What is it like buying a house in Chorlton-cum-Hardy?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ What is it like buying a house in Chorlton-cum-Hardy?

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.

What are the demographics like in the city of Chorlton-cum-Hardy?

Is the education level of Chorlton-cum-Hardy important when buying a house?

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. 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.

Are the people of Chorlton-cum-Hardy deprived?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Chorlton-cum-Hardy is 23%.

What’s crime like in Chorlton-cum-Hardy?

For every one thousand people living in Chorlton-cum-Hardy, no relevant data for this city 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 no relevant data for this city 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.

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

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.

£47,600 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 40% for Chorlton-cum-Hardy.

What’s a social grade score and how does it relate to Chorlton-cum-Hardy?

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 the city of Chorlton-cum-Hardy, how much green space remains for residents?

Whether you view green space in Chorlton-cum-Hardy 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 Chorlton-cum-Hardy, the number of acres of green space for every 1000 people currently is 22.3 which can be measured against the UK average of 1.7.

In the city of Chorlton-cum-Hardy, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Greater Manchester for example.

These demographics for Chorlton-cum-Hardy may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Chorlton-cum-Hardy in North West.

In the city of Chorlton-cum-Hardy, has the population grown or shrunk?

The city of Chorlton-cum-Hardy has a total population of 29,233. 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 Chorlton-cum-Hardy 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 Chorlton-cum-Hardy

Over time, in the last five years, the population of the city of Chorlton-cum-Hardy has changed by 5%. 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 5% 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 Chorlton-cum-Hardy?

In the last 10 years, there has been a shift in the population of 13%.

Comparing this to the 5 year figure of Chorlton-cum-Hardy 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.

In general, what do houses for sale sell for in Chorlton-cum-Hardy?

In Chorlton-cum-Hardy, the average sale price of a house for sale is in fact £323,316. This is dependent on the 10 year population growth of Chorlton-cum-Hardy being 13%. Growing populations are more likely to inflate the prices of houses for sale in the city of Chorlton-cum-Hardy.

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

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Chorlton-cum-Hardy.

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

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £3,420. This means if you are just looking out the houses sold in Chorlton-cum-Hardy in general and didn’t take into consideration the type of build. For example, a new build.

What is the asking price on average of houses for sale in Chorlton-cum-Hardy?

Average asking prices for houses for sale in Chorlton-cum-Hardy

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

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Chorlton-cum-Hardy is £0. This should show you the general prices overall and for individual types of houses too.

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 Chorlton-cum-Hardy is £387,723.

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 Chorlton-cum-Hardy is useful when negotiating and knowing what to expect for every type of house for sale.

In Chorlton-cum-Hardy, what are the rental yields?

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 Chorlton-cum-Hardy this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (North West) alongside Greater Manchester 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 Chorlton-cum-Hardy.

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)
Chorlton-cum-Hardy 3.5% £1,120 140% 36.0%
Greater Manchester 4.70% £930 128.44% 21.10%
North West 4.36% £808 120.36% 20.19%

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 Chorlton-cum-Hardy.

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 (21) will be useful.

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

Whenever you are thinking about looking for houses for sale in Chorlton-cum-Hardy, 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
Chorlton-cum-Hardy growth rate 5% 19% 27%

As the population of Chorlton-cum-Hardy 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.