How much does a house for sale cost in Cannock?

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 Cannock, Staffordshire.

From the average asking price of houses for sale in Cannock to the growth of the population in the area, all will be talked about regarding the city of Cannock. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

What are the asking prices for the houses for sale in the city of Cannock?

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Cannock is £248,308.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Cannock is useful when negotiating and knowing what to expect for every type of house for sale.

Average asking prices for houses for sale in 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

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 Cannock is £0. This should show you the general prices overall and for individual types of houses too.

Why you should consider the average rental yield when searching for houses for sale in Cannock

What is the growth in the housing market of Cannock?

Whenever you are thinking about looking for houses for sale in Cannock, 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
Cannock growth rate	1%	21%	29%

As the population of Cannock 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.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Cannock. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Cannock.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Staffordshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Cannock.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Cannock	3.5%	£731	132%	24.0%
Staffordshire	3.76%	£767	113.22%	20.39%
West Midlands	3.89%	£877	119.29%	20.00%

You may also find it useful to compare the data above to the number of properties sold per month Cannock experiences. This figure for house sales per month is 38. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

What are the demographics like in the city of Cannock?

What’s a social grade score and how does it relate to Cannock?

In the city of Cannock, the social grade score of the area is 15%. 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 Cannock.

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 Cannock, what is the crime rate?

In Cannock, for every 1000 people, there is currently a crime rate of 92. 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 (92 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.

The city of Cannock, situated in Staffordshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Cannock and its demographics will be compared to its wider location (West Midlands). 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 Cannock. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Have the people of Cannock grown in numbers?

The city of Cannock has a total population of 42,626. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Cannock is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Cannock

Over time, in the last five years, the population of the city of Cannock has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Cannock?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of Cannock can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Is there sufficient green space in Cannock?

Whether you view green space in Cannock 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 Cannock, the number of acres of green space for every 1000 people currently is 25.3 which can be measured against the UK average of 1.7.

How deprived is the population of Cannock?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Cannock is 30% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

How much are those living in Cannock earning?

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. 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.

In Cannock, how educated are people in general?

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.

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.

In general, what do houses for sale sell for in Cannock?

For the city of Cannock, the average price a house sells for is £186,515. This value usually depends on the exact location of the house within Cannock as well as other factors like the population growth in Cannock which is 5% over a ten-year period.

Housing category	Total final sale price
Aerage sold price (detached)	£260,046
Aerage sold price (semi-detached)	£157,806
Aerage sold price (terraced)	£148,749
Aerage sold price (flat)	£94,158

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 Cannock.

Housing category	Sale price per square foot
Aerage sold price/sqft	£2,120
Aerage sold price/sqft (new build)	£2,360
Aerage sold price/sqft (old stock)	£1,950

Generalising the bottom table, the average value per square foot of a house for sale is £2,120. This value averages all of the types of houses for sale in Cannock. 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 Cannock.

Professional advice for houses for sale in Cannock

Finding the ideal house for sale for you

When browsing houses for sale in Cannock 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.

Thinking about other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in West Midlands, the same UK region as Cannock:

• Frankley in West Midlands
• Drakes-Cross in West Midlands
• Chesterfield in West Midlands
• Biddulph in West Midlands
• Admington in West Midlands

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

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.