What is it like buying a house in Collingtree?

by | Nov 15, 2022

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Collingtree might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Northamptonshire.
Before looking for a house for sale in the city of Collingtree we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Collingtree.

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

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Collingtree to Northamptonshire and the broader suburb of the UK; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Collingtree 3.5% £997 140% 20.0%
Northamptonshire 3.73% £983 126.92% 19.22%
West Midlands 3.89% £877 119.29% 20.00%

Let’s assume you want to sell the house you’re looking to buy in Collingtree for profit in the future, in this case, looking at the data for the number of houses sold per month in Collingtree would give you an idea of whether the area is actively getting new investors. This figure is 42.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Collingtree. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

In Collingtree, how has the number of houses changed?

The growth of an area like Collingtree 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
Collingtree growth rate 1% 10% 16%

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 Collingtree if you want to find out the exact reasons for the housing change.

What are the people like in Collingtree?

What is the education level like in Collingtree?

The number of people as a percentage who have been through university and gained a degree is 28%. The ability to buy a home is greatly influenced by the number of people who have degrees. £50,000 is the amount people in Collingtree 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 Collingtree, 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.

Is there sufficient green space in Collingtree?

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 Collingtree, 19.4 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 Collingtree.

What is the social grade score of Collingtree?

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 Collingtree, the percentage of people in the two highest categories, A and B is 25%. 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 £50,000. This income will generally get bigger as the percentage of people in the A and B categories go up too (25%).

What is the population of Collingtree?

The city of Collingtree has a total population of 46,727. 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 Collingtree 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 Collingtree

Over time, in the last five years, the population of the city of Collingtree has changed by no relevant data for this city. 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 no relevant data for this city 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 Collingtree?

In the last 10 years, there has been a shift in the population of no relevant data for this city.

Comparing this to the 5 year figure of Collingtree 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.

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

In the below headings, the city of Collingtree 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 Collingtree. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much do people in Collingtree earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £50,000.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Collingtree this figure is 25%.

Is the crime rate bad in the city of Collingtree?

For the city of Collingtree, crime rate is at 100. So for every 1000 people in the area, 100 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.

How deprived is the population of Collingtree?

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 Collingtree, in particular, the deprivation levels are 20%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In general, for the city of Collingtree, what are the final purchase prices for the houses for sale?

In Collingtree, houses for sale are sold at an average of £272,935. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Collingtree. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £354,258
Aerage sold price (semi-detached) £237,474
Aerage sold price (terraced) £208,026
Aerage sold price (flat) £146,019

As you can see above, for Collingtree, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of no relevant data for this city where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,800
Aerage sold price/sqft (new build) £2,750
Aerage sold price/sqft (old stock) £2,730

Looking at the second table about Collingtree, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Collingtree is £3,020.

What is the asking price on average of houses for sale in Collingtree?

In the city of Collingtree, what is the average asking price for the houses for sale?

Average asking price (1 bed) £150,813
Average asking price (2 bed) £218,668
Average asking price (3 bed) £304,107
Average asking price (4 bed) £466,576
Average asking price (5 bed) £630,369

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Collingtree 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 £3,240 should also give you an overview of what the asking price for houses for sale are in general.

On average, in Collingtree, the asking price for a house for sale in the area is £341,333.

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 Collingtree. 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.