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 Chirbury, Shropshire.
From the average asking price of houses for sale in Chirbury to the growth of the population in the area, all will be talked about regarding the city of Chirbury. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Chirbury, what are the rental yields?
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 Chirbury, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Shropshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Chirbury||no relevant data for this city||no relevant data for this city||no relevant data for this city||8.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Chirbury you might be interested in the number of sales per month (2) that happen in the local housing market. Comparing this figure for Chirbury with the above table gives you a good understanding of the profitability of the area.
In Chirbury, how has the number of houses changed?
Before committing to Chirbury 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.
|1 year||3 years||5 years|
|Chirbury growth rate||14%||26%||33%|
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 Chirbury is building housing to find your answer.
On average, what is the figure for the asking price of a house for sale in Chirbury?
On average, in Chirbury, the asking price for a house for sale in the area is £310,288.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Chirbury. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
The average asking price for the houses for sale in the city of Chirbury
|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)||no relevant data for this city|
|Average asking price (4 bed)||no relevant data for this city|
|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 Chirbury has a lack of supply of housing in certain categories.
What is the final sale price of a house in Chirbury?
For the city of Chirbury, the average price a house sells for is £237,446. This value usually depends on the exact location of the house within Chirbury as well as other factors like the population growth in Chirbury which is 1% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£279,520|
|Aerage sold price (semi-detached)||£178,028|
|Aerage sold price (terraced)||£145,478|
|Aerage sold price (flat)||no relevant data for this city|
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 Chirbury.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,980|
|Aerage sold price/sqft (new build)||£2,600|
|Aerage sold price/sqft (old stock)||£1,930|
Generalising the bottom table, the average value per square foot of a house for sale is £1,980. This value averages all of the types of houses for sale in Chirbury. 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 Chirbury.
What are the demographics like in the city of Chirbury?
What does the population of Chirbury look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Chirbury if 5,407 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 Chirbury such as rental yield or house appreciation.
How has the population size of Chirbury adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Chirbury 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 Chirbury?
In the last decade, the population of Chirbury has been adjusted by 1%. 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.
Located in Shropshire is the city of Chirbury, in a large part of the UK; Wales. 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 Chirbury 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 Chirbury 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.
Are the deprivation levels of the UK any different to Chirbury?
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 19% for Chirbury should give you a nice idea of the deprivation in the area.
What is the city of Chirbury’s social grade score?
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 Chirbury in grades A or B which are the highest skilled roles in the country is 23%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £38,000 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 23%.
What salary does the community in Chirbury take home?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£38,000 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 23% for Chirbury.
What’s crime like in Chirbury?
For the city of Chirbury, crime rate is at 38. So for every 1000 people in the area, 38 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
Is the education level of Chirbury important when buying a house?
In Chirbury, the proportion of people who have a degree is 29%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Chirbury is £38,000.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
Is there sufficient green space in Chirbury?
In the city of Chirbury, there are 19.1 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 Chirbury is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Get professional help on the houses for sale in Chirbury
houses for sale in other cities in the UK
Examine this short list of cities belonging to Wales, the same region where Chirbury is located.
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
A house for sale that is right for you
When browsing houses for sale in Chirbury you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
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