital appreciation.
Are there new houses being built in Killingbeck to make it grow?
Whenever you are thinking about looking for houses for sale in Killingbeck, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Killingbeck growth rate||-3%||10%||18%|
As the population of Killingbeck grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What is the final sale price of a house in Killingbeck?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Killingbeck. In Killingbeck, this sale price works out to be £177,296. As an example, a factor like population growth over the last 10 years which works out to be 7% in Killingbeck and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£320,241|
|Average sold price (semi-detached)||£169,252|
|Average sold price (terraced)||£134,537|
|Average sold price (flat)||£111,581|
Above, the exact type of house is also shown to vary in price in a table in Killingbeck. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,010|
|Average sold price/sqft (new build)||£2,150|
|Average sold price/sqft (old stock)||£1,830|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Killingbeck which is £2,010. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
What kind of demographics does the city of Killingbeck have?
Is there sufficient green space in Killingbeck?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Killingbeck, the city has 16.4 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Killingbeck.
Are the people in Killingbeck earning a lot?
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 £34,300.
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 Killingbeck this figure is 10%.
What is a social grade score and how does this relate to Killingbeck?
In the city of Killingbeck 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 Killingbeck has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 10%.
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|
In general, do people commit a lot of crime in Killingbeck?
The crime rate of Killingbeck 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 226, 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 (226) is both useful and is recommended to be compared to the average.
How educated are the people in Killingbeck?
In the city of Killingbeck, 16% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Killingbeck is £34,300. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In Killingbeck, how has the population changed?
The city of Killingbeck has a total population of 33,993. 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 Killingbeck 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 Killingbeck
Over time, in the last five years, the population of the city of Killingbeck has changed by 3%. 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 3% 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 Killingbeck?
In the last 10 years, there has been a shift in the population of 7%.
Comparing this to the 5 year figure of Killingbeck 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.
How deprived is the population of Killingbeck?
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 Killingbeck, in particular, the deprivation levels are 35%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Killingbeck 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 Killingbeck 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 Killingbeck, 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.
On average, what is the figure for the asking price of a house for sale in Killingbeck?
When investors make offers for houses for sale in Killingbeck, the average price asked by the homeowners works out to be £217,436.
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 Killingbeck 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.
Average price of houses for sale in Killingbeck
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£161,371|
|Average asking price (3 bed)||£214,285|
|Average asking price (4 bed)||£338,870|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Killingbeck has a lack of supply of housing in certain categories.