- 1 We help you find the right agent
- 2 Asking price in Chester for a house for sale
- 3 How are rental yields of the houses for sale different to the rest of the UK in Chester?
- 4 In general, what do houses for sale sell for in Chester?
- 5 Get professional help on the houses for sale in Chester
- 6 What are the demographics like in the city of Chester?
- 7 Thinking of a different city and perhaps a different location?
- 8 Invest in a house for sale that meets your demands
- 9 F.A.Q.
Chester 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 Merseyside.
Before looking for a house for sale in the city of Chester 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 Chester.
Asking price in Chester for a house for sale
On average, in Chester, the asking price for a house for sale in the area is £288,545.
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 Chester. 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.
Table showing the asking prices for houses for sale in Chester
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£215,171|
|Average asking price (3 bed)||£266,019|
|Average asking price (4 bed)||£432,834|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Chester is £783. This should show you the general prices overall and for individual types of houses too.
How are rental yields of the houses for sale different to the rest of the UK in Chester?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chester, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are there more or fewer houses being built in Chester?
The growth of an area like Chester 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|
|Chester growth rate||5%||16%||31%|
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 Chester if you want to find out the exact reasons for the housing change.
In general, what do houses for sale sell for in Chester?
In Chester, houses for sale are sold at an average of £224,309. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Chester. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£309,787|
|Aerage sold price (semi-detached)||£189,896|
|Aerage sold price (terraced)||£162,978|
|Aerage sold price (flat)||£114,780|
As you can see above, for Chester, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 3% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,260|
|Aerage sold price/sqft (new build)||£2,337|
|Aerage sold price/sqft (old stock)||£2,153|
Looking at the second table about Chester, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Chester is £2,333.
Get professional help on the houses for sale in Chester
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
What are the demographics like in the city of Chester?
What salary does the community in Chester take home?
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.
£43,533.33 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 25% for Chester.
In the city of Chester, has the population grown or shrunk?
Population growth in Chester is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Chester, 80254 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Chester in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Chester, this change has been 2%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Chester?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 3% in Chester.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Chester, what is the crime rate?
Within Chester, the number of people committing crimes is 7433% 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 7433% figure carefully.
The city of Chester, situated in Merseyside, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Chester 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 Chester. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the deprivation levels of the UK any different to Chester?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chester, 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.
For the city of Chester, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £43,533.33 is the amount people in Chester are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Chester, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
In Chester, what is the social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Chester compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Chester, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 25%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
How much green space is available to residents of Chester?
In the city of Chester, there are 16 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 Chester is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Thinking of a different city and perhaps a different location?
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 Chester:
- broadsea in North West
- castell-y-bwch in North West
- nottingham in North West
- carrington in North West
- stoke-prior in North West
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
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Chester.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Do properties in Chester offer renovation potential?
If planning permissions are abundant in the vicinity of Chester, it may look promising for landlords looking to renovate. With 9 getting approved on a monthly basis, and a success rate of 94%, these prospects flourish against a population of 80254. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
On a monthly basis, how many property transactions take place in Chester?
In the city of Chester, there are 25 and in the total for the UK, there are around 1.1 million property sales.
In a city like Chester, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Chester, explore the decade-spanning population shift of 3% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
What are the asking rates for houses for sale in the surrounding area of Chester?
The average asking price of a house in Chester is currently £783 based on the average price per square foot.
Is a house for sale in Chester an expensive choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Chester, the value is £224,309, whereas the UK’s mean is £286,500