As a landlord, whenever you are looking at houses for sale in Merseyside, you could find varying prices throughout an area like Gayton. 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 Gayton 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 Gayton will be revealed. Keep reading.
Choose the right house for sale that suits your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Gayton.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
Other cities in different locations you can consider to buy property
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 Gayton 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:
- falkirk in North West
- wraysbury in North West
- sheffield in North West
- notting-hill in North West
- highbury in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
On average, what is the figure for the asking price of a house for sale in Gayton?
In the city of Gayton, 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)||£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|
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 Gayton is the right area to buy a house in for you.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Gayton determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £492,519.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Gayton.
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 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.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
What are the people like in Gayton?
Is there sufficient green space in Gayton?
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 17 which can be measured against the UK average of 1.7.
How deprived is the population of Gayton?
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 Gayton should give you a nice idea of the deprivation in the area.
What does the population of Gayton look like?
In total, the number of people in Gayton is 13256. 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 Gayton, depending on where exactly you are.
How has Gayton 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 Gayton has changed by 1%. 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 1% 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 Gayton?
2% 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 Gayton 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.
For the city of Gayton, what is the education level?
In the city of Gayton, 47% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Gayton is £51,100.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What is the city of Gayton’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 Gayton in grades A or B which are the highest skilled roles in the country is 0.48.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £51,100.00 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 0.48.
How much are those living in Gayton earning?
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 Gayton. Compare the area’s average household income of £51,100.00 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 0.48 for more conclusive data on the affluence of the area.
Gayton within Merseyside is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Gayton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Gayton.
What’s the crime rate in 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.
Professional advice for houses for sale in Gayton
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
Why you should consider the average rental yield when searching for houses for sale in Gayton
Is the housing market in Gayton growing?
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.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Gayton this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (North West) alongside Merseyside then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Gayton.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|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||£0|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Gayton.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (10) will be useful.
Is it possible to renovate a property in Gayton?
If planning permissions are abundant in the vicinity of Gayton, it may look promising for landlords looking to renovate. With 9 getting approved on a monthly basis, and a success rate of 88%, these prospects flourish against a population of 13256. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
How many property sales occur per month in Gayton?
The city of Gayton sees around 10 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What is the population change each year in a city like Gayton?
To work out how the population of Gayton has changed over time, you can look at the population change over a decade which is 2% and the change in a five year period two which falls at 1%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
prices for houses on sale in the broader vicinity of Gayton?
The current average price per square foot for a house in Gayton stands at £0, considering the mean cost for each square foot of houses for sale there.
Would acquiring a house for sale in Gayton be regarded as a high-priced option?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Gayton this number is £384,683 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house