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A guide on houses for sale in Westgate on Sea

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ A guide on houses for sale in Westgate on Sea

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 Westgate on Sea, Kent.

From the average asking price of houses for sale in Westgate on Sea to the growth of the population in the area, all will be talked about regarding the city of Westgate on Sea. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

In general, for the city of Westgate on Sea, what are the final purchase prices for the houses for sale?

In Westgate on Sea, houses for sale are sold at an average of £244,585. 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 Westgate on Sea. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £366,751
Aerage sold price (semi-detached) £262,769
Aerage sold price (terraced) £249,430
Aerage sold price (flat) £159,428

As you can see above, for Westgate on Sea, 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 6% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,780
Aerage sold price/sqft (new build) £2,620
Aerage sold price/sqft (old stock) £2,690

Looking at the second table about Westgate on Sea, 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 Westgate on Sea is £2,780.

Always consider average rental yield when searching for houses for sale in Westgate on Sea

What is the growth in the housing market of Westgate on Sea?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Westgate on Sea that shows the growth in recent years.

1 year 3 years 5 years
Westgate on Sea growth rate 7% 24% 31%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Westgate on Sea is important.

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 Westgate on Sea, 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 Kent, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Westgate on Sea no relevant data for this city no relevant data for this city no relevant data for this city 8.0%
Kent 3.63% £1,229 130.16% 16.77%
South East 3.58% £1,301 127.50% 16.69%

Assuming that in the future you want to re-sell the house you will eventually purchased in Westgate on Sea you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Westgate on Sea with the above table gives you a good understanding of the profitability of the area.

What are the demographics like in the city of Westgate on Sea?

Are the deprivation levels of the UK any different to Westgate on Sea?

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 Westgate on Sea is 29%.

What’s the crime rate in Westgate on Sea?

For every one thousand people living in Westgate on Sea, 109 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 109 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.

Are the people in Westgate on Sea 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 £34,400.

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 Westgate on Sea this figure is 15%.

Have the people of Westgate on Sea 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 Westgate on Sea if 7,368 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 Westgate on Sea such as rental yield or house appreciation.

How has the population size of Westgate on Sea adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Westgate on Sea by 1%. 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 1% 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 Westgate on Sea?

In the last decade, the population of Westgate on Sea has been adjusted by 6%. 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.

What is the city of Westgate on Sea’s social grade score?

In the city of Westgate on Sea and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Westgate on Sea has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

How educated are the people in Westgate on Sea?

In the city of Westgate on Sea, 20% 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 Westgate on Sea is £34,400.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

The city of Westgate on Sea, 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 Westgate on Sea 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 Westgate on Sea. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In the city of Westgate on Sea, how much green space remains for residents?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Westgate on Sea currently has 10.5 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Westgate on Sea in this case.

What are the asking prices for the houses for sale in the city of Westgate on Sea?

In the city of Westgate on Sea, what is the average asking price for the houses for sale?

Average asking price (1 bed) £177,500
Average asking price (2 bed) £285,236
Average asking price (3 bed) £364,996
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Westgate on Sea, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Westgate on Sea is £314,813.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Westgate on Sea is useful when negotiating and knowing what to expect for every type of house for sale.

Get professional help on the houses for sale in Westgate on Sea

Thinking about other cities with houses for sale?

We have prepared a list of cities in South East, the same UK region of Westgate on Sea that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

A house for sale that is right for you

What parameters impact the final price of a house for sale in Westgate on Sea?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

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

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