Wellingborough 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 Wellingborough 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 Wellingborough.
On average, what is the figure for the asking price of a house for sale in Wellingborough?
When speaking about the city of Wellingborough, £274,471 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 Wellingborough.
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.
Table showing the asking prices for houses for sale in Wellingborough
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£201,796|
|Average asking price (3 bed)||£269,678|
|Average asking price (4 bed)||£381,373|
|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 Wellingborough is £3,010. This should show you the general prices overall and for individual types of houses too.
What is the final sale price of a house in Wellingborough?
For the city of Wellingborough, the average price a house sells for is £206,705. This value usually depends on the exact location of the house within Wellingborough as well as other factors like the population growth in Wellingborough which is no relevant data for this city over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£285,559|
|Aerage sold price (semi-detached)||£197,282|
|Aerage sold price (terraced)||£162,686|
|Aerage sold price (flat)||£127,751|
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 Wellingborough.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,280|
|Aerage sold price/sqft (new build)||£2,580|
|Aerage sold price/sqft (old stock)||£2,140|
Generalising the bottom table, the average value per square foot of a house for sale is £2,650. This value averages all of the types of houses for sale in Wellingborough. 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 Wellingborough.
Always consider average rental yield when searching for houses for sale in Wellingborough
In Wellingborough, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Wellingborough, 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|
|Wellingborough growth rate||7%||15%||29%|
As the population of Wellingborough 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.
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 Wellingborough to Northamptonshire and the broader suburb of the UK; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Wellingborough for profit in the future, in this case, looking at the data for the number of houses sold per month in Wellingborough would give you an idea of whether the area is actively getting new investors. This figure is 41.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Wellingborough. 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 Wellingborough, what are the demographics like?
What is the education level like in Wellingborough?
In the city of Wellingborough, 18% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Wellingborough is £36,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
The city of Wellingborough, 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 Wellingborough 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 Wellingborough. 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 Wellingborough earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (13%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Wellingborough, this works out to be £36,900. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the city of Wellingborough’s social grade score?
In the city of Wellingborough 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 Wellingborough has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.
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|
Are the deprivation levels of the UK any different to Wellingborough?
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 Wellingborough is 28% 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.
Is the crime rate bad in the city of Wellingborough?
For the city of Wellingborough, crime rate is at 154. So for every 1000 people in the area, 154 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.
In the city of Wellingborough, how much green space remains for residents?
Whether you view green space in Wellingborough 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 Wellingborough, the number of acres of green space for every 1000 people currently is 12.0 which can be measured against the UK average of 1.7.
In the city of Wellingborough, has the population grown or shrunk?
In total, the number of people in Wellingborough is 49,059. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Wellingborough, depending on where exactly you are.
How has Wellingborough changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Wellingborough has changed by no relevant data for this city. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if no relevant data for this city is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Wellingborough?
no relevant data for this city has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Wellingborough have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.