Burtonwood 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 Cheshire.
Before looking for a house for sale in the city of Burtonwood 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 Burtonwood.
In Burtonwood, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Burtonwood, 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 Burtonwood.
Houses for sale, are sold on average in Burtonwood, after the influence of these factors, at £205,220 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 4% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£291,043|
|Aerage sold price (semi-detached)||£176,428|
|Aerage sold price (terraced)||£140,998|
|Aerage sold price (flat)||£111,501|
This table above shows the average sale price for each variation of houses for sale in Burtonwood.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,200|
|Aerage sold price/sqft (new build)||£2,520|
|Aerage sold price/sqft (old stock)||£2,010|
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 Burtonwood is £2,200.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Burtonwood, what are the demographics like?
What is the city of Burtonwood’s social grade score?
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 Burtonwood, the percentage of people in the two highest categories, A and B is 24%. 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 £43,600. This income will generally get bigger as the percentage of people in the A and B categories go up too (24%).
The city of Burtonwood, 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 Burtonwood 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 Burtonwood. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Burtonwood, 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 Burtonwood 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.
How much do people in Burtonwood earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (24%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Burtonwood, this works out to be £43,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the population of Burtonwood?
In total, the number of people in Burtonwood is 58,496. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Burtonwood, depending on where exactly you are.
How has Burtonwood changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Burtonwood has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Burtonwood?
4% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Burtonwood have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In the city of Burtonwood, 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 Burtonwood, 10.5 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 Burtonwood.
Is the education level of Burtonwood important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Burtonwood is 26%. 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 Burtonwood is £43,600.
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.
In Burtonwood, what is the crime rate?
The crime rate of Burtonwood 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 86, 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 (86) is both useful and is recommended to be compared to the average.
How are rental yields of the houses for sale different to the rest of the UK in Burtonwood?
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 Burtonwood. 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 Burtonwood.
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, Burtonwood.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Burtonwood experiences. This figure for house sales per month is 52. 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.
Is the housing market in Burtonwood growing?
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 Burtonwood that shows the growth in recent years.
|1 year||3 years||5 years|
|Burtonwood growth rate||-2%||9%||25%|
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 Burtonwood is important.
What are the asking prices for the houses for sale in the city of Burtonwood?
On average, in Burtonwood, the asking price for a house for sale in the area is £256,686.
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 Burtonwood. 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.
In the city of Burtonwood, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£97,439|
|Average asking price (2 bed)||£165,943|
|Average asking price (3 bed)||£249,097|
|Average asking price (4 bed)||£397,712|
|Average asking price (5 bed)||£469,904|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Burtonwood 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.