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What is it like buying a house in Gayton?

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 Gayton?

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 Gayton, Merseyside.

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

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

For the city of Gayton, the average price a house sells for is £384,683. This value usually depends on the exact location of the house within Gayton as well as other factors like the population growth in Gayton which is 2% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £492,969
Aerage sold price (semi-detached) £273,962
Aerage sold price (terraced) £203,903
Aerage sold price (flat) £156,752

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Gayton.

Housing category Sale price per square foot
Aerage sold price/sqft £2,870
Aerage sold price/sqft (new build) £2,680
Aerage sold price/sqft (old stock) £2,760

Generalising the bottom table, the average value per square foot of a house for sale is £2,870. This value averages all of the types of houses for sale in Gayton. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Gayton.

Always consider average rental yield when searching for houses for sale in Gayton

In Gayton, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Gayton, 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
Gayton growth rate 9% 33% 32%

As the population of Gayton 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.

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 Gayton.

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

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Gayton no relevant data for this city no relevant data for this city no relevant data for this city 11.0%
Merseyside 4.76% £735 120.31% 21.51%
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 Gayton 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 Gayton is to invest in. Both in terms of rental yield and capital appreciation.

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

Table showing the asking prices for houses for sale in Gayton

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £322,448
Average asking price (3 bed) £449,808
Average asking price (4 bed) £679,318
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 Gayton 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.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Gayton is £492,519.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Gayton is useful when negotiating and knowing what to expect for every type of house for sale.

Are there any important statistics about the population of Gayton?

What’s a social grade score and how does it relate to Gayton?

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 Gayton in grades A or B which are the highest skilled roles in the country is 48%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £51,100 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 48%.

In the city of Gayton, how much green space remains for residents?

Whether you view green space in Gayton 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 Gayton, the number of acres of green space for every 1000 people currently is 16.6 which can be measured against the UK average of 1.7.

Is the city of Gayton 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 12% for Gayton should give you a nice idea of the deprivation in the area.

Is the crime rate bad in the city of Gayton?

Within Gayton, the number of people committing crimes is 37 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 37 figure carefully.

How much do people in Gayton 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 Gayton, the average income is £51,100. 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 48% to decide on what the demographics are like in the area.

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

In Gayton, the proportion of people who have a degree is 47%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Gayton is £51,100.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

The city of Gayton, situated in Merseyside, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Gayton and its demographics will be compared to its wider location (North West). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Gayton. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Have the people of Gayton grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Gayton if 13,256 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 Gayton such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Gayton 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 Gayton?

In the last decade, the population of Gayton has been adjusted by 2%. 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.

Professional advice for houses for sale in Gayton

Invest in a house for sale that meets your demands

When browsing houses for sale in Gayton you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Gayton.
Reading these analysis will help you evaluate the different houses for sale currently listed in North West:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

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