How much does a house for sale cost in Coundon?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Coundon?

Whenever looking for a house for sale in the UK or in Coundon, it is vital you look at the market trends and house price fluctuations in the wider area of West Midlands 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 Coundon.

In this article, we will be looking at the city of Coundon in detail so you know how to navigate the area and have a better understanding on where to invest.

What is the final sale price of a house in Coundon?

For the city of Coundon, the average price a house sells for is £178,358. This value usually depends on the exact location of the house within Coundon as well as other factors like the population growth in Coundon which is 21% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £261,070
Aerage sold price (semi-detached) £181,703
Aerage sold price (terraced) £160,423
Aerage sold price (flat) £117,790

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 Coundon.

Housing category Sale price per square foot
Aerage sold price/sqft £2,150
Aerage sold price/sqft (new build) £2,380
Aerage sold price/sqft (old stock) £2,010

Generalising the bottom table, the average value per square foot of a house for sale is £2,330. This value averages all of the types of houses for sale in Coundon. 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 Coundon.

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

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Coundon this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (West Midlands) alongside West Midlands then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Coundon.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Coundon 4.6% £842 140% 30.0%
West Midlands 4.34% £919 123.12% 22.46%
West Midlands 3.89% £877 119.29% 20.00%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Coundon.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (62) will be useful.

Are there new houses being built in Coundon to make it grow?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Coundon at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Coundon growth rate 5% 12% 28%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Coundon gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Coundon.

Are there any important statistics about the population of Coundon?

In Coundon, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Coundon in grades A or B which are the highest skilled roles in the country is 12%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £36,700 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 12%.

Coundon in the county of West Midlands is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Coundon is located in; West Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Coundon, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

Are the deprivation levels of the UK any different to Coundon?

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 Coundon is 33% 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.

What’s the crime rate in Coundon?

For the city of Coundon, crime rate is at 130. So for every 1000 people in the area, 130 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 Coundon, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Coundon if 86,314 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Coundon such as rental yield or house appreciation.

How has the population size of Coundon adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Coundon by 10%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 10% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Coundon?

In the last decade, the population of Coundon has been adjusted by 21%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

In the city of Coundon, is there a lot of 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 Coundon, 6.5 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 Coundon.

How educated are the people in Coundon?

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. £36,700 is the amount people in Coundon 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 Coundon, 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 salary does the community in Coundon 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.

£36,700 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 12% for Coundon.

What is the asking price on average of houses for sale in Coundon?

The average asking price for the houses for sale in the city of Coundon

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £175,396
Average asking price (3 bed) £229,780
Average asking price (4 bed) £320,161
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Coundon, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £2,510 will help them to have a more wholistic understanding.

When investors make offers for houses for sale in Coundon, the average price asked by the homeowners works out to be £220,220.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Coundon is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.