Whenever looking for a house for sale in the UK or in Chilsworthy, it is vital you look at the market trends and house price fluctuations in the wider area of Cornwall too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Chilsworthy.
In this article, we will be looking at the city of Chilsworthy in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Chilsworthy have?
In Chilsworthy, what is the crime rate?
For every one thousand people living in Chilsworthy, 30 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 30 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.
What salary does the community in Chilsworthy take home?
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 Chilsworthy. Compare the area’s average household income of £38,900 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 24% for more conclusive data on the affluence of the area.
The city of Chilsworthy, situated in Cornwall, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Chilsworthy and its demographics will be compared to its wider location (South West). 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 Chilsworthy. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Are the deprivation levels of the UK any different to Chilsworthy?
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 Chilsworthy should give you a nice idea of the deprivation in the area.
What is a social grade score and how does this relate to Chilsworthy?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Chilsworthy compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Chilsworthy, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 24%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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 Chilsworthy, is there a lot of green space?
In the city of Chilsworthy, there are 7.3 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 Chilsworthy 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 education level like in Chilsworthy?
In the city of Chilsworthy, 32% 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 Chilsworthy is £38,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Chilsworthy, how has the population changed?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Chilsworthy is 4,896.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Chilsworthy.
In Chilsworthy, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Chilsworthy is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Chilsworthy population difference over 10 years?
The population has adjusted in the area of Chilsworthy by 8% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Chilsworthy.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What’s the rental yield in general for the city of Chilsworthy?
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 Chilsworthy, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Cornwall, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Chilsworthy||no relevant data for this city||no relevant data for this city||no relevant data for this city||15.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Chilsworthy you might be interested in the number of sales per month (5) that happen in the local housing market. Comparing this figure for Chilsworthy with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Chilsworthy 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 Chilsworthy at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Chilsworthy growth rate||25%||40%||51%|
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 Chilsworthy 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 Chilsworthy.
In Chilsworthy, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Chilsworthy. In Chilsworthy, this sale price works out to be £245,144. As an example, a factor like population growth over the last 10 years which works out to be 8% in Chilsworthy and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£301,520|
|Average sold price (semi-detached)||£211,352|
|Average sold price (terraced)||£172,615|
|Average sold price (flat)||no relevant data for this city|
Above, the exact type of house is also shown to vary in price in a table in Chilsworthy. 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||£2,370|
|Average sold price/sqft (new build)||£2,330|
|Average sold price/sqft (old stock)||£2,250|
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 Chilsworthy which is £2,370. 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.
Asking price in Chilsworthy for a house for sale
When investors make offers for houses for sale in Chilsworthy, the average price asked by the homeowners works out to be £369,000.
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 Chilsworthy 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.
In the city of Chilsworthy, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£318,846|
|Average asking price (4 bed)||£488,500|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Chilsworthy has a lack of supply of housing in certain categories.
Advice from experts on properties for sale in Chilsworthy
houses for sale in other cities in the UK
You can assess the various houses for sale offered in the area by consulting this list of cities in South West, the same UK region as Chilsworthy:
- Crownhill in South West
- Brill in South West
- Abbotts-Ann in South West
- Bishopstrow in South West
- Barnstaple in South West
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Invest in a house for sale that meets your demands
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Chilsworthy.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.