Chelwood Gate 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 East Sussex.
Before looking for a house for sale in the city of Chelwood Gate 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 Chelwood Gate.
In Chelwood Gate, what are the rental yields?
Is the housing market in Chelwood Gate 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 Chelwood Gate at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Chelwood Gate growth rate||7%||15%||21%|
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 Chelwood Gate 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 Chelwood Gate.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Chelwood Gate to East Sussex and the broader suburb of the UK; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Chelwood Gate for profit in the future, in this case, looking at the data for the number of houses sold per month in Chelwood Gate would give you an idea of whether the area is actively getting new investors. This figure is 13.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Chelwood Gate. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Who can help you buy a house for sale in Chelwood Gate?
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.
House for sale in the same UK region
You can assess the various houses for sale offered in the area by consulting this list of cities in South East, the same UK region as Chelwood Gate:
- Aspley-Guise in South East
- Bulverhythe in South East
- Ashurst in South East
- Abingdon in South East
- Ashfold-Crossways in South East
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
A house for sale that is right for you
When browsing houses for sale in Chelwood Gate 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.
Asking price in Chelwood Gate for a house for sale
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Chelwood Gate determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £700,255.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Chelwood Gate.
Table showing the asking prices for houses for sale in Chelwood Gate
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£393,933|
|Average asking price (3 bed)||£579,832|
|Average asking price (4 bed)||£782,576|
|Average asking price (5 bed)||£1,306,429|
After looking at this table about prices of houses for sale in Chelwood Gate, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £0 will help them to have a more holistic understanding.
In general, what do houses for sale sell for in Chelwood Gate?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Chelwood Gate. In Chelwood Gate, this sale price works out to be £549,655. As an example, a factor like population growth over the last 10 years which works out to be 9% in Chelwood Gate and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£681,147|
|Average sold price (semi-detached)||£430,281|
|Average sold price (terraced)||£381,321|
|Average sold price (flat)||£236,850|
Above, the exact type of house is also shown to vary in price in a table in Chelwood Gate. 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||£4,120|
|Average sold price/sqft (new build)||£4,080|
|Average sold price/sqft (old stock)||£4,060|
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 Chelwood Gate which is £4,120. 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.
What are the people like in Chelwood Gate?
In Chelwood Gate, how has the population changed?
Population growth in Chelwood Gate 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 Chelwood Gate, 18,905 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 Chelwood Gate 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 Chelwood Gate, 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 Chelwood Gate?
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 9% in Chelwood Gate.
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.
How much are those living in Chelwood Gate earning?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Chelwood Gate. Compare the area’s average household income of £55,100 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 40% for more conclusive data on the affluence of the area.
Is the education level of Chelwood Gate important when buying a house?
In the city of Chelwood Gate, 35% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Chelwood Gate is £55,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Chelwood Gate, 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 East Sussex for example.
These demographics for Chelwood Gate 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 Chelwood Gate in South East.
Are the deprivation levels of the UK any different to Chelwood Gate?
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 15% for Chelwood Gate should give you a nice idea of the deprivation in the area.
In the city of Chelwood Gate, is there a lot of green space?
In the city of Chelwood Gate, there are 29.7 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 Chelwood Gate is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the social grade score of Chelwood Gate?
In the city of Chelwood Gate, the social grade score of the area is 40%. 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 Chelwood Gate.
|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 general, do people commit a lot of crime in Chelwood Gate?
The crime rate of Chelwood Gate must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 56, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (56) is both useful and is recommended to be compared to the average.