Whenever looking for a house for sale in the UK or in Dalton-In-Furness, it is vital you look at the market trends and house price fluctuations in the wider area of Cumbria too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Dalton-In-Furness.
In this article, we will be looking at the city of Dalton-In-Furness in detail so you know how to navigate the area and have a better understanding on where to invest.
In general, what do houses for sale sell for in Dalton-In-Furness?
As well as looking at the asking price for house for sale in Dalton-In-Furness, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Dalton-In-Furness.
Houses for sale, are sold on average in Dalton-In-Furness, after the influence of these factors, at £136,983 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was -4% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £262,554 |
| Aerage sold price (semi-detached) | £169,443 |
| Aerage sold price (terraced) | £108,042 |
| Aerage sold price (flat) | no relevant data for this city |
This table above shows the average sale price for each variation of houses for sale in Dalton-In-Furness.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,540 |
| Aerage sold price/sqft (new build) | £2,110 |
| Aerage sold price/sqft (old stock) | £1,490 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Dalton-In-Furness is £1,540.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What’s the rental yield in general for the city of Dalton-In-Furness?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Dalton-In-Furness. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Dalton-In-Furness.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Cumbria), a regional level (North West) and finally on the level of the city talked about in this article, Dalton-In-Furness.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Dalton-In-Furness | no relevant data for this city | no relevant data for this city | no relevant data for this city | 34.0% |
| Cumbria | 4.20% | £674 | 116.50% | 17.79% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
You may also find it useful to compare the data above to the number of properties sold per month Dalton-In-Furness experiences. This figure for house sales per month is 11. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there more or fewer houses being built in Dalton-In-Furness?
Whenever you are thinking about looking for houses for sale in Dalton-In-Furness, 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 | |
|---|---|---|---|
| Dalton-In-Furness growth rate | 4% | 20% | 19% |
As the population of Dalton-In-Furness 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.
Asking price in Dalton-In-Furness for a house for sale
When investors make offers for houses for sale in Dalton-In-Furness, the average price asked by the homeowners works out to be £158,888.
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 Dalton-In-Furness 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 asking prices for houses for sale in Dalton-In-Furness
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £121,556 |
| Average asking price (3 bed) | £182,489 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Dalton-In-Furness, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
What are the people like in Dalton-In-Furness?
Are the deprivation levels of the UK any different to Dalton-In-Furness?
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 Dalton-In-Furness is 23% 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 Dalton-In-Furness?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Dalton-In-Furness, the percentage of people in the two highest categories, A and B is 16%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £37,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).
Dalton-In-Furness within Cumbria is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Dalton-In-Furness 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 Dalton-In-Furness.
What is the education level like in Dalton-In-Furness?
Interestingly, the percentage of people who have a degree in the city of Dalton-In-Furness is 24%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Dalton-In-Furness is £37,400.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Dalton-In-Furness, what is the crime rate?
Within Dalton-In-Furness, the number of people committing crimes is 60 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 60 figure carefully.
In the city of Dalton-In-Furness, how much green space remains for residents?
Whether you view green space in Dalton-In-Furness 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 Dalton-In-Furness, the number of acres of green space for every 1000 people currently is 6.1 which can be measured against the UK average of 1.7.
Have the people of Dalton-In-Furness grown in numbers?
The city of Dalton-In-Furness has a total population of 7,913. 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 Dalton-In-Furness 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 Dalton-In-Furness
Over time, in the last five years, the population of the city of Dalton-In-Furness has changed by -1%. 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 -1% 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 Dalton-In-Furness?
In the last 10 years, there has been a shift in the population of -4%.
Comparing this to the 5 year figure of Dalton-In-Furness 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.
How much do people in Dalton-In-Furness 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 Dalton-In-Furness, the average income is £37,400. 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 16% to decide on what the demographics are like in the area.
Who can help you buy a house for sale in Dalton-In-Furness?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Dalton-In-Furness.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
Other cities you can consider looking for with houses for sale
Examine this short list of cities belonging to North West, the same region where Dalton-In-Furness is located.
- Arlecdon in North West
- Backford in North West
- Buxworth in North West
- Blackden-Heath in North West
- Stockport in North West
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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