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How much will you pay for a house for sale in Cowley?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Cowley?

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Cowley 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 Oxfordshire.
Before looking for a house for sale in the city of Cowley 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 Cowley.

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Cowley.
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.

Thinking of a different city and perhaps a different location?

You can consult our list below that goes over a list of cities not necessarily in South East, allowing you to find similar places to Cowley:

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

What are the demographics like in the city of Cowley?

How much are those living in Cowley earning?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Cowley. Compare the area’s average household income of £44,250.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 24% for more conclusive data on the affluence of the area.

In Cowley, how has the population changed?

The city of Cowley has a total population of 117148. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Cowley is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Cowley

Over time, in the last five years, the population of the city of Cowley has changed by 2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Cowley?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Cowley can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Located in Oxfordshire is the city of Cowley, in a large part of the UK; South East. 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 Cowley 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 Cowley 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.

What is the city of Cowley’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Cowley, the percentage of people in the two highest categories, A and B is 24%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £44,250.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (24%).

What’s the crime rate in Cowley?

The crime rate of Cowley must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 12250%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (12250%) is both useful and is recommended to be compared to the average.

Is the education level of Cowley important when buying a house?

In Cowley, the proportion of people who have a degree is 31%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Cowley is £44,250.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

In the city of Cowley, is there a lot of green space?

Whether you view green space in Cowley 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 Cowley, the number of acres of green space for every 1000 people currently is 10 which can be measured against the UK average of 1.7.

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

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Cowley, 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.

Asking price in Cowley for a house for sale

On average, in Cowley, the asking price for a house for sale in the area is £370,457.

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 Cowley. 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.

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

Average asking price (1 bed) £190,593
Average asking price (2 bed) £295,128
Average asking price (3 bed) £389,049
Average asking price (4 bed) £529,374
Average asking price (5 bed) £659,500

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Cowley is £2,545. This should show you the general prices overall and for individual types of houses too.

Invest in houses for sale in Cowley with the right professional advice

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

What’s the rental yield in general for the city of Cowley?

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 Cowley this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Oxfordshire 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 Cowley.

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)
Cowley £0 £1,508 £1 £0
Oxfordshire 3.64% £1,404.29 124.23% 15.46%
South East 0.04 1,300.68 £1 16.69%

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 Cowley.

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 (37) will be useful.

Are there more or fewer houses being built in Cowley?

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 Cowley at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Cowley growth rate 3% 12% 18%

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 Cowley 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 Cowley.

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

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

Houses for sale, are sold on average in Cowley, after the influence of these factors, at £306,678 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 9% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £461,589
Aerage sold price (semi-detached) £321,090
Aerage sold price (terraced) £300,375
Aerage sold price (flat) £205,591

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

Housing category Sale price per square foot
Aerage sold price/sqft £3,600
Aerage sold price/sqft (new build) £3,295
Aerage sold price/sqft (old stock) £3,560

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 Cowley is £3,805.

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

Frequently Asked Questions

If you are a landlord, should you renovate a property in the city of Cowley?

Properties in the city of Cowley may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 16 approvals every month with an approval of 82% based on a population of 117148. Compare other places in the UK to make this figure make more sense.

How many property sales occur per month in Cowley?

In the city of Cowley, there are 37 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Cowley?

When evaluating the population trajectory of Cowley, explore the decade-spanning population shift of 9% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is

In the larger vicinity of Cowley, what is the cost of houses available for sale?

In Cowley, the mean asking price per square foot for a house is currently £2,545, based on the average value per square foot

Would acquiring a house for sale in Cowley be regarded as a high-priced option?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Cowley, this figure stands at £306,678, while the UK average is £286,500.

Find an estate agent where you’re looking to buy in Cowley

When buying, having the right expertise when navigating Cowley and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Contact number Address of agent Email
Underhill Estate Agents 441392976734 109 Cowick Street, Exeter, EX4 1JE Phone number only
McKinley White 441392976003 14b Sylvan Road, Exeter, EX4 6EW Phone number only
Fraser & Wheeler 4407738267894 19 QUEEN ST nan
Capron Gould nan 14B LOWER NORTH ST Matthew Gould (matt@caprongould.com);Lindsay Tabberer-Stewart (lettings@caprongould.com)
Regional REIT Limited Group Plc 442078456100 MONT CREVELT HOUSE, BULWER AVE Adam Dickinson (jjohnson@regionalreit.com)

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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