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How much will you pay for a house for sale in Broken Cross?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much will you pay for a house for sale in Broken Cross?

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 Broken Cross, Cheshire.

From the average asking price of houses for sale in Broken Cross to the growth of the population in the area, all will be talked about regarding the city of Broken Cross. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In Broken Cross, 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 Broken Cross. 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 Broken Cross.

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 (Cheshire), a regional level (North West) and finally on the level of the city talked about in this article, Broken Cross.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Broken Cross 3.8% £845 127% 24.0%
Cheshire 3.58% £943 128.55% 20.11%
North West 4.36% £808 120.36% 20.19%

You may also find it useful to compare the data above to the number of properties sold per month Broken Cross experiences. This figure for house sales per month is 34. 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 Broken Cross to make it grow?

Before committing to Broken Cross 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
Broken Cross growth rate -4% 7% 27%

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 Broken Cross is building housing to find your answer.

What is the final sale price of a house in Broken Cross?

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

Houses for sale, are sold on average in Broken Cross, after the influence of these factors, at £223,236 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 5% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £387,659
Aerage sold price (semi-detached) £231,043
Aerage sold price (terraced) £160,647
Aerage sold price (flat) £118,094

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

Housing category Sale price per square foot
Aerage sold price/sqft £2,420
Aerage sold price/sqft (new build) £2,870
Aerage sold price/sqft (old stock) £2,280

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 Broken Cross is £2,420.

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 Broken Cross?

The average asking price for the houses for sale in the city of Broken Cross

Average asking price (1 bed) £121,130
Average asking price (2 bed) £188,102
Average asking price (3 bed) £291,690
Average asking price (4 bed) £513,681
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Broken Cross is the right area to buy a house in for you.

On average, in Broken Cross, the asking price for a house for sale in the area is £267,579.

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 Broken Cross. 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 kind of demographics does the city of Broken Cross have?

How educated are the people in Broken Cross?

The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £42,500 is the amount people in Broken Cross are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Broken Cross, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Broken Cross, what are the deprivation levels like?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Broken Cross is 21% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Broken Cross, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Broken Cross if 36,882 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 Broken Cross such as rental yield or house appreciation.

How has the population size of Broken Cross adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Broken Cross by 3%. 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 3% 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 Broken Cross?

In the last decade, the population of Broken Cross has been adjusted by 5%. 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.

What salary does the community in Broken Cross take home?

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 Broken Cross, the average income is £42,500. 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 25% to decide on what the demographics are like in the area.

What is the social grade score of Broken Cross?

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 Broken Cross 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 Broken Cross, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 25%.

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

The city of Broken Cross, situated in Cheshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Broken Cross and its demographics will be compared to its wider location (North West). 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 Broken Cross. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is there sufficient green space in Broken Cross?

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 Broken Cross, the city has 14.6 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 Broken Cross.

In general, do people commit a lot of crime in Broken Cross?

In Broken Cross, for every 1000 people, there is currently a crime rate of 115. 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 (115 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.

Invest in houses for sale in Broken Cross with the right professional advice

Other cities you can consider looking for with houses for sale

Examine this short list of cities belonging to North West, the same region where Broken Cross is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

A house for sale that is right for you

When browsing houses for sale in Broken Cross you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

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