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Buxworth – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ Buxworth – What to look for in houses for sale?

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Whenever looking for a house for sale in the UK or in Buxworth, it is vital you look at the market trends and house price fluctuations in the wider area of Derbyshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Buxworth.

In this article, we will be looking at the city of Buxworth in detail so you know how to navigate the area and have a better understanding on where to invest.

In Buxworth, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Buxworth. In Buxworth, this sale price works out to be £240,644. As an example, a factor like population growth over the last 10 years which works out to be 2% in Buxworth and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £339,005
Average sold price (semi-detached) £207,136
Average sold price (terraced) £173,452
Average sold price (flat) £117,288

Above, the exact type of house is also shown to vary in price in a table in Buxworth. 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 £2,440
Average sold price/sqft (new build) £2,320
Average sold price/sqft (old stock) £2,300

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 Buxworth which is £2,440. 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.

Are you considering other cities with houses for sale?

You can consult our list below that goes over a list of cities not necessarily in North West, allowing you to find similar places to Buxworth:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

A house for sale that is right for you

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Buxworth.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

In Buxworth, what is the asking price in general for a house for sale?

On average, in Buxworth, the asking price for a house for sale in the area is £341,804.

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 Buxworth. 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.

The average asking price for the houses for sale in the city of Buxworth

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £219,281
Average asking price (3 bed) £298,131
Average asking price (4 bed) £480,537
Average asking price (5 bed) £586,723

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 Buxworth is the right area to buy a house in for you.

Get professional help on the houses for sale in Buxworth

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

Why you should consider the average rental yield when searching for houses for sale in Buxworth

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 Buxworth, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as Derbyshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Buxworth £0 £856 no relevant data for this city £0
Derbyshire 3.76% £771.81 125.53% 20.69%
North West 0.04 807.60 £1 20.19%

Assuming that in the future you want to re-sell the house you will eventually purchased in Buxworth you might be interested in the number of sales per month (15) that happen in the local housing market. Comparing this figure for Buxworth with the above table gives you a good understanding of the profitability of the area.

In Buxworth, how has the number of houses changed?

The growth of an area like Buxworth can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Buxworth growth rate 3% 16% 27%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Buxworth if you want to find out the exact reasons for the housing change.

Are there any important statistics about the population of Buxworth?

Are the people of Buxworth deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Buxworth, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

In Buxworth, how has the population changed?

The city of Buxworth has a total population of 17180. 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 Buxworth 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 Buxworth

Over time, in the last five years, the population of the city of Buxworth has changed by 1%. 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 1% 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 Buxworth?

In the last 10 years, there has been a shift in the population of 2%.

Comparing this to the 5 year figure of Buxworth 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.

Buxworth in the county of Derbyshire 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 Buxworth is located in; North West.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Buxworth, 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.

What’s crime like in Buxworth?

The crime rate of Buxworth 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 8700%, 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 (8700%) is both useful and is recommended to be compared to the average.

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

In the city of Buxworth, the social grade score of the area is 28%. 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 Buxworth.

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 Buxworth, how educated are people in general?

In Buxworth, the proportion of people who have a degree is 32%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Buxworth is £47,100.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

How much green space is available to residents of Buxworth?

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 Buxworth, 14 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 Buxworth.

How much do people in Buxworth earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£47,100.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 28% for Buxworth.

F.A.Q.

Are there opportunities for property renovation in Buxworth?

Every single month in Buxworth, there are 6 planning applications, of which 82% result in a success. Look at this in terms of the population size of 17180 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Buxworth?

In the city of Buxworth, there are 15 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Buxworth?

For a comprehensive analysis of Buxworth’s population trends, observe the population fluctuation over a decade, indicated by 2%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.

What are the asking rates for houses for sale in the surrounding area of Buxworth?

In Buxworth, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is a house for sale in Buxworth an expensive choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Buxworth, this value is £240,644, compared to the UK’s average of £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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