As a landlord, whenever you are looking at houses for sale in Greater Manchester, you could find varying prices throughout an area like Moorside. 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 Moorside 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 Moorside will be revealed. Keep reading.
Always consider average rental yield when searching for houses for sale in Moorside
Is the housing market in Moorside growing?
Whenever you are thinking about looking for houses for sale in Moorside, 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|
|Moorside growth rate||2%||38%||38%|
As the population of Moorside 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.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Moorside.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Greater Manchester) as well as the broader region; North West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Moorside||4.8%||£820||no relevant data for this city||16.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Moorside which is 24 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Moorside is to invest in. Both in terms of rental yield and capital appreciation.
What kind of demographics does the city of Moorside have?
In Moorside, how educated are people in general?
In Moorside, 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 Moorside is £36,400.
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 general, do people commit a lot of crime in Moorside?
For the city of Moorside, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city 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.
How much are those living in Moorside earning?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Moorside, the average income is £36,400. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 16% to decide on what the demographics are like in the area.
Is there sufficient green space in Moorside?
Whether you view green space in Moorside 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 Moorside, the number of acres of green space for every 1000 people currently is 6.7 which can be measured against the UK average of 1.7.
Are the people of Moorside 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 Moorside is 31%.
In Moorside, 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 Moorside if 44,247 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 Moorside such as rental yield or house appreciation.
How has the population size of Moorside adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Moorside by 3%. 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 3% 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 Moorside?
In the last decade, the population of Moorside has been adjusted by 6%. 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.
Moorside in the county of Greater Manchester is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Moorside is located in; North West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Moorside, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What’s a social grade score and how does it relate to Moorside?
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 Moorside, the percentage of people in the two highest categories, A and B is 16%. 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 £36,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).
What is the asking price on average of houses for sale in Moorside?
When speaking about the city of Moorside, £205,247 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Moorside.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Average asking prices for houses for sale in Moorside
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£148,042|
|Average asking price (3 bed)||£223,410|
|Average asking price (4 bed)||£371,816|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Moorside has a lack of supply of housing in certain categories.
In general, for the city of Moorside, what are the final purchase prices for the houses for sale?
In Moorside, houses for sale are sold at an average of £150,956. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Moorside. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£292,595|
|Aerage sold price (semi-detached)||£173,163|
|Aerage sold price (terraced)||£101,142|
|Aerage sold price (flat)||£114,048|
As you can see above, for Moorside, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,720|
|Aerage sold price/sqft (new build)||£2,250|
|Aerage sold price/sqft (old stock)||£1,600|
Looking at the second table about Moorside, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Moorside is £1,720.