How much does a house for sale cost in Wigan?

As a landlord, whenever you are looking at houses for sale in Greater Manchester, you could find varying prices throughout an area like Wigan. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Wigan to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Wigan will be revealed. Keep reading.

What are the demographics like in the city of Wigan?

How much green space is available to residents of Wigan?

In the city of Wigan, there are 19 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Wigan is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Is the city of Wigan deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Wigan, 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 Wigan, what is the social grade score?

In the city of Wigan 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 Wigan has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.

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)

What’s the crime rate in Wigan?

For the city of Wigan, crime rate is at 400%. So for every 1000 people in the area, 400% 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.

What salary does the community in Wigan 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.

£36,075.00 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 Wigan.

How educated are the people in Wigan?

Interestingly, the percentage of people who have a degree in the city of Wigan 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 Wigan is £36,075.00.

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.

Wigan within Greater Manchester is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Wigan will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). 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 Wigan.

What is the population of Wigan?

Population growth in Wigan 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 Wigan, 150252 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 Wigan 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 Wigan, this change has been 3%. Read more here to know more on the UK population trends.

Over the last decade, how has the population differed in Wigan?

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 5% in Wigan.

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.

Asking price in Wigan for a house for sale

Average price of houses for sale in Wigan

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 £505. 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 Wigan has a lack of supply of housing in certain categories.

On average, in Wigan, the asking price for a house for sale in the area is £175,590.

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 Wigan. 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.

In general, what do houses for sale sell for in Wigan?

As well as looking at the asking price for house for sale in Wigan, 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 Wigan.

Houses for sale, are sold on average in Wigan, after the influence of these factors, at £143,585 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 5% over the last 10 years.

This table above shows the average sale price for each variation of houses for sale in Wigan.

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 Wigan is £1,703.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Wigan.
Here below are the most important ones according to Lofti’s expertise:

• Affordability – (see what house for sale can you afford?)A guide from the UK government
• 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.
• 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
• 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
• 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.
• 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
• 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
• 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.

House for sale in a different UK region

You can consult our list below that goes over a list of cities not necessarily in North West, allowing you to find similar places to Wigan:

• cawsand in North West
• newton in North West
• notting-hill in North West
• cliff-end in North West
• twycross in North West

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

Advice from experts on properties for sale in Wigan

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

• Lender – This practitioner can lend you money to finalise a house purchase
• Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
• Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
• Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
• Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
• Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

How are rental yields of the houses for sale different to the rest of the UK in Wigan?

In Wigan, how has the number of houses changed?

Before committing to Wigan 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.

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 Wigan is building housing to find your answer.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Wigan, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).