Canterbury 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 Kent.
Before looking for a house for sale in the city of Canterbury 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 Canterbury.
Professional advice for houses for sale in Canterbury
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
What are the asking prices for the houses for sale in the city of Canterbury?
When investors make offers for houses for sale in Canterbury, the average price asked by the homeowners works out to be £331,423.
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 Canterbury 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.
Table showing the asking prices for houses for sale in Canterbury
|Average asking price (1 bed)||£172,891|
|Average asking price (2 bed)||£276,602|
|Average asking price (3 bed)||£381,947|
|Average asking price (4 bed)||£583,392|
|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 £3,630. 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 Canterbury has a lack of supply of housing in certain categories.
How are rental yields of the houses for sale different to the rest of the UK in Canterbury?
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 Canterbury.
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 (Kent) as well as the broader region; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Also, you can compare other data to the table above such as the number of houses sold per month in Canterbury which is 29 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 Canterbury is to invest in. Both in terms of rental yield and capital appreciation.
Is the housing market in Canterbury 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 Canterbury at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Canterbury growth rate||no relevant data for this city||4%||4%|
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 Canterbury 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 Canterbury.
houses for sale in other cities in the UK
Examine this short list of cities belonging to South East, the same region where Canterbury is located.
- North-Baddesley in South East
- Cold-Ash in South East
- Charvil in South East
- Blackstone in South East
- Darby-Green in South East
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.
A house for sale that is right for you
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 Canterbury.
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.
What are the people like in Canterbury?
Are the deprivation levels of the UK any different to Canterbury?
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 Canterbury is 22% 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.
In the city of Canterbury, is there a lot of green space?
In the city of Canterbury, there are 10.6 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 Canterbury 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 Canterbury?
Within Canterbury, the number of people committing crimes is 256 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 256 figure carefully.
Have the people of Canterbury grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Canterbury if 29,688 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 Canterbury such as rental yield or house appreciation.
How has the population size of Canterbury adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Canterbury by 4%. 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 4% 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 Canterbury?
In the last decade, the population of Canterbury has been adjusted by 12%. 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.
The city of Canterbury, situated in Kent, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Canterbury and its demographics will be compared to its wider location (South East). 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 Canterbury. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much do people in Canterbury 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.
£43,100 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 27% for Canterbury.
What is the education level like in Canterbury?
In the city of Canterbury, 32% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Canterbury is £43,100. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
What’s a social grade score and how does it relate to Canterbury?
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 Canterbury, the percentage of people in the two highest categories, A and B is 27%. 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 £43,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (27%).
What is the final sale price of a house in Canterbury?
As well as looking at the asking price for house for sale in Canterbury, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Canterbury.
Houses for sale, are sold on average in Canterbury, after the influence of these factors, at £277,683 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 12% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£473,850|
|Aerage sold price (semi-detached)||£288,106|
|Aerage sold price (terraced)||£274,570|
|Aerage sold price (flat)||£216,051|
This table above shows the average sale price for each variation of houses for sale in Canterbury.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,240|
|Aerage sold price/sqft (new build)||£3,230|
|Aerage sold price/sqft (old stock)||£3,210|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Canterbury is £3,440.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.