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Bolsover – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ Bolsover – What to look for in houses for sale?

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As a landlord, whenever you are looking at houses for sale in Derbyshire, you could find varying prices throughout an area like Bolsover. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Bolsover to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Bolsover will be revealed. Keep reading.

A house for sale that is right for you

When browsing houses for sale in Bolsover you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

Always consider average rental yield when searching for houses for sale in Bolsover

In Bolsover, how has the number of houses changed?

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

1 year 3 years 5 years
Bolsover growth rate 5% 26% 38%

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 Bolsover 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 Bolsover.

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 Bolsover this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Derbyshire 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 Bolsover.

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)
Bolsover £0 £698 no relevant data for this city £0
Derbyshire 3.76% £771.81 125.53% 20.69%
East Midlands 0.04 774.81 £1 19.44%

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 Bolsover.

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 (13) will be useful.

Other cities in different locations you can consider to buy property

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

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

In Bolsover, what do houses for sale tend to sell for?

In Bolsover, houses for sale are sold at an average of £130,918. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bolsover. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Bolsover, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Bolsover, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bolsover is £1,500.

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

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bolsover and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

On average, in Bolsover, the asking price for a house for sale in the area is £157,320.

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 Bolsover. 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.

Are there any important statistics about the population of Bolsover?

In the city of Bolsover, how much green space remains for residents?

In the city of Bolsover, there are 16 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.

In Bolsover, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 11%. The ability to buy a home is greatly influenced by the number of people who have degrees. £31,300.00 is the amount people in Bolsover 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 Bolsover, 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.

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

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bolsover, in particular, the deprivation levels are £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the population of Bolsover?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Bolsover is 26229.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Bolsover.

In Bolsover, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Bolsover is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (3%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Bolsover population difference over 10 years?

The population has adjusted in the area of Bolsover by 6% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Bolsover.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

The city of Bolsover, situated in Derbyshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Bolsover and its demographics will be compared to its wider location (East Midlands). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Bolsover. So, taking a good look at the data is essential to understand the area you are considering to buy in.

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

In the city of Bolsover, the social grade score of the area is 8%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Bolsover.

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

What’s crime like in Bolsover?

In Bolsover, for every 1000 people, there is currently a crime rate of 11800%. 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 (11800% 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.

How much do people in Bolsover earn?

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 Bolsover. Compare the area’s average household income of £31,300.00 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 8% for more conclusive data on the affluence of the area.

Professional advice for houses for sale in Bolsover

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

F.A.Q.

Do properties in Bolsover offer renovation potential?

Amidst the urban landscape of Bolsover, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 7 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (26229).

What is the monthly count of property transactions in Bolsover?

13 property transactions are reported in Bolsover each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

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

Calculating the evolution of Bolsover’s population requires an examination of the population transformation over a decade, amounting to 6%, and the five-year adjustment at 3%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

What is the asking price for houses for sale in the wider region of Bolsover?

Currently, the mean asking price of a house in Bolsover is £0, calculated using the average value per square foot

Is a house for sale in Bolsover an expensive choice?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Bolsover this number is £130,918 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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