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What is it like buying a house in Duddon Bridge?

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 Duddon Bridge?

Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Duddon Bridge, Cumbria.

From the average asking price of houses for sale in Duddon Bridge to the growth of the population in the area, all will be talked about regarding the city of Duddon Bridge. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

What kind of demographics does the city of Duddon Bridge have?

In general, do people commit a lot of crime in Duddon Bridge?

Within Duddon Bridge, the number of people committing crimes is 45 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 45 figure carefully.

How much are those living in Duddon Bridge earning?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (15%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Duddon Bridge, this works out to be £36,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Duddon Bridge in the county of Cumbria is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Duddon Bridge is located in; North West.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Duddon Bridge, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What is the city of Duddon Bridge’s social grade score?

In the city of Duddon Bridge 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 Duddon Bridge has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.

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 Duddon Bridge, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 17%. The ability to buy a home is greatly influenced by the number of people who have degrees. £36,000 is the amount people in Duddon Bridge 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 Duddon Bridge, 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 the city of Duddon Bridge, is there a lot of green space?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Duddon Bridge, the city has 13.2 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Duddon Bridge.

Are the deprivation levels of the UK any different to Duddon Bridge?

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 Duddon Bridge is 29% 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.

In Duddon Bridge, how has the population changed?

In total, the number of people in Duddon Bridge is 8,947. 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 Duddon Bridge, depending on where exactly you are.

How has Duddon Bridge 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 Duddon Bridge has changed by -2%. 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 -2% 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 Duddon Bridge?

-4% 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 Duddon Bridge 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.

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

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.

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 in to all the details of Duddon Bridge.

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 (Cumbria) as well as the broader region; North West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Duddon Bridge no relevant data for this city no relevant data for this city no relevant data for this city 9.0%
Cumbria 4.20% £674 116.50% 17.79%
North West 4.36% £808 120.36% 20.19%

Also, you can compare other data to the table above such as the number of houses sold per month in Duddon Bridge which is 6 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 Duddon Bridge is to invest in. Both in terms of rental yield and capital appreciation.

In Duddon Bridge, how has the number of houses changed?

The growth of an area like Duddon Bridge 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
Duddon Bridge growth rate 8% 15% 5%

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 Duddon Bridge if you want to find out the exact reasons for the housing change.

In general, what do houses for sale sell for in Duddon Bridge?

As well as looking at the asking price for house for sale in Duddon Bridge, 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 Duddon Bridge.

Houses for sale, are sold on average in Duddon Bridge, after the influence of these factors, at £111,802 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) £229,378
Aerage sold price (semi-detached) £137,967
Aerage sold price (terraced) £81,330
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 Duddon Bridge.

Housing category Sale price per square foot
Aerage sold price/sqft £1,090
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,080

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 Duddon Bridge is £1,090.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Asking price in Duddon Bridge for a house for sale

When investors make offers for houses for sale in Duddon Bridge, the average price asked by the homeowners works out to be £128,884.

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 Duddon Bridge 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.

Table showing the asking prices for houses for sale in Duddon Bridge

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £97,926
Average asking price (3 bed) £137,800
Average asking price (4 bed) no relevant data for this city
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 Duddon Bridge is £0. This should show you the general prices overall and for individual types of houses too.

Get professional help on the houses for sale in Duddon Bridge

houses for sale in other cities in the UK

Examine this short list of cities belonging to North West, the same region where Duddon Bridge is located.

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.

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 Duddon Bridge

  • 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.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

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