Charlesworth can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Charlesworth.
On top of this, keep reading for detailed information on the demographics of Charlesworth in Derbyshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
Asking price in Charlesworth for a house for sale
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Charlesworth is £218,351.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Charlesworth is useful when negotiating and knowing what to expect for every type of house for sale.
In the city of Charlesworth, 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)||£165,078|
|Average asking price (3 bed)||£233,131|
|Average asking price (4 bed)||£363,152|
|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 (£2,740) for houses for sale with this table to get a good idea as to whether Charlesworth is the right area to buy a house in for you.
What are the demographics like in the city of Charlesworth?
How much do people in Charlesworth earn?
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 £35,900.
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 Charlesworth this figure is 14%.
In Charlesworth, 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 Charlesworth if 46,177 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 Charlesworth such as rental yield or house appreciation.
How has the population size of Charlesworth adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Charlesworth 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 Charlesworth?
In the last decade, the population of Charlesworth has been adjusted by 4%. 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.
Charlesworth 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 Charlesworth 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 Charlesworth, 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.
Are the deprivation levels of the UK any different to Charlesworth?
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 Charlesworth is 30% 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.
What is a social grade score and how does this relate to Charlesworth?
In the city of Charlesworth 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 Charlesworth has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 14%.
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|
What is the education level like in Charlesworth?
In Charlesworth, the proportion of people who have a degree is 18%. 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 Charlesworth is £35,900.
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.
Do the people of Charlesworth get to enjoy green space?
In the city of Charlesworth, there are 17.9 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Charlesworth is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s the crime rate in Charlesworth?
For the city of Charlesworth, crime rate is at 1. So for every 1000 people in the area, 1 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In general, what do houses for sale sell for in Charlesworth?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Charlesworth. In Charlesworth, this sale price works out to be £169,253. As an example, a factor like population growth over the last 10 years which works out to be 4% in Charlesworth and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£285,419|
|Average sold price (semi-detached)||£182,117|
|Average sold price (terraced)||£135,479|
|Average sold price (flat)||£101,632|
Above, the exact type of house is also shown to vary in price in a table in Charlesworth. 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||£1,940|
|Average sold price/sqft (new build)||£2,070|
|Average sold price/sqft (old stock)||£1,810|
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 Charlesworth which is £2,340. 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.
How are rental yields of the houses for sale different to the rest of the UK in Charlesworth?
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 Charlesworth.
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 (Derbyshire) as well as the broader region; North West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Charlesworth||4.4%||£794||no relevant data for this city||26.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Charlesworth which is 46 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 Charlesworth is to invest in. Both in terms of rental yield and capital appreciation.
Are there new houses being built in Charlesworth to make it grow?
Whenever you are thinking about looking for houses for sale in Charlesworth, 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|
|Charlesworth growth rate||3%||15%||31%|
As the population of Charlesworth 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.