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 Giggleswick, North Yorkshire.
From the average asking price of houses for sale in Giggleswick to the growth of the population in the area, all will be talked about regarding the city of Giggleswick. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Giggleswick?
When investors make offers for houses for sale in Giggleswick, the average price asked by the homeowners works out to be £294,264.
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 Giggleswick 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 Giggleswick
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | no relevant data for this city |
| Average asking price (3 bed) | £303,958 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Giggleswick, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.
In Giggleswick, what are the rental yields?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Giggleswick, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as North Yorkshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Giggleswick | no relevant data for this city | no relevant data for this city | no relevant data for this city | 25.0% |
| North Yorkshire | 3.44% | £909 | 121.00% | 17.57% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Giggleswick you might be interested in the number of sales per month (5) that happen in the local housing market. Comparing this figure for Giggleswick with the above table gives you a good understanding of the profitability of the area.
In Giggleswick, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Giggleswick at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Giggleswick growth rate | 7% | 7% | 27% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Giggleswick gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Giggleswick.
In Giggleswick, what are the demographics like?
Is the education level of Giggleswick important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Giggleswick is 35%. 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 Giggleswick is £39,200.
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.
In the city of Giggleswick, has the population grown or shrunk?
In total, the number of people in Giggleswick is 5,180. 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 Giggleswick, depending on where exactly you are.
How has Giggleswick 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 Giggleswick has changed by 3%. 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 3% 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 Giggleswick?
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 Giggleswick 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.
In the city of Giggleswick, is there a lot of green space?
Whether you view green space in Giggleswick 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 Giggleswick, the number of acres of green space for every 1000 people currently is 24.2 which can be measured against the UK average of 1.7.
What is a social grade score and how does this relate to Giggleswick?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Giggleswick, the percentage of people in the two highest categories, A and B is 25%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £39,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (25%).
Giggleswick within North Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Giggleswick 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 Giggleswick.
What salary does the community in Giggleswick 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 (25%). 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 Giggleswick, this works out to be £39,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What’s crime like in Giggleswick?
For the city of Giggleswick, crime rate is at 60. So for every 1000 people in the area, 60 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.
In Giggleswick, what are the deprivation levels like?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Giggleswick, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In general, for the city of Giggleswick, what are the final purchase prices for the houses for sale?
In Giggleswick, the average sale price of a house for sale is in fact £261,380. This is dependent on the 10 year population growth of Giggleswick being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Giggleswick.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £371,308 |
| Aerage sold price (semi-detached) | £250,493 |
| Aerage sold price (terraced) | £209,479 |
| Aerage sold price (flat) | £184,684 |
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 Giggleswick.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,560 |
| Aerage sold price/sqft (new build) | £3,390 |
| Aerage sold price/sqft (old stock) | £2,420 |
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 £2,560. This means if you are just looking out the houses sold in Giggleswick in general and didn’t take into consideration the type of build. For example, a new build.
Advice from experts on properties for sale in Giggleswick
houses for sale in other cities in the UK
See here below a list of cities in the same UK region of Giggleswick which is North West. You might want to consider these as alternatives for your next real estate investment:
- Askam-In-Furness in North West
- Alpraham in North West
- Bleatarn in North West
- Bank-Hey in North West
- Dovecot in North West
Or, visit our dedicated page on the houses for sale data for the whole of the UK – 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 Giggleswick
-
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.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Recent Comments