East Renfrewshire 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 East Renfrewshire.
Before looking for a house for sale in the city of East Renfrewshire 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 East Renfrewshire.
In East Renfrewshire, what are the rental yields?
Is the housing market in East Renfrewshire growing?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for East Renfrewshire that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| East Renfrewshire growth rate | -3% | 13% | no relevant data for this city |
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in East Renfrewshire is important.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in East Renfrewshire. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in East Renfrewshire.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (East Renfrewshire), a regional level (Scotland) and finally on the level of the city talked about in this article, East Renfrewshire.
| 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 | 64.7% |
| East Renfrewshire | no relevant data for this city | no relevant data for this city | no relevant data for this city | 97.83% |
| Scotland | 5.48% | £871 | 125.36% | 59.40% |
You may also find it useful to compare the data above to the number of properties sold per month East Renfrewshire experiences. This figure for house sales per month is 99. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
In general, what do houses for sale sell for in East Renfrewshire?
For the city of East Renfrewshire, the average price a house sells for is £256,360. This value usually depends on the exact location of the house within East Renfrewshire as well as other factors like the population growth which is 6% over a ten-year period.
| 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 |
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 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 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,620. This value averages all of the types of houses for sale in East Renfrewshire. 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 East Renfrewshire.
Who can help you buy a house for sale in East Renfrewshire?
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
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in East Renfrewshire?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like East Renfrewshire, examine this short list of cities below from outside of the region of Scotland for some inspiration.
- Ancroft in Scotland
- Falkirk in Scotland
- Berryhillock in Scotland
- Grangemouth in Scotland
- Arborfield in Scotland
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.
What are the people like in East Renfrewshire?
Is the crime rate bad in the city of East Renfrewshire?
For every one thousand people living in East Renfrewshire, no relevant data for this city 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 no relevant data for this city 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.
In East Renfrewshire, how has the population changed?
The city of East Renfrewshire has a total population of 72,140. 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.
In East Renfrewshire, how educated are people in general?
In the city of East Renfrewshire, no relevant data for this city people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in East Renfrewshire is no relevant data for this city.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In East Renfrewshire, what are the deprivation levels like?
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 East Renfrewshire is no relevant data for this city 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 East Renfrewshire, what is the 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 |
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.
How much do people in East Renfrewshire earn?
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.
no relevant data for this city 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 no relevant data for this city for East Renfrewshire.
In the city of East Renfrewshire, how much green space remains for residents?
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 East Renfrewshire, 46.3 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 East Renfrewshire.
On average, what is the figure for the asking price of a house for sale in East Renfrewshire?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in East Renfrewshire determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £276,677.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in East Renfrewshire.
Average prices for the 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 |
After looking at this table about prices of houses for sale in East Renfrewshire, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £0 will help them to have a more holistic understanding.
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