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A guide on houses for sale in Chorlton-cum-Hardy

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ A guide on houses for sale in Chorlton-cum-Hardy

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As a landlord, whenever you are looking at houses for sale in Greater Manchester, you could find varying prices throughout an area like Chorlton-cum-Hardy. 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 Chorlton-cum-Hardy 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 Chorlton-cum-Hardy will be revealed. Keep reading.

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Chorlton-cum-Hardy.
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.

Who can help you buy a house for sale in Chorlton-cum-Hardy?

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 general, for the city of Chorlton-cum-Hardy, what are the final purchase prices for the houses for sale?

In Chorlton-cum-Hardy, houses for sale are sold at an average of £323,316. 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 Chorlton-cum-Hardy. 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) £531,909
Aerage sold price (semi-detached) £381,716
Aerage sold price (terraced) £331,779
Aerage sold price (flat) £179,879

As you can see above, for Chorlton-cum-Hardy, 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 13% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £3,420
Aerage sold price/sqft (new build) £3,110
Aerage sold price/sqft (old stock) £3,280

Looking at the second table about Chorlton-cum-Hardy, 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 Chorlton-cum-Hardy is £3,420.

What are the asking prices for the houses for sale in the city of Chorlton-cum-Hardy?

On average, in Chorlton-cum-Hardy, the asking price for a house for sale in the area is £387,723.

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 Chorlton-cum-Hardy. 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.

In the city of Chorlton-cum-Hardy, 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) £273,786
Average asking price (3 bed) £405,869
Average asking price (4 bed) £611,522
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 Chorlton-cum-Hardy 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 £0 should also give you an overview of what the asking price for houses for sale are in general.

In Chorlton-cum-Hardy, what are the demographics like?

Chorlton-cum-Hardy within Greater Manchester is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Chorlton-cum-Hardy 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 Chorlton-cum-Hardy.

How deprived is the population of Chorlton-cum-Hardy?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Chorlton-cum-Hardy, 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.

How much green space is available to residents of Chorlton-cum-Hardy?

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 Chorlton-cum-Hardy, 22 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 Chorlton-cum-Hardy.

In Chorlton-cum-Hardy, what is the crime rate?

Within Chorlton-cum-Hardy, the number of people committing crimes is no relevant data for this city 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 no relevant data for this city figure carefully.

How much do people in Chorlton-cum-Hardy earn?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Chorlton-cum-Hardy, the average income is £47,600.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 40% to decide on what the demographics are like in the area.

In Chorlton-cum-Hardy, what is the social grade score?

In the city of Chorlton-cum-Hardy 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 Chorlton-cum-Hardy has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 40%.

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

In Chorlton-cum-Hardy, how educated are people in general?

In the city of Chorlton-cum-Hardy, 50% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Chorlton-cum-Hardy is £47,600.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Have the people of Chorlton-cum-Hardy grown in numbers?

In total, the number of people in Chorlton-cum-Hardy is 29233. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Chorlton-cum-Hardy, depending on where exactly you are.

How has Chorlton-cum-Hardy changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Chorlton-cum-Hardy has changed by 5%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Chorlton-cum-Hardy?

13% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Chorlton-cum-Hardy have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

Other cities in different locations you can consider to buy property

If you are looking for a list of cities that are different to the City of Chorlton-cum-Hardy and in different UK region to North West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

How are rental yields of the houses for sale different to the rest of the UK in Chorlton-cum-Hardy?

In Chorlton-cum-Hardy, how has the number of houses changed?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Chorlton-cum-Hardy at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Chorlton-cum-Hardy growth rate 5% 19% 27%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Chorlton-cum-Hardy gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Chorlton-cum-Hardy.

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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

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 into all the details of Chorlton-cum-Hardy.

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 (Greater Manchester) as well as the broader region; North West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Chorlton-cum-Hardy £0 £1,120 £1 £0
Greater Manchester 4.70% £930.05 128.44% 21.10%
North West 0.04 807.60 £1 20.19%

Also, you can compare other data to the table above such as the number of houses sold per month in Chorlton-cum-Hardy which is 17 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 Chorlton-cum-Hardy is to invest in. Both in terms of rental yield and capital appreciation.

Frequently Asked Questions

Is it possible to renovate a property in Chorlton-cum-Hardy?

Chorlton-cum-Hardy is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 14 each month, attaining a success rate of nan and a total population of 29233. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

In Chorlton-cum-Hardy, how many property sales per month are there?

In Chorlton-cum-Hardy, the monthly property transaction count reaches 17, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What is the population change each year in a city like Chorlton-cum-Hardy?

For a comprehensive analysis of Chorlton-cum-Hardy’s population trends, observe the population fluctuation over a decade, indicated by 13%, and the five-year alteration represented by 5%. Perhaps also look at data from another nearby city too so you can see a comparison.

How much are houses for sale priced at in the extended region of Chorlton-cum-Hardy?

Currently, the mean asking price of a house in Chorlton-cum-Hardy is £0, calculated using the average value per square foot

Is investing in a house for sale in Chorlton-cum-Hardy a financially demanding choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Chorlton-cum-Hardy, the value is £323,316, whereas the UK’s mean is £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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