Cheddar 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 Cheddar.
On top of this, keep reading for detailed information on the demographics of Cheddar in Somerset. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What is the final sale price of a house in Cheddar?
In Cheddar, the average sale price of a house for sale is in fact £307,517. This is dependent on the 10 year population growth of Cheddar being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Cheddar.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£383,826|
|Aerage sold price (semi-detached)||£266,626|
|Aerage sold price (terraced)||£206,520|
|Aerage sold price (flat)||£122,648|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Cheddar.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,850|
|Aerage sold price/sqft (new build)||£2,950|
|Aerage sold price/sqft (old stock)||£2,760|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £2,850. This means if you are just looking out the houses sold in Cheddar in general and didn’t take into consideration the type of build. For example, a new build.
On average, what is the figure for the asking price of a house for sale in Cheddar?
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 Cheddar 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 £428,637.
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 Cheddar.
Average price of houses for sale in Cheddar
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£263,245|
|Average asking price (3 bed)||£379,842|
|Average asking price (4 bed)||£573,200|
|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 in terms of the house asking price, the average asking price for the house for sale in the whole of Cheddar is £0. This should show you the general prices overall and for individual types of houses too.
What kind of demographics does the city of Cheddar have?
Have the people of Cheddar grown in numbers?
In total, the number of people in Cheddar is 6,996. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Cheddar, depending on where exactly you are.
How has Cheddar changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Cheddar has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Cheddar?
8% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Cheddar have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What is a social grade score and how does this relate to Cheddar?
In the city of Cheddar, the social grade score of the area is 29%. 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 Cheddar.
|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 the city of Cheddar, is there a lot of green space?
Whether you view green space in Cheddar 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 Cheddar, the number of acres of green space for every 1000 people currently is 9.5 which can be measured against the UK average of 1.7.
What salary does the community in Cheddar take home?
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 (29%). 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 Cheddar, this works out to be £43,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
How educated are the people in Cheddar?
In the city of Cheddar, 30% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Cheddar is £43,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Is the crime rate bad in the city of Cheddar?
Within Cheddar, the number of people committing crimes is 86 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 86 figure carefully.
In Cheddar, 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 21% for Cheddar should give you a nice idea of the deprivation in the area.
Located in Somerset is the city of Cheddar, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Cheddar has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Cheddar which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Why you should consider the average rental yield when searching for houses for sale in Cheddar
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Cheddar.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Somerset) as well as the broader region; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Cheddar||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Cheddar which is 5 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Cheddar is to invest in. Both in terms of rental yield and capital appreciation.
In Cheddar, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Cheddar, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Cheddar growth rate||-3%||12%||25%|
As the population of Cheddar grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Invest in houses for sale in Cheddar with the right professional advice
houses for sale in other cities in the UK
Below are a list of towns with a similar location to Cheddar.
Reading these analysis will help you evaluate the different houses for sale currently listed in South West:
- Carbis-Bay in South West
- Colyton in South West
- Cam in South West
- Alcombe in South West
- Edgcumbe in South West
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
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.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Cheddar.
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.