What is it like buying a house in Chatcull?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ What is it like buying a house in Chatcull?

As a landlord, whenever you are looking at houses for sale in Staffordshire, you could find varying prices throughout an area like Chatcull. 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 Chatcull 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 Chatcull will be revealed. Keep reading.

Are there any important statistics about the population of Chatcull?

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

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Chatcull, the percentage of people in the two highest categories, A and B is 34%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £48,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (34%).

What’s crime like in Chatcull?

Within Chatcull, the number of people committing crimes is 38 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 38 figure carefully.

What does the population of Chatcull look like?

The city of Chatcull has a total population of 6,045. 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 Chatcull 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 Chatcull

Over time, in the last five years, the population of the city of Chatcull has changed by 4%. 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 4% 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 Chatcull?

In the last 10 years, there has been a shift in the population of 6%.

Comparing this to the 5 year figure of Chatcull 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.

How much green space is available to residents of Chatcull?

Whether you view green space in Chatcull 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 Chatcull, the number of acres of green space for every 1000 people currently is 9.0 which can be measured against the UK average of 1.7.

Chatcull within Staffordshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Chatcull will be looked at by comparing it to the local region, as well as comparing it to the wider region too (West Midlands). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Chatcull.

In Chatcull, what are the deprivation levels like?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Chatcull is 18%.

How much do people in Chatcull 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 Chatcull, the average income is £48,800. 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 34% to decide on what the demographics are like in the area.

Is the education level of Chatcull important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 32%. The ability to buy a home is greatly influenced by the number of people who have degrees. £48,800 is the amount people in Chatcull are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Chatcull, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Chatcull, what are the rental yields?

What is the growth in the housing market of Chatcull?

The growth of an area like Chatcull can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Chatcull growth rate 1% no relevant data for this city 14%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Chatcull if you want to find out the exact reasons for the housing change.

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 Chatcull.

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 (Staffordshire) as well as the broader region; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Chatcull no relevant data for this city no relevant data for this city no relevant data for this city 14.0%
Staffordshire 3.76% £767 113.22% 20.39%
West Midlands 3.89% £877 119.29% 20.00%

Also, you can compare other data to the table above such as the number of houses sold per month in Chatcull which is 4 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 Chatcull is to invest in. Both in terms of rental yield and capital appreciation.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Chatcull. In Chatcull, this sale price works out to be £312,273. As an example, a factor like population growth over the last 10 years which works out to be 6% in Chatcull and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £355,423
Average sold price (semi-detached) £216,929
Average sold price (terraced) £197,916
Average sold price (flat) £151,250

Above, the exact type of house is also shown to vary in price in a table in Chatcull. 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 £2,470
Average sold price/sqft (new build) £2,500
Average sold price/sqft (old stock) £2,370

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 Chatcull which is £2,470. 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 Chatcull for a house for sale

On average, in Chatcull, the asking price for a house for sale in the area is £411,936.

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 Chatcull. 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 Chatcull

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) £389,063
Average asking price (4 bed) no relevant data for this city
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Chatcull and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.