Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Chalgrove, Oxfordshire.
From the average asking price of houses for sale in Chalgrove, to the growth of the population in the area, all will be talked about regarding the city of Chalgrove. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What kind of demographics does the city of Chalgrove have?
Are the people in Chalgrove earning a lot?
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 (35%). 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 Chalgrove, this works out to be £55,700.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Chalgrove in the county of Oxfordshire 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 Chalgrove is located in; South East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Chalgrove, 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 does the population of Chalgrove look like?
Population growth in Chalgrove 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 Chalgrove, 8080 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 Chalgrove 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 Chalgrove, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Chalgrove?
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 7% in Chalgrove.
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.
What is the social grade score of Chalgrove?
In the city of Chalgrove, the social grade score of the area is 35%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Chalgrove.
|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|
In Chalgrove, what are the deprivation levels like?
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 Chalgrove is £0.
For the city of Chalgrove, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 23%. The ability to buy a home is greatly influenced by the number of people who have degrees. £55,700.00 is the amount people in Chalgrove are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Chalgrove, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
How much green space is available to residents of Chalgrove?
In the city of Chalgrove, there are 13 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 Chalgrove is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In general, do people commit a lot of crime in Chalgrove?
For every one thousand people living in Chalgrove, 4800% 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 4800% 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.
In general, what do houses for sale sell for in Chalgrove?
For the city of Chalgrove, the average price a house sells for is £444,876. This value usually depends on the exact location of the house within Chalgrove as well as other factors like the population growth which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£560,604|
|Aerage sold price (semi-detached)||£362,383|
|Aerage sold price (terraced)||£326,946|
|Aerage sold price (flat)||no relevant data for this city|
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 Chalgrove.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,010|
|Aerage sold price/sqft (new build)||£3,920|
|Aerage sold price/sqft (old stock)||£3,910|
Generalising the bottom table, the average value per square foot of a house for sale is £4,010. This value averages all of the types of houses for sale in Chalgrove. 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 Chalgrove.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Who can help you buy a house for sale in Chalgrove?
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
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 Chalgrove.
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.
Other cities in different locations you can consider to buy property
You can consult our list below that goes over a list of cities not necessarily in South East, allowing you to find similar places to Chalgrove:
- bloxwich in South East
- coombes in South East
- clayton in South East
- aldham in South East
- bellochantuy in South East
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
On average, what is the figure for the asking price of a house for sale in Chalgrove?
When investors make offers for houses for sale in Chalgrove, the average price asked by the homeowners works out to be £584,765.
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 Chalgrove 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.
The average asking price for the houses for sale in the city of Chalgrove
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£466,177|
|Average asking price (4 bed)||£700,330|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Chalgrove is £0. This should show you the general prices overall and for individual types of houses too.
In Chalgrove, what are the rental yields?
Are there more or fewer houses being built in Chalgrove?
Before committing to Chalgrove to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Chalgrove growth rate||6%||14%||21%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Chalgrove is building housing to find your answer.
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 Chalgrove, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South East. As well as Oxfordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Chalgrove||no relevant data for this city||no relevant data for this city||no relevant data for this city||£0|
Assuming that in the future you want to re-sell the house you will eventually purchased in Chalgrove you might be interested in the number of sales per month (3) that happen in the local housing market. Comparing this figure for Chalgrove with the above table gives you a good understanding of the profitability of the area.
Do properties in Chalgrove have the potential for renovation?
Every single month in Chalgrove, there are 6 planning applications, of which nan result in a success. Look at this in terms of the population size of 8080 to work out if you think you’d have good planning success if you were to renovate.
What’s the number of property sales each month in Chalgrove?
In Chalgrove, the monthly property transaction count reaches 3, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
What’s the year-over-year population change in Chalgrove or similar cities?
Calculating the evolution of Chalgrove’s population requires an examination of the population transformation over a decade, amounting to 7%, and the five-year adjustment at 4%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby
What is the asking price for houses for sale in the wider region of Chalgrove?
In Chalgrove, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Does opting for a house for sale in Chalgrove come with a hefty price tag?
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 Chalgrove this number is £444,876 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