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How much will you pay for a house for sale in Greasby?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much will you pay for a house for sale in Greasby?

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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 Greasby. 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 Greasby 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 Greasby will be revealed. Keep reading.

Invest in houses for sale in Greasby with the right professional advice

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

What are the people like in Greasby?

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

In the city of Greasby, the social grade score of the area is 19%. 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 Greasby.

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 salary does the community in Greasby take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£38,700.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 19% for Greasby.

Is the city of Greasby deprived?

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 Greasby is £0.

Is there sufficient green space in Greasby?

In the city of Greasby, there are 19 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Greasby is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

The city of Greasby, 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 Greasby 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 Greasby. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In Greasby, 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 Greasby if 28891 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 Greasby such as rental yield or house appreciation.

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

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

In the last decade, the population of Greasby 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.

For the city of Greasby, what is the education level?

In Greasby, the proportion of people who have a degree is 23%. 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 Greasby is £38,700.00.

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.

In Greasby, what is the crime rate?

The crime rate of Greasby 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 8600%, 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 (8600%) is both useful and is recommended to be compared to the average.

Other cities in different locations you can consider to buy property

If you are looking for a list of cities that are different to the City of Greasby and in different UK region to North West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

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

In Greasby, the average sale price of a house for sale is in fact £195,245. This is dependent on the 10 year population growth of Greasby being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Greasby.

Housing category Total final sale price
Aerage sold price (detached) £275,024
Aerage sold price (semi-detached) £183,452
Aerage sold price (terraced) £131,916
Aerage sold price (flat) £91,296

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 Greasby.

Housing category Sale price per square foot
Aerage sold price/sqft £2,080
Aerage sold price/sqft (new build) £2,290
Aerage sold price/sqft (old stock) £1,970

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 £2,350. This means if you are just looking out the houses sold in Greasby in general and didn’t take into consideration the type of build. For example, a new build.

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

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 Greasby, 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 Merseyside, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Greasby no relevant data for this city no relevant data for this city 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%

Assuming that in the future you want to re-sell the house you will eventually purchased in Greasby you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Greasby with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of Greasby?

Whenever you are thinking about looking for houses for sale in Greasby, 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
Greasby growth rate 6% 11% 29%

As the population of Greasby 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.

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 Greasby.

  • 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.

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

In the city of Greasby, 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) £192,391
Average asking price (3 bed) £243,197
Average asking price (4 bed) £380,582
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Greasby, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £2,620 will help them to have a more holistic understanding.

When investors make offers for houses for sale in Greasby, the average price asked by the homeowners works out to be £248,852.

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 Greasby 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.

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Greasby?

Amidst the urban landscape of Greasby, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 6 and on the other hand, there is a planning success rate of 91%. It is also useful to take into consideration the population size of the area (28891).

How many property sales occur per month in Greasby?

The city of Greasby sees around 17 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 Greasby or similar cities?

To work out how the population of Greasby 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

What is the asking price for houses for sale in the wider region of Greasby?

The average cost per square foot for a house in Greasby is presently £2,620.

Is a house for sale in Greasby an expensive choice?

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 Greasby this number is £195,245 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

Who are the best estate agents in the city of Greasby?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Greasby below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Name of the Agent Email Address Address Phone Number
Fozard Properties nan 118 Ford Road nan
nan Vicki-Lee Fozard (vickilee.fozard@fozardproperties.com) nan nan
nan nan nan nan
nan nan nan nan
nan nan nan nan

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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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