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Whenever looking for a house for sale in the UK or in Wellingborough, 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 Wellingborough.
In this article, we will be looking at the city of Wellingborough in detail so you know how to navigate the area and have a better understanding on where to invest.
What are the people like in Wellingborough?
How much do people in Wellingborough 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 £36,900.00.
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 Wellingborough this figure is 13%.
Wellingborough within Northamptonshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Wellingborough 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 Wellingborough.
In Wellingborough, what is the crime rate?
Within Wellingborough, the number of people committing crimes is 15400% 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 15400% figure carefully.
How much green space is available to residents of Wellingborough?
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 which can be measured against the UK average of 1.7.
What is the social grade score of Wellingborough?
In the city of Wellingborough, the social grade score of the area is 13%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Wellingborough.
| 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 education level of Wellingborough important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 18%. The ability to buy a home is greatly influenced by the number of people who have degrees. £36,900.00 is the amount people in Wellingborough 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 Wellingborough, 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 the city of Wellingborough deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Wellingborough, 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.
In Wellingborough, how has the population changed?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Wellingborough is 49059.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Wellingborough.
In Wellingborough, how has the population changed over the last five years?
In the last five years, over time, the change in population size was no relevant data for this city. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Wellingborough is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (no relevant data for this city) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Wellingborough population difference over 10 years?
The population has adjusted in the area of Wellingborough by no relevant data for this city in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Wellingborough.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Who can help you buy a house for sale in Wellingborough?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
House for sale in a different UK region
You can consult our list below that goes over a list of cities not necessarily in West Midlands, allowing you to find similar places to Wellingborough:
- balmullo in West Midlands
- beddington-corner in West Midlands
- lydiate in West Midlands
- chapmore-end in West Midlands
- blackmore in West Midlands
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
How are rental yields of the houses for sale different to the rest of the UK in Wellingborough?
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 Wellingborough, 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 Northamptonshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Wellingborough | £0 | £783 | £1 | £0 |
| Northamptonshire | 3.73% | £982.61 | 126.92% | 19.22% |
| West Midlands | 0.04 | 876.64 | £1 | 20.00% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Wellingborough you might be interested in the number of sales per month (32) that happen in the local housing market. Comparing this figure for Wellingborough with the above table gives you a good understanding of the profitability of the area.
What is the growth in the housing market of Wellingborough?
Before committing to Wellingborough to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Wellingborough growth rate | 7% | 15% | 29% |
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Wellingborough is building housing to find your answer.
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Wellingborough.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
In general, what do houses for sale sell for 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 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.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
What is the asking price on average of houses for sale in Wellingborough?
On average, in Wellingborough, the asking price for a house for sale in the area is £274,471.
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 Wellingborough. 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.
Average prices for the 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 |
After looking at this table about prices of houses for sale in Wellingborough, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £3,010 will help them to have a more holistic understanding.
F.A.Q.
Do properties in Wellingborough offer renovation potential?
Amidst the urban landscape of Wellingborough, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 14 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (49059).
What is the monthly count of property transactions in Wellingborough?
In the city of Wellingborough, there are 32 and in the total for the UK, there are around 1.1 million property sales.
How does the population in a city like Wellingborough change annually?
To work out how the population of Wellingborough has changed over time, you can look at the population change over a decade which is no relevant data for this city and the change in a five year period two which falls at no relevant data for this city. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
How much are houses for sale priced at in the extended region of Wellingborough?
The current average price per square foot for a house in Wellingborough stands at £3,010, considering the mean cost for each square foot of houses for sale there.
Does opting for a house for sale in Wellingborough come with a hefty price tag?
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 Wellingborough this number is £206,705 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
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