As a landlord, whenever you are looking at houses for sale in Greater Manchester, you could find varying prices throughout an area like Stretford. 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 Stretford 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 Stretford will be revealed. Keep reading.
What are the demographics like in the city of Stretford?
Stretford 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 Stretford 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 Stretford, 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.
In Stretford, how has the population changed?
In total, the number of people in Stretford is 28434. 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 Stretford, depending on where exactly you are.
How has Stretford 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 Stretford has changed by 2%. 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 2% 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 Stretford?
6% 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 Stretford 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 Stretford, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Stretford is 25%. 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 Stretford is £39,800.00.
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.
How much green space is available to residents of Stretford?
Whether you view green space in Stretford 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 Stretford, the number of acres of green space for every 1000 people currently is 10 which can be measured against the UK average of 1.7.
What’s the crime rate in Stretford?
In Stretford, for every 1000 people, there is currently a crime rate of no relevant data for this city. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (no relevant data for this city for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
What is the social grade score of Stretford?
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 Stretford, the percentage of people in the two highest categories, A and B is 18%. 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 £39,800.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (18%).
How much do people in Stretford earn?
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 (18%). 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 Stretford, this works out to be £39,800.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
How deprived is the population of Stretford?
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 Stretford is £0 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.
Choose the right house for sale that suits your needs
When browsing houses for sale in Stretford 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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.
In general, for the city of Stretford, what are the final purchase prices for the houses for sale?
In Stretford, the average sale price of a house for sale is in fact £235,051. This is dependent on the 10 year population growth of Stretford being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Stretford.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£340,277|
|Aerage sold price (semi-detached)||£238,426|
|Aerage sold price (terraced)||£207,998|
|Aerage sold price (flat)||£123,472|
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 Stretford.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,460|
|Aerage sold price/sqft (new build)||£2,870|
|Aerage sold price/sqft (old stock)||£2,310|
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 £2,460. This means if you are just looking out the houses sold in Stretford in general and didn’t take into consideration the type of build. For example, a new build.
Who can help you buy a house for sale in Stretford?
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
In Stretford, 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 Stretford, 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 Greater Manchester, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Stretford||£0||£1,094||no relevant data for this city||£0|
Assuming that in the future you want to re-sell the house you will eventually purchased in Stretford you might be interested in the number of sales per month (16) that happen in the local housing market. Comparing this figure for Stretford with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Stretford?
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 Stretford that shows the growth in recent years.
|1 year||3 years||5 years|
|Stretford growth rate||3%||22%||39%|
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 Stretford is important.
What is the asking price on average of houses for sale in Stretford?
When investors make offers for houses for sale in Stretford, the average price asked by the homeowners works out to be £291,235.
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 Stretford 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.
Average price of houses for sale in Stretford
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£222,292|
|Average asking price (3 bed)||£302,548|
|Average asking price (4 bed)||£424,991|
|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 Stretford is the right area to buy a house in for you.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Stretford, examine this short list of cities below from outside of the region of North West for some inspiration.
- bissoe in North West
- borough-green in North West
- ash in North West
- bramshill in North West
- busbridge in North West
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Frequently Asked Questions
If you are a landlord, should you renovate a property in the city of Stretford?
Stretford is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 8 each month, attaining a success rate of nan and a total population of 28434. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What’s the number of property sales each month in Stretford?
The city of Stretford sees around 16 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 annual population shift in a city such as Stretford?
When evaluating the population trajectory of Stretford, explore the decade-spanning population shift of 6% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
prices for houses on sale in the broader vicinity of Stretford?
The current average price per square foot for a house in Stretford stands at £0, considering the mean cost for each square foot of houses for sale there.
Is purchasing a house in Stretford considered a costly decision?
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 Stretford this number is £235,051 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