Whenever looking for a house for sale in the UK or in Kettering, it is vital you look at the market trends and house price fluctuations in the wider area of Northamptonshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Kettering.
In this article, we will be looking at the city of Kettering in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Kettering for a house for sale
Average asking prices for houses for sale in Kettering
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £173,675 |
| Average asking price (3 bed) | £248,935 |
| Average asking price (4 bed) | £339,120 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Kettering, 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.
When speaking about the city of Kettering, £220,812 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 Kettering.
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.
Are there any important statistics about the population of Kettering?
What salary does the community in Kettering take home?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£36,400 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 15% for Kettering.
Do the people of Kettering get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Kettering currently has 6.3 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Kettering in this case.
How educated are the people in Kettering?
Interestingly, the percentage of people who have a degree in the city of Kettering is 19%. 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 Kettering is £36,400.
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 Kettering, what are the deprivation levels like?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 27% for Kettering should give you a nice idea of the deprivation in the area.
What’s the crime rate in Kettering?
Within Kettering, the number of people committing crimes is 183 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 183 figure carefully.
What is the social grade score of Kettering?
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 Kettering 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 Kettering, 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 |
What is the population of Kettering?
The city of Kettering has a total population of 29,722. 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 Kettering 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 Kettering
Over time, in the last five years, the population of the city of Kettering 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 Kettering?
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 Kettering 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.
Kettering in the county of Northamptonshire 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 Kettering 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 Kettering, 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.
In general, for the city of Kettering, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Kettering, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Kettering.
Houses for sale, are sold on average in Kettering, after the influence of these factors, at £174,146 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was no relevant data for this city over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £286,682 |
| Aerage sold price (semi-detached) | £189,024 |
| Aerage sold price (terraced) | £149,104 |
| Aerage sold price (flat) | £103,923 |
This table above shows the average sale price for each variation of houses for sale in Kettering.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,980 |
| Aerage sold price/sqft (new build) | £2,510 |
| Aerage sold price/sqft (old stock) | £1,870 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Kettering is £1,980.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Always consider average rental yield when searching for houses for sale in Kettering
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 Kettering. 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 Kettering.
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 (Northamptonshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Kettering.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Kettering | 4.2% | £767 | 140% | 30.0% |
| Northamptonshire | 3.73% | £983 | 126.92% | 19.22% |
| 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 Kettering experiences. This figure for house sales per month is 32. 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 is the growth in the housing market of Kettering?
The growth of an area like Kettering 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 | |
|---|---|---|---|
| Kettering growth rate | 2% | 17% | 34% |
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 Kettering if you want to find out the exact reasons for the housing change.
Professional advice for houses for sale in Kettering
A house for sale that is right for you
When browsing houses for sale in Kettering you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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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.
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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.
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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
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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.
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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
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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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.
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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.
houses for sale in other cities in the UK
Examine this short list of cities belonging to West Midlands, the same region where Kettering is located.
- Chatcull in West Midlands
- Acton-Trussell in West Midlands
- Bagnall in West Midlands
- Coundon in West Midlands
- Beamhurst in West Midlands
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
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
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