fbpx

What is it like buying a house in High Legh?

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 High Legh?

Whenever looking for a house for sale in the UK or in High Legh, it is vital you look at the market trends and house price fluctuations in the wider area of Cheshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of High Legh.

In this article, we will be looking at the city of High Legh in detail so you know how to navigate the area and have a better understanding on where to invest.

Are there any important statistics about the population of High Legh?

In general, do people commit a lot of crime in High Legh?

For every one thousand people living in High Legh, 66 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 66 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Is the city of High Legh 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 16% for High Legh should give you a nice idea of the deprivation in the area.

What is the education level like in High Legh?

In High Legh, the proportion of people who have a degree is 39%. 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 High Legh is £47,600.

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.

What is the population of High Legh?

Population growth in High Legh is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In High Legh, 23,406 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In High Legh in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In High Legh, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in High Legh?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in High Legh.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In the city of High Legh, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Cheshire for example.

These demographics for High Legh may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of High Legh in North West.

How much do people in High Legh earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £47,600.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For High Legh this figure is 41%.

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

In the city of High Legh and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of High Legh has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 41%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

How much green space is available to residents of High Legh?

Whether you view green space in High Legh 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 High Legh, the number of acres of green space for every 1000 people currently is 33.9 which can be measured against the UK average of 1.7.

Why you should consider the average rental yield when searching for houses for sale in High Legh

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 High Legh, 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 Cheshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
High Legh 2.6% £1,277 89% 13.0%
Cheshire 3.58% £943 128.55% 20.11%
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 High Legh you might be interested in the number of sales per month (16) that happen in the local housing market. Comparing this figure for High Legh with the above table gives you a good understanding of the profitability of the area.

In High Legh, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for High Legh that shows the growth in recent years.

1 year 3 years 5 years
High Legh growth rate -9% 4% 10%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in High Legh is important.

In general, what do houses for sale sell for in High Legh?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in High Legh. In High Legh, this sale price works out to be £407,091. As an example, a factor like population growth over the last 10 years which works out to be 5% in High Legh and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £581,771
Average sold price (semi-detached) £325,444
Average sold price (terraced) £325,493
Average sold price (flat) £180,205

Above, the exact type of house is also shown to vary in price in a table in High Legh. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £3,380
Average sold price/sqft (new build) £2,960
Average sold price/sqft (old stock) £3,260

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in High Legh which is £3,600. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Asking price in High Legh for a house for sale

Average asking prices for houses for sale in High Legh

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £326,798
Average asking price (3 bed) £470,747
Average asking price (4 bed) £763,059
Average asking price (5 bed) £1,304,167

After looking at this table about prices of houses for sale in High Legh, 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 £3,820 will help them to have a more wholistic understanding.

When investors make offers for houses for sale in High Legh, the average price asked by the homeowners works out to be £595,605.

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 High Legh 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.

Invest in houses for sale in High Legh with the right professional advice

Are you considering other cities with houses for sale?

Examine this short list of cities belonging to North West, the same region where High Legh is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

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.

Choose the right house for sale that suits your needs

When browsing houses for sale in High Legh 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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *