As a landlord, whenever you are looking at houses for sale in Cheshire, you could find varying prices throughout an area like Edgeley. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Edgeley to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Edgeley will be revealed. Keep reading.
What kind of demographics does the city of Edgeley have?
How much do people in Edgeley earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Edgeley, the average income is £40,200. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 19% to decide on what the demographics are like in the area.
Located in Cheshire is the city of Edgeley, 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 Edgeley 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 Edgeley 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.
What’s crime like in Edgeley?
For every one thousand people living in Edgeley, 72 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 72 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.
How deprived is the population of Edgeley?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Edgeley, currently, 24% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
In the city of Edgeley, has the population grown or shrunk?
Population growth in Edgeley is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Edgeley, 19,119 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Edgeley in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Edgeley, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Edgeley?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Edgeley.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
What is the city of Edgeley’s social grade score?
In the city of Edgeley 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 Edgeley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 19%.
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 much green space is available to residents of Edgeley?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Edgeley, the city has 19.3 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Edgeley.
Is the education level of Edgeley important when buying a house?
In Edgeley, the proportion of people who have a degree is 24%. 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 Edgeley is £40,200.
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.
In Edgeley, what do houses for sale tend to sell for?
In Edgeley, the average sale price of a house for sale is in fact £234,917. This is dependent on the 10 year population growth of Edgeley being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Edgeley.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £299,039 |
| Aerage sold price (semi-detached) | £174,654 |
| Aerage sold price (terraced) | £142,933 |
| Aerage sold price (flat) | £82,743 |
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 Edgeley.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,060 |
| Aerage sold price/sqft (new build) | £2,100 |
| Aerage sold price/sqft (old stock) | £1,950 |
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 £2,060. This means if you are just looking out the houses sold in Edgeley in general and didn’t take into consideration the type of build. For example, a new build.
What is the asking price on average of houses for sale in Edgeley?
When speaking about the city of Edgeley, £345,789 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 Edgeley.
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.
Table showing the asking prices for houses for sale in Edgeley
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £186,786 |
| Average asking price (3 bed) | £313,021 |
| Average asking price (4 bed) | £420,263 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Edgeley, 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.
Always consider average rental yield when searching for houses for sale in Edgeley
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 Edgeley.
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 (Cheshire) as well as the broader region; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Edgeley | 2.7% | £789 | no relevant data for this city | 16.0% |
| Cheshire | 3.58% | £943 | 128.55% | 20.11% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Also, you can compare other data to the table above such as the number of houses sold per month in Edgeley which is 12 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 Edgeley is to invest in. Both in terms of rental yield and capital appreciation.
Is the housing market in Edgeley 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 Edgeley at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Edgeley growth rate | -4% | 14% | 21% |
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 Edgeley 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 Edgeley.
Get professional help on the houses for sale in Edgeley
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
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in Wales, the same UK region of Edgeley that can help you evaluate the different houses for sale listed in the region:
- Llandudno in Wales
- Coed-Yr-Ynys in Wales
- Blaengwrach in Wales
- Aberyscir in Wales
- Llysfaen in Wales
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Edgeley
-
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
-
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
-
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
-
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
-
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
-
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
-
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
-
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
-
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.
Recent Comments