As a landlord, whenever you are looking at houses for sale in Staffordshire, you could find varying prices throughout an area like Cannock. 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 Cannock 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 Cannock will be revealed. Keep reading.
In Cannock, what is the asking price in general for a house for sale?
The average asking price for the houses for sale in the city of Cannock
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£185,676|
|Average asking price (3 bed)||£251,858|
|Average asking price (4 bed)||£378,921|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Cannock is the right area to buy a house in for you.
On average, in Cannock, the asking price for a house for sale in the area is £248,308.
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 Cannock. 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.
What are the people like in Cannock?
What is the population of Cannock?
Population growth in Cannock 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 Cannock, 42626 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 Cannock 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 Cannock, this change has been 3%. 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 3%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Cannock?
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 5% in Cannock.
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.
In the city of Cannock, is there a lot of green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Cannock, 25 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Cannock.
Are the people of Cannock deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Cannock, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Is the education level of Cannock important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Cannock is 16%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Cannock is £36,700.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What’s the crime rate in Cannock?
In Cannock, for every 1000 people, there is currently a crime rate of 9200%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (9200% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
What is a social grade score and how does this relate to Cannock?
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 Cannock 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 Cannock, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 15%.
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|
Cannock in the county of Staffordshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Cannock is located in; West Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Cannock, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What salary does the community in Cannock take home?
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 Cannock, the average income is £36,700.00. 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 15% to decide on what the demographics are like in the area.
What is the final sale price of a house in Cannock?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cannock. In Cannock, this sale price works out to be £186,515. As an example, a factor like population growth over the last 10 years which works out to be 5% in Cannock and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£260,046|
|Average sold price (semi-detached)||£157,806|
|Average sold price (terraced)||£148,749|
|Average sold price (flat)||£94,158|
Above, the exact type of house is also shown to vary in price in a table in Cannock. 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||£2,120|
|Average sold price/sqft (new build)||£2,360|
|Average sold price/sqft (old stock)||£1,950|
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 Cannock which is £2,120. 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.
What’s the rental yield in general for the city of Cannock?
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 Cannock, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; West Midlands. As well as Staffordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Cannock you might be interested in the number of sales per month (28) that happen in the local housing market. Comparing this figure for Cannock with the above table gives you a good understanding of the profitability of the area.
In Cannock, how has the number of houses changed?
Before committing to Cannock 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|
|Cannock growth rate||1%||21%||29%|
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 Cannock is building housing to find your answer.
houses for sale in other cities and regions in the UK
Below is a list of towns that differ from Cannock.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to West Midlands:
- greenham in West Midlands
- stevenage in West Midlands
- abergele in West Midlands
- backhill in West Midlands
- bicker in West Midlands
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Invest in houses for sale in Cannock with the right professional advice
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
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Cannock?
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.