Willenhall 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 West Midlands.
Before looking for a house for sale in the city of Willenhall 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 Willenhall.
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Willenhall
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.
Advice from experts on properties for sale in Willenhall
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
What is the asking price on average of houses for sale in Willenhall?
On average, in Willenhall, the asking price for a house for sale in the area is £192,846.
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 Willenhall. 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.
Table showing the asking prices for houses for sale in Willenhall
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£127,366|
|Average asking price (3 bed)||£211,762|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Willenhall 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
Thinking of a different city and perhaps a different location?
If you are looking for similar places to buy a house that are just like Willenhall, examine this short list of cities below from outside of the region of West Midlands for some inspiration.
- bricket-wood in West Midlands
- clase in West Midlands
- acton in West Midlands
- dukinfield in West Midlands
- abbey-st-bathans in West Midlands
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
In Willenhall, what do houses for sale tend to sell for?
For the city of Willenhall, the average price a house sells for is £145,303. This value usually depends on the exact location of the house within Willenhall as well as other factors like the population growth which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£204,331|
|Aerage sold price (semi-detached)||£143,666|
|Aerage sold price (terraced)||£119,033|
|Aerage sold price (flat)||£75,291|
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 Willenhall.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,750|
|Aerage sold price/sqft (new build)||£1,950|
|Aerage sold price/sqft (old stock)||£1,640|
Generalising the bottom table, the average value per square foot of a house for sale is £1,750. This value averages all of the types of houses for sale in Willenhall. 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 Willenhall.
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.
Why you should consider the average rental yield when searching for houses for sale in Willenhall
Is the housing market in Willenhall growing?
Whenever you are thinking about looking for houses for sale in Willenhall, 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|
|Willenhall growth rate||9%||32%||41%|
As the population of Willenhall 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.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Willenhall.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (West Midlands) as well as the broader region; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Willenhall||£0||£702||no relevant data for this city||£0|
Also, you can compare other data to the table above such as the number of houses sold per month in Willenhall which is 11 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Willenhall is to invest in. Both in terms of rental yield and capital appreciation.
What kind of demographics does the city of Willenhall have?
Located in West Midlands is the city of Willenhall, in a large part of the UK; West Midlands. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Willenhall has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Willenhall which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In Willenhall, what is the crime rate?
For every one thousand people living in Willenhall, 17000% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 17000% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
What is the city of Willenhall’s social grade score?
In the city of Willenhall, the social grade score of the area is 10%. 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 Willenhall.
|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 Willenhall?
Population growth in Willenhall is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Willenhall, 20899 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Willenhall in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Willenhall, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Willenhall?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 7% in Willenhall.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Do the people of Willenhall get to enjoy green space?
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 Willenhall, 5 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 Willenhall.
Are the people of Willenhall deprived?
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 Willenhall is £0 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.
In Willenhall, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Willenhall is 13%. 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 Willenhall is £34,600.00.
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.
How much are those living in Willenhall earning?
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 £34,600.00.
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 Willenhall this figure is 10%.
Are there opportunities for property renovation in Willenhall?
Properties in the city of Willenhall may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 4 approvals every month with an approval of nan based on a population of 20899. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Willenhall?
In the city of Willenhall, there are 11 and in the total for the UK, there are around 1.1 million property sales.
What’s the annual population shift in a city such as Willenhall?
For a comprehensive analysis of Willenhall’s population trends, observe the population fluctuation over a decade, indicated by 7%, and the five-year alteration represented by 4%. Perhaps also look at data from another nearby city too so you can see a comparison.
What are the asking rates for houses for sale in the surrounding area of Willenhall?
In Willenhall, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Would acquiring a house for sale in Willenhall be regarded as a high-priced option?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Willenhall, this value is £145,303, compared to the UK’s average of £286,500.