What is it like buying a house in Chineham?

Chineham can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Chineham.

On top of this, keep reading for detailed information on the demographics of Chineham in Hampshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

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 Chineham:

• Milngavie in South East
• Castell-y-bwch in South East
• Bearpark in South East
• Bramshott in South East
• Gaywood 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

In general, what do houses for sale sell for in Chineham?

In Chineham, houses for sale are sold at an average of £320,357. 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 Chineham. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

As you can see above, for Chineham, 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 7% where lots of movement may inflate or deflate house prices.

Looking at the second table about Chineham, 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 Chineham is £3,490.

What’s the rental yield in general for the city of Chineham?

What is the growth in the housing market of Chineham?

Before committing to Chineham 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.

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 Chineham is building housing to find your answer.

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 Chineham to Hampshire and the broader suburb of the UK; South East.

Let’s assume you want to sell the house you’re looking to buy in Chineham for profit in the future, in this case, looking at the data for the number of houses sold per month in Chineham would give you an idea of whether the area is actively getting new investors. This figure is 25.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Chineham. 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.

Are there any important statistics about the population of Chineham?

The city of Chineham, situated in Hampshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Chineham 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 Chineham. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is a social grade score and how does this relate to Chineham?

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 Chineham, the percentage of people in the two highest categories, A and B is 29%. 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 £58,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (29%).

In Chineham, what is the crime rate?

For every one thousand people living in Chineham, 88 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 88 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.

How educated are the people in Chineham?

The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £58,300 is the amount people in Chineham 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 Chineham, 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.

Is the city of Chineham 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 Chineham is 18%.

How much green space is available to residents of Chineham?

Whether you view green space in Chineham 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 Chineham, the number of acres of green space for every 1000 people currently is 17.5 which can be measured against the UK average of 1.7.

What does the population of Chineham look like?

The city of Chineham has a total population of 31,488. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Chineham is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Chineham

Over time, in the last five years, the population of the city of Chineham has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Chineham?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Chineham can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

How much do people in Chineham earn?

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 Chineham, the average income is £58,300. 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 29% to decide on what the demographics are like in the area.

Invest in houses for sale in Chineham with the right professional advice

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

• Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
• Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
• Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
• Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
• Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
• Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

What is the asking price on average of houses for sale in Chineham?

When investors make offers for houses for sale in Chineham, the average price asked by the homeowners works out to be £376,399.

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 Chineham 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 Chineham

After looking at this table about prices of houses for sale in Chineham, 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.

A house for sale that is right for you

Many criteria impact the price of houses for sale in Chineham.
Here below are the most important ones according to Lofti’s expertise:

• Affordability – (see what house for sale can you afford?)

  A guide from the UK government

• House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

• Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

• Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

• Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

• Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

• Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

• Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.