Whenever looking for a house for sale in the UK or in Caldy, it is vital you look at the market trends and house price fluctuations in the wider area of Merseyside 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 Caldy.
In this article, we will be looking at the city of Caldy in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Caldy for a house for sale
In the city of Caldy, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£250,865|
|Average asking price (3 bed)||£356,174|
|Average asking price (4 bed)||£629,667|
|Average asking price (5 bed)||£925,829|
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 Caldy is the right area to buy a house in for you.
When investors make offers for houses for sale in Caldy, the average price asked by the homeowners works out to be £436,066.
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 Caldy 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.
What are the people like in Caldy?
What is a social grade score and how does this relate to Caldy?
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 Caldy, the percentage of people in the two highest categories, A and B is 42%. 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 £46,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (42%).
In general, do people commit a lot of crime in Caldy?
For every one thousand people living in Caldy, 67 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 67 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
For the city of Caldy, what is the education level?
In the city of Caldy, 42% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Caldy is £46,200.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Caldy within Merseyside is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Caldy will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Caldy.
How much green space is available to residents of Caldy?
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 Caldy, 41.8 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 Caldy.
In Caldy, what are the deprivation levels like?
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 Caldy, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much are those living in Caldy 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 £46,200.
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 Caldy this figure is 42%.
In the city of Caldy, has the population grown or shrunk?
The city of Caldy has a total population of 15,260. 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 Caldy 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 Caldy
Over time, in the last five years, the population of the city of Caldy 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 Caldy?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of Caldy 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 are rental yields of the houses for sale different to the rest of the UK in Caldy?
What is the growth in the housing market of Caldy?
Before committing to Caldy 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|
|Caldy growth rate||11%||31%||31%|
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 Caldy is building housing to find your answer.
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 Caldy. 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 Caldy.
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 (Merseyside), a regional level (North West) and finally on the level of the city talked about in this article, Caldy.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Caldy||2.8%||£1,024||no relevant data for this city||9.0%|
You may also find it useful to compare the data above to the number of properties sold per month Caldy experiences. This figure for house sales per month is 10. 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.
In general, what do houses for sale sell for in Caldy?
For the city of Caldy, the average price a house sells for is £330,432. This value usually depends on the exact location of the house within Caldy as well as other factors like the population growth in Caldy which is 2% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£520,299|
|Aerage sold price (semi-detached)||£265,799|
|Aerage sold price (terraced)||£224,003|
|Aerage sold price (flat)||£202,964|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Caldy.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,710|
|Aerage sold price/sqft (new build)||£5,080|
|Aerage sold price/sqft (old stock)||£2,600|
Generalising the bottom table, the average value per square foot of a house for sale is £2,710. This value averages all of the types of houses for sale in Caldy. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Caldy.