Bolsover can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bolsover.
On top of this, keep reading for detailed information on the demographics of Bolsover in Derbyshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Bolsover, what are the rental yields?
Are there more or fewer houses being built in Bolsover?
The growth of an area like Bolsover can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bolsover growth rate | 5% | 26% | 38% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Bolsover if you want to find out the exact reasons for the housing change.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Bolsover.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Derbyshire) as well as the broader region; East Midlands.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bolsover | 5.3% | £698 | no relevant data for this city | 23.0% |
| Derbyshire | 3.76% | £772 | 125.53% | 20.69% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
Also, you can compare other data to the table above such as the number of houses sold per month in Bolsover which is 16 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Bolsover is to invest in. Both in terms of rental yield and capital appreciation.
In Bolsover, what are the demographics like?
Is there sufficient green space in Bolsover?
In the city of Bolsover, there are 16.4 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 Bolsover is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How educated are the people in Bolsover?
In the city of Bolsover, 11% 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 Bolsover is £31,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Bolsover, has the population grown or shrunk?
The city of Bolsover has a total population of 26,229. 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 Bolsover 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 Bolsover
Over time, in the last five years, the population of the city of Bolsover 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 Bolsover?
In the last 10 years, there has been a shift in the population of 6%.
Comparing this to the 5 year figure of Bolsover 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.
Bolsover within Derbyshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bolsover will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East Midlands). 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 Bolsover.
What’s the crime rate in Bolsover?
In Bolsover, for every 1000 people, there is currently a crime rate of 118. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (118 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
What salary does the community in Bolsover take home?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (8%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bolsover, this works out to be £31,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is a social grade score and how does this relate to Bolsover?
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 Bolsover in grades A or B which are the highest skilled roles in the country is 8%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £31,300 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 8%.
Are the deprivation levels of the UK any different to Bolsover?
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 Bolsover is 40% 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.
On average, what is the figure for the asking price of a house for sale in Bolsover?
When investors make offers for houses for sale in Bolsover, the average price asked by the homeowners works out to be £157,320.
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 Bolsover 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.
The average asking price for the houses for sale in the city of Bolsover
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £144,082 |
| Average asking price (3 bed) | £155,910 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Bolsover is the right area to buy a house in for you.
In general, what do houses for sale sell for in Bolsover?
As well as looking at the asking price for house for sale in Bolsover, 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 Bolsover.
Houses for sale, are sold on average in Bolsover, after the influence of these factors, at £130,918 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) | £176,849 |
| Aerage sold price (semi-detached) | £120,858 |
| Aerage sold price (terraced) | £88,243 |
| Aerage sold price (flat) | £68,273 |
This table above shows the average sale price for each variation of houses for sale in Bolsover.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,500 |
| Aerage sold price/sqft (new build) | £1,780 |
| Aerage sold price/sqft (old stock) | £1,350 |
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 Bolsover is £1,500.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Who can help you buy a house for sale in Bolsover?
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Bolsover
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
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Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
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Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
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EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
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Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
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Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
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Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Other cities you can consider looking for with houses for sale
Below are a list of towns with a similar location to Bolsover.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Highlane in East Midlands
- Butterley in East Midlands
- Sheffield in East Midlands
- Doncaster in East Midlands
- New-Houghton in East Midlands
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
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