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How much will you pay for a house for sale in Droylsden?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much will you pay for a house for sale in Droylsden?

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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 Droylsden. 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 Droylsden 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 Droylsden will be revealed. Keep reading.

In Droylsden, what is the asking price in general for a house for sale?

When investors make offers for houses for sale in Droylsden, the average price asked by the homeowners works out to be £208,985.

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 Droylsden 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 Droylsden

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £173,329
Average asking price (3 bed) £219,714
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Droylsden has a lack of supply of housing in certain categories.

Why you should consider the average rental yield when searching for houses for sale in Droylsden

In Droylsden, how has the number of houses changed?

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 Droylsden that shows the growth in recent years.

1 year 3 years 5 years
Droylsden growth rate 15% 38% 49%

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 Droylsden is important.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Droylsden, 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).

Thinking of a different city and perhaps a different location?

We have prepared a list of cities that are entirely dissimilar to the region of North West, perfect if you are looking for somewhere similar to Droylsden but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Invest in houses for sale in Droylsden with the right professional advice

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

Are there any important statistics about the population of Droylsden?

What is the population of Droylsden?

The city of Droylsden has a total population of 23037. 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 Droylsden 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 Droylsden

Over time, in the last five years, the population of the city of Droylsden has changed by 3%. 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 3% 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 Droylsden?

In the last 10 years, there has been a shift in the population of 4%.

Comparing this to the 5 year figure of Droylsden 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 the city of Droylsden, 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 Droylsden 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 Droylsden in North West.

In the city of Droylsden, is there a lot of green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Droylsden currently has 15 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Droylsden in this case.

Is the education level of Droylsden important when buying a house?

Interestingly, the percentage of people who have a degree in the city of Droylsden is 15%. 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 Droylsden is £35,900.00.

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.

How much do people in Droylsden earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £35,900.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Droylsden this figure is 11%.

In Droylsden, what is the crime rate?

In Droylsden, for every 1000 people, there is currently a crime rate of no relevant data for this city. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (no relevant data for this city for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What is the social grade score of Droylsden?

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 Droylsden, the percentage of people in the two highest categories, A and B is 11%. 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 £35,900.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (11%).

Are the people of Droylsden deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Droylsden should give you a nice idea of the deprivation in the area.

In general, what do houses for sale sell for in Droylsden?

In Droylsden, the average sale price of a house for sale is in fact £159,955. This is dependent on the 10 year population growth of Droylsden being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Droylsden.

Housing category Total final sale price
Aerage sold price (detached) £227,516
Aerage sold price (semi-detached) £151,449
Aerage sold price (terraced) £136,810
Aerage sold price (flat) £114,260

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 Droylsden.

Housing category Sale price per square foot
Aerage sold price/sqft £1,980
Aerage sold price/sqft (new build) £1,770
Aerage sold price/sqft (old stock) £1,810

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 £1,980. This means if you are just looking out the houses sold in Droylsden in general and didn’t take into consideration the type of build. For example, a new build.

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Droylsden

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Frequently Asked Questions

If you are a landlord, should you renovate a property in the city of Droylsden?

Amidst the urban landscape of Droylsden, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 4 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (23037).

What’s the number of property sales each month in Droylsden?

In Droylsden, the monthly property transaction count reaches 15, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the year-over-year population change in Droylsden or similar cities?

For a comprehensive analysis of Droylsden’s population trends, observe the population fluctuation over a decade, indicated by 4%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Droylsden, what is the cost of houses available for sale?

In Droylsden, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is a house for sale in Droylsden an expensive choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Droylsden, the value is £159,955, whereas the UK’s mean is £286,500

Buying a Home? Find Top-Rated Estate Agents in Droylsden

If you’re purchasing property in Droylsden? The right estate agent can make all the difference in guiding you through the home buying process. We understand how stressful and time-consuming finding an agent can be so we’ve compiled a list of the highest-rated real estate agencies in the area below. Our goal is to simplify your search and take you straight to reputable agents equipped to help buy your ideal home.

Estate agent Email Contact number Address of agent
Sleigh and Son Phone number only 441619373751 112-114 Market Street, Droylsden, Manchester, M43 7AA
Saltsman & Co Phone number only 441615065192 116 Market St, Droylsden, Manchester, M43 7AA
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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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