Whenever looking for a house for sale in the UK or in Dukinfield, it is vital you look at the market trends and house price fluctuations in the wider area of Greater Manchester 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 Dukinfield.
In this article, we will be looking at the city of Dukinfield in detail so you know how to navigate the area and have a better understanding on where to invest.
Are there any important statistics about the population of Dukinfield?
For the city of Dukinfield, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Dukinfield 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 Dukinfield is £36,500.
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 green space is available to residents of Dukinfield?
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 Dukinfield currently has 13.7 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 Dukinfield in this case.
Located in Greater Manchester is the city of Dukinfield, in a large part of the UK; North West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Dukinfield has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Dukinfield which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
How deprived is the population of Dukinfield?
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 33% for Dukinfield should give you a nice idea of the deprivation in the area.
In Dukinfield, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Dukinfield if 19,475 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Dukinfield such as rental yield or house appreciation.
How has the population size of Dukinfield adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Dukinfield by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Dukinfield?
In the last decade, the population of Dukinfield has been adjusted by 4%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Is the crime rate bad in the city of Dukinfield?
The crime rate of Dukinfield must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of no relevant data for this city, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (no relevant data for this city) is both useful and is recommended to be compared to the average.
What is the city of Dukinfield’s social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Dukinfield in grades A or B which are the highest skilled roles in the country is 12%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £36,500 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 12%.
What salary does the community in Dukinfield take home?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Dukinfield. Compare the area’s average household income of £36,500 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 12% for more conclusive data on the affluence of the area.
On average, what is the figure for the asking price of a house for sale in Dukinfield?
In the city of Dukinfield, 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)||£156,136|
|Average asking price (3 bed)||£230,976|
|Average asking price (4 bed)||£337,829|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Dukinfield is the right area to buy a house in for you.
When investors make offers for houses for sale in Dukinfield, the average price asked by the homeowners works out to be £218,607.
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 Dukinfield 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.
What is the final sale price of a house in Dukinfield?
In Dukinfield, the average sale price of a house for sale is in fact £161,818. This is dependent on the 10 year population growth of Dukinfield being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Dukinfield.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£249,660|
|Aerage sold price (semi-detached)||£171,295|
|Aerage sold price (terraced)||£121,185|
|Aerage sold price (flat)||£86,025|
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 Dukinfield.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,960|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£1,840|
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 £1,960. This means if you are just looking out the houses sold in Dukinfield in general and didn’t take into consideration the type of build. For example, a new build.
Why you should consider the average rental yield when searching for houses for sale in Dukinfield
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 Dukinfield.
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)|
|Dukinfield||no relevant data for this city||no relevant data for this city||no relevant data for this city||16.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Dukinfield which is 11 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 Dukinfield is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Dukinfield?
Before committing to Dukinfield to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Dukinfield growth rate||1%||30%||41%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Dukinfield is building housing to find your answer.