As a landlord, whenever you are looking at houses for sale in Derbyshire, you could find varying prices throughout an area like Charlesworth. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Charlesworth to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Charlesworth will be revealed. Keep reading.
Are there any important statistics about the population of Charlesworth?
What salary does the community in Charlesworth take home?
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 (14%). 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 Charlesworth, this works out to be £35,900.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Charlesworth important when buying a house?
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 £35,900.00.
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.
In Charlesworth, what is the crime rate?
Within Charlesworth, the number of people committing crimes is 100% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 100% figure carefully.
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 46177 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.
In the city of Charlesworth, is there a lot of green space?
Whether you view green space in Charlesworth as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Charlesworth, the number of acres of green space for every 1000 people currently is 18 which can be measured against the UK average of 1.7.
Located in Derbyshire is the city of Charlesworth, in a large part of the UK; North West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Charlesworth has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Charlesworth which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Charlesworth, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Charlesworth, 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.
What is the social grade score of Charlesworth?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Charlesworth in grades A or B which are the highest skilled roles in the country is 14%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £35,900.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 14%.
Why you should consider the average rental yield when searching for houses for sale in Charlesworth
Is the housing market in Charlesworth 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 Charlesworth that shows the growth in recent years.
|1 year||3 years||5 years|
|Charlesworth growth rate||3%||15%||31%|
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 Charlesworth is important.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Charlesworth this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (North West) alongside Derbyshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Charlesworth.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Charlesworth||£0||£794||no relevant data for this city||£0|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Charlesworth.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (30) will be useful.
houses for sale in other cities and regions in the UK
If you are looking for similar places to buy a house that are just like Charlesworth, examine this short list of cities below from outside of the region of North West for some inspiration.
- dymock in North West
- beckingham in North West
- east-portlemouth in North West
- bwlch-y-sarnau in North West
- amersham in North West
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
A house for sale appropriate to your needs
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 Charlesworth.
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.
On average, what is the figure for the asking price of a house for sale in Charlesworth?
When investors make offers for houses for sale in Charlesworth, the average price asked by the homeowners works out to be £218,351.
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 Charlesworth 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.
Average price of houses for sale in Charlesworth
|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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Charlesworth 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 £2,740 should also give you an overview of what the asking price for houses for sale are in general.
Who can help you buy a house for sale in Charlesworth?
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
In Charlesworth, 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 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.
Are there opportunities for property renovation in Charlesworth?
Every single month in Charlesworth, there are 8 planning applications, of which nan result in a success. Look at this in terms of the population size of 46177 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 Charlesworth?
30 property transactions are reported in Charlesworth each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
How does the population in a city like Charlesworth change annually?
When evaluating the population trajectory of Charlesworth, explore the decade-spanning population shift of 4% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is
How much are houses for sale priced at in the extended region of Charlesworth?
In Charlesworth, the mean asking price per square foot for a house is currently £2,740, based on the average value per square foot
Would acquiring a house for sale in Charlesworth be regarded as a high-priced option?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Charlesworth, this stands at £169,253, whereas the UK’s mean is £286,500.