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 Kemsley, Kent.
From the average asking price of houses for sale in Kemsley to the growth of the population in the area, all will be talked about regarding the city of Kemsley. 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 Kemsley have?
In Kemsley, what are the deprivation levels like?
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 25% for Kemsley should give you a nice idea of the deprivation in the area.
Are the people in Kemsley earning a lot?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £46,100.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Kemsley this figure is 15%.
The city of Kemsley, 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 Kemsley 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 Kemsley. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the social grade score of Kemsley?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Kemsley in grades A or B which are the highest skilled roles in the country is 15%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £46,100 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 15%.
In the city of Kemsley, has the population grown or shrunk?
The city of Kemsley has a total population of 47,513. 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 Kemsley 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 Kemsley
Over time, in the last five years, the population of the city of Kemsley has changed by 6%. 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 6% 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 Kemsley?
In the last 10 years, there has been a shift in the population of 12%.
Comparing this to the 5 year figure of Kemsley 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 educated are the people in Kemsley?
In the city of Kemsley, 17% 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 Kemsley is £46,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s the crime rate in Kemsley?
The crime rate of Kemsley 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 142, 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 (142) is both useful and is recommended to be compared to the average.
Do the people of Kemsley get to enjoy green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Kemsley, 7.8 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Kemsley.
What is the final sale price of a house in Kemsley?
For the city of Kemsley, the average price a house sells for is £249,387. This value usually depends on the exact location of the house within Kemsley as well as other factors like the population growth in Kemsley which is 12% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£365,020|
|Aerage sold price (semi-detached)||£268,258|
|Aerage sold price (terraced)||£222,140|
|Aerage sold price (flat)||£154,244|
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 Kemsley.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,960|
|Aerage sold price/sqft (new build)||£3,050|
|Aerage sold price/sqft (old stock)||£2,850|
Generalising the bottom table, the average value per square foot of a house for sale is £3,310. This value averages all of the types of houses for sale in Kemsley. 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 Kemsley.
Why you should consider the average rental yield when searching for houses for sale in Kemsley
What is the growth in the housing market of Kemsley?
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 Kemsley at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Kemsley growth rate||10%||17%||23%|
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 Kemsley 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 Kemsley.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Kemsley. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Kemsley.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Kent), a regional level (South East) and finally on the level of the city talked about in this article, Kemsley.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Kemsley experiences. This figure for house sales per month is 48. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What is the asking price on average of houses for sale in Kemsley?
When speaking about the city of Kemsley, £336,692 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Kemsley.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
The average asking price for the houses for sale in the city of Kemsley
|Average asking price (1 bed)||£156,500|
|Average asking price (2 bed)||£238,564|
|Average asking price (3 bed)||£336,886|
|Average asking price (4 bed)||£454,745|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Kemsley and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £3,670 should also give you an overview of what the asking price for houses for sale are in general.