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How much does a house for sale cost in Egremont?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much does a house for sale cost in Egremont?

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As a landlord, whenever you are looking at houses for sale in Merseyside, you could find varying prices throughout an area like Egremont. 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 Egremont 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 Egremont will be revealed. Keep reading.

What are the people like in Egremont?

In the city of Egremont, 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 Merseyside for example.

These demographics for Egremont 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 Egremont in North West.

Do the people of Egremont get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Egremont, 8 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Egremont.

What is the education level like in Egremont?

The number of people as a percentage who have been through university and gained a degree is 18%. The ability to buy a home is greatly influenced by the number of people who have degrees. £36,500.00 is the amount people in Egremont 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 Egremont, 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.

Are the deprivation levels of the UK any different to Egremont?

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 Egremont is £0.

What is a social grade score and how does this relate to Egremont?

In the city of Egremont, the social grade score of the area is 12%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Egremont.

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

What does the population of Egremont look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Egremont if 39279 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 Egremont such as rental yield or house appreciation.

How has the population size of Egremont adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Egremont by -1%. 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 -1% 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 Egremont?

In the last decade, the population of Egremont has been adjusted by -1%. 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 Egremont?

For the city of Egremont, crime rate is at 11450%. So for every 1000 people in the area, 11450% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

What salary does the community in Egremont take home?

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 (12%). 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 Egremont, this works out to be £36,500.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

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

Are there more or fewer houses being built in Egremont?

The growth of an area like Egremont 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
Egremont growth rate -1% 20% 20%

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

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 Egremont. 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 Egremont.

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 (Merseyside), a regional level (North West) and finally on the level of the city talked about in this article, Egremont.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Egremont £0 £627 no relevant data for this city £0
Merseyside 4.76% £735.14 120.31% 21.51%
North West 0.04 807.60 £1 20.19%

You may also find it useful to compare the data above to the number of properties sold per month Egremont experiences. This figure for house sales per month is 4. 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.

A house for sale that is right for you

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

  • 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.

Get professional help on the houses for sale in Egremont

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

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

In Egremont, houses for sale are sold at an average of £115,830. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Egremont. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £205,650
Aerage sold price (semi-detached) £130,524
Aerage sold price (terraced) £90,471
Aerage sold price (flat) £81,142

As you can see above, for Egremont, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of -1% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £1,140
Aerage sold price/sqft (new build) £365
Aerage sold price/sqft (old stock) £1,110

Looking at the second table about Egremont, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Egremont is £1,140.

Are you considering other cities with houses for sale?

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 Egremont 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.

Asking price in Egremont for a house for sale

When speaking about the city of Egremont, £151,893 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Egremont would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Average prices for the houses for sale in Egremont

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £106,000
Average asking price (3 bed) £145,579
Average asking price (4 bed) £187,717
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Egremont and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

F.A.Q.

Do properties in Egremont offer renovation potential?

Every single month in Egremont, there are 2 planning applications, of which 100% result in a success. Look at this in terms of the population size of 39279 to work out if you think you’d have good planning success if you were to renovate.

What is the monthly count of property transactions in Egremont?

The city of Egremont sees around 4 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

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

To assess the shifts in Egremont’s population over time, analyse how the population has altered. Look at the ten year change of population of -1%, alongside the five-year change of -1%.

How much are houses for sale priced at in the extended region of Egremont?

The average asking price of a house in Egremont is currently £0 based on the average price per square foot.

Is a house for sale in Egremont an expensive choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Egremont, the value is £115,830, whereas the UK’s mean is £286,500

Find an estate agent where you’re looking to buy in Egremont

When buying, having the right expertise when navigating Egremont and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Name of the Agent Phone Number Address Email Address
Harper & Woods 441513827673 100 Wallasey Road, Wallasey, CH44 2AE Phone number only
Iletsgo 441516305888 97 Wallasey Road Phone number only
Bakewellhorner 441516386313 93-95 Wallasey Road nan
Candor Property 441513824137 188 Liscard Road, Wirral, CH44 5TN Phone number only
Bakewell and Horner 441513820964 93/95 Wallasey Road, Wallasey, Wirral, Merseyside, CH44 2AQ Phone number only

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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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