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 Madeley, Shropshire.
From the average asking price of houses for sale in Madeley, to the growth of the population in the area, all will be talked about regarding the city of Madeley. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Get professional help on the houses for sale in Madeley
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.
In general, for the city of Madeley, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Madeley, 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 Madeley.
Houses for sale, are sold on average in Madeley, after the influence of these factors, at £127,927 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 10% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£237,938|
|Aerage sold price (semi-detached)||£137,556|
|Aerage sold price (terraced)||£97,574|
|Aerage sold price (flat)||£69,568|
This table above shows the average sale price for each variation of houses for sale in Madeley.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,500|
|Aerage sold price/sqft (new build)||£1,670|
|Aerage sold price/sqft (old stock)||£1,450|
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 Madeley is £1,500.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
How are rental yields of the houses for sale different to the rest of the UK in Madeley?
What is the growth in the housing market of Madeley?
Whenever you are thinking about looking for houses for sale in Madeley, 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|
|Madeley growth rate||14%||30%||29%|
As the population of Madeley 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.
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 Madeley, 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 Shropshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Madeley||£0||£668||no relevant data for this city||£0|
Assuming that in the future you want to re-sell the house you will eventually purchased in Madeley you might be interested in the number of sales per month (9) that happen in the local housing market. Comparing this figure for Madeley with the above table gives you a good understanding of the profitability of the area.
On average, what is the figure for the asking price of a house for sale in Madeley?
On average, in Madeley, the asking price for a house for sale in the area is £152,293.
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 Madeley. 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 Madeley
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£149,488|
|Average asking price (3 bed)||£143,073|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Madeley has a lack of supply of housing in certain categories.
Other cities in different locations you can consider to buy property
If you are looking for a list of cities that are different to the City of Madeley and in different UK region to West Midlands. You might want to consider these as alternatives for your next real estate investment:
- brenkley in West Midlands
- bothal in West Midlands
- abergynolwyn in West Midlands
- chapmore-end in West Midlands
- cross-inn in West Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
What kind of demographics does the city of Madeley have?
How much do people in Madeley earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Madeley. Compare the area’s average household income of £34,700.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 10% for more conclusive data on the affluence of the area.
How educated are the people in Madeley?
The number of people as a percentage who have been through university and gained a degree is 15%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,700.00 is the amount people in Madeley 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 Madeley, 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.
What does the population of Madeley look like?
The city of Madeley has a total population of 17769. 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 Madeley 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 Madeley
Over time, in the last five years, the population of the city of Madeley has changed by 6%. 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 6% 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 Madeley?
In the last 10 years, there has been a shift in the population of 10%.
Comparing this to the 5 year figure of Madeley 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.
What is a social grade score and how does this relate to Madeley?
In the city of Madeley and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Madeley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 10%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
Is the crime rate bad in the city of Madeley?
In Madeley, for every 1000 people, there is currently a crime rate of 20100%. 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 (20100% 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.
Is there sufficient green space in Madeley?
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 Madeley, 13 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 Madeley.
Is the city of Madeley deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Madeley, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
The city of Madeley, situated in Shropshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Madeley 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 Madeley. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Choose the right house for sale that suits your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Madeley.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
Do properties in Madeley offer renovation potential?
Properties in the city of Madeley may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 3 approvals every month with an approval of nan based on a population of 17769. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Madeley?
In the city of Madeley, there are 9 and in the total for the UK, there are around 1.1 million property sales.
How does the population in a city like Madeley change annually?
When evaluating the population trajectory of Madeley, explore the decade-spanning population shift of 10% and the five-year modification of population of 6%. By drawing comparisons, see if demographic changes in your chosen area is
In the larger vicinity of Madeley, what is the cost of houses available for sale?
The average cost per square foot for a house in Madeley is presently £0.
Would acquiring a house for sale in Madeley be regarded as a high-priced option?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Madeley this number is £127,927 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house