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All you need to know – houses for sale in East Renfrewshire

by | Nov 15, 2022

Home $ House for sale in the UK $ All you need to know – houses for sale in East Renfrewshire

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in East Renfrewshire, East Renfrewshire.

From the average asking price of houses for sale in East Renfrewshire, to the growth of the population in the area, all will be talked about regarding the city of East Renfrewshire. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Choose the right house for sale that suits your needs

What parameters impact the final price of a house for sale in East Renfrewshire?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

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

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of East Renfrewshire is £276,677.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of East Renfrewshire is useful when negotiating and knowing what to expect for every type of house for sale.

Average price of houses for sale in East Renfrewshire

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £184,907
Average asking price (3 bed) £280,176
Average asking price (4 bed) £436,489
Average asking price (5 bed) £635,165

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 £0. 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 East Renfrewshire has a lack of supply of housing in certain categories.

Always consider average rental yield when searching for houses for sale in East Renfrewshire

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 East Renfrewshire, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Scotland. As well as East Renfrewshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
East Renfrewshire no relevant data for this city no relevant data for this city no relevant data for this city £1
East Renfrewshire no relevant data for this city no relevant data for this city no relevant data for this city 97.83%
Scotland 0.05 871.42 £1 59.40%

Assuming that in the future you want to re-sell the house you will eventually purchased in East Renfrewshire you might be interested in the number of sales per month (no relevant data for this city) that happen in the local housing market. Comparing this figure for East Renfrewshire with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in East Renfrewshire 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 East Renfrewshire at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
East Renfrewshire growth rate -3% 13% no relevant data for this city

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 East Renfrewshire 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 East Renfrewshire.

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 Scotland, allowing you to find similar places to East Renfrewshire:

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

Get professional help on the houses for sale in East Renfrewshire

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

In East Renfrewshire, what are the demographics like?

What is the education level like in East Renfrewshire?

The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. The ability to buy a home is greatly influenced by the number of people who have degrees. no relevant data for this city is the amount people in East Renfrewshire 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 East Renfrewshire, 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.

Do the people of East Renfrewshire get to enjoy green space?

Whether you view green space in East Renfrewshire 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 East Renfrewshire, the number of acres of green space for every 1000 people currently is 46 which can be measured against the UK average of 1.7.

Located in East Renfrewshire is the city of East Renfrewshire, in a large part of the UK; Scotland. 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 East Renfrewshire 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 East Renfrewshire 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 East Renfrewshire, how has the population changed?

The city of East Renfrewshire has a total population of 72140. 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 East Renfrewshire 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 East Renfrewshire

Over time, in the last five years, the population of the city of East Renfrewshire has changed by 3%. 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 3% 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 East Renfrewshire?

In the last 10 years, there has been a shift in the population of 6%.

Comparing this to the 5 year figure of East Renfrewshire 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.

What is the city of East Renfrewshire’s social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does East Renfrewshire compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In East Renfrewshire, the percentage of people who work in the two highest skilled categories of this scale (A and B) is no relevant data for this city.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Are the people in East Renfrewshire earning a lot?

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 no relevant data for this city.

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 East Renfrewshire this figure is no relevant data for this city.

How deprived is the population of East Renfrewshire?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of no relevant data for this city for East Renfrewshire should give you a nice idea of the deprivation in the area.

Is the crime rate bad in the city of East Renfrewshire?

Within East Renfrewshire, the number of people committing crimes is no relevant data for this city 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 no relevant data for this city figure carefully.

What is the final sale price of a house in East Renfrewshire?

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

Houses for sale, are sold on average in East Renfrewshire, after the influence of these factors, at £256,360 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 6% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £410,975
Aerage sold price (semi-detached) £261,099
Aerage sold price (terraced) £198,700
Aerage sold price (flat) £151,057

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

Housing category Sale price per square foot
Aerage sold price/sqft £2,620
Aerage sold price/sqft (new build) £2,477
Aerage sold price/sqft (old stock) £2,553

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 East Renfrewshire is £2,620.

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

FAQ

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

Every single month in East Renfrewshire, there are no relevant data for this city planning applications, of which nan result in a success. Look at this in terms of the population size of 72140 to work out if you think you’d have good planning success if you were to renovate.

On a monthly basis, how many property transactions take place in East Renfrewshire?

In the city of East Renfrewshire, there are no relevant data for this city and in the total for the UK, there are around 1.1 million property sales.

In a city like East Renfrewshire, what’s the yearly fluctuation in population?

To work out how the population of East Renfrewshire has changed over time, you can look at the population change over a decade which is 6% and the change in a five year period two which falls at 3%. 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 East Renfrewshire?

The average asking price of a house in East Renfrewshire is currently £0 based on the average price per square foot.

Is purchasing a house in East Renfrewshire considered a costly decision?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In East Renfrewshire, this value is £256,360, compared to the UK’s average of £286,500.

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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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