Hensingham might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Cumbria.
Before looking for a house for sale in the city of Hensingham we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Hensingham.
What are the people like in Hensingham?
What is the education level like in Hensingham?
In Hensingham, the proportion of people who have a degree is 18%. 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 Hensingham is £37,200.
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.
Do the people of Hensingham get to enjoy green space?
In the city of Hensingham, there are 12.3 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 Hensingham is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s the crime rate in Hensingham?
Within Hensingham, the number of people committing crimes is 103 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 103 figure carefully.
What is the city of Hensingham’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Hensingham compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Hensingham, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 16%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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 is the population of Hensingham?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Hensingham if 28,790 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 Hensingham such as rental yield or house appreciation.
How has the population size of Hensingham adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Hensingham by -2%. 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 -2% 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 Hensingham?
In the last decade, the population of Hensingham has been adjusted by -4%. 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.
How much do people in Hensingham earn?
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.
£37,200 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 16% for Hensingham.
Is the city of Hensingham deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Hensingham is 30% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
The city of Hensingham, situated in Cumbria, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Hensingham 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 Hensingham. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In general, for the city of Hensingham, what are the final purchase prices for the houses for sale?
For the city of Hensingham, the average price a house sells for is £136,693. This value usually depends on the exact location of the house within Hensingham as well as other factors like the population growth in Hensingham which is -4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£250,953|
|Aerage sold price (semi-detached)||£133,487|
|Aerage sold price (terraced)||£93,463|
|Aerage sold price (flat)||£89,472|
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 Hensingham.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,410|
|Aerage sold price/sqft (new build)||£1,920|
|Aerage sold price/sqft (old stock)||£1,320|
Generalising the bottom table, the average value per square foot of a house for sale is £1,410. This value averages all of the types of houses for sale in Hensingham. 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 Hensingham.
Asking price in Hensingham for a house for sale
Average price of houses for sale in Hensingham
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£109,896|
|Average asking price (3 bed)||£150,444|
|Average asking price (4 bed)||£267,231|
|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 Hensingham is the right area to buy a house in for you.
On average, in Hensingham, the asking price for a house for sale in the area is £154,147.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Hensingham. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
In Hensingham, what are the rental yields?
Is the housing market in Hensingham growing?
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 Hensingham at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Hensingham growth rate||-5%||2%||2%|
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 Hensingham 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 Hensingham.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Hensingham to Cumbria and the broader suburb of the UK; North West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Hensingham||4.9%||£625||no relevant data for this city||28.0%|
Let’s assume you want to sell the house you’re looking to buy in Hensingham for profit in the future, in this case, looking at the data for the number of houses sold per month in Hensingham would give you an idea of whether the area is actively getting new investors. This figure is 30.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Hensingham. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Advice from experts on properties for sale in Hensingham
houses for sale in other cities in the UK
You can assess the various houses for sale offered in the area by consulting this list of cities in North West, the same UK region as Hensingham:
- Caldy in North West
- Bruche in North West
- Airton in North West
- Carlisle in North West
- Clayton in North West
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
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
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Hensingham
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.