As a landlord, whenever you are looking at houses for sale in Leicestershire, you could find varying prices throughout an area like Castle Donington. 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 Castle Donington 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 Castle Donington will be revealed. Keep reading.
In general, what do houses for sale sell for in Castle Donington?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Castle Donington. In Castle Donington, this sale price works out to be £245,323. As an example, a factor like population growth over the last 10 years which works out to be 12% in Castle Donington and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£301,297|
|Average sold price (semi-detached)||£196,630|
|Average sold price (terraced)||£174,285|
|Average sold price (flat)||£116,918|
Above, the exact type of house is also shown to vary in price in a table in Castle Donington. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,410|
|Average sold price/sqft (new build)||£2,590|
|Average sold price/sqft (old stock)||£2,250|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Castle Donington which is £2,410. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
What are the people like in Castle Donington?
In general, do people commit a lot of crime in Castle Donington?
Within Castle Donington, the number of people committing crimes is 79 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 79 figure carefully.
In Castle Donington, how educated are people in general?
In the city of Castle Donington, 30% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Castle Donington is £47,000. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Is the city of Castle Donington deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Castle Donington is 20%.
What’s a social grade score and how does it relate to Castle Donington?
In the city of Castle Donington, the social grade score of the area is 27%. 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 Castle Donington.
|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|
How much are those living in Castle Donington earning?
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.
£47,000 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 27% for Castle Donington.
In Castle Donington, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Castle Donington if 11,262 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Castle Donington such as rental yield or house appreciation.
How has the population size of Castle Donington adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Castle Donington by 8%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 8% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Castle Donington?
In the last decade, the population of Castle Donington has been adjusted by 12%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In the city of Castle Donington, is there a lot of green space?
Whether you view green space in Castle Donington 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 Castle Donington, the number of acres of green space for every 1000 people currently is 8.0 which can be measured against the UK average of 1.7.
In the city of Castle Donington, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Leicestershire for example.
These demographics for Castle Donington may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Castle Donington in East Midlands.
What are the asking prices for the houses for sale in the city of Castle Donington?
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 Castle Donington 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 £335,133.
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 Castle Donington.
Average price of houses for sale in Castle Donington
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£203,577|
|Average asking price (3 bed)||£294,423|
|Average asking price (4 bed)||£409,082|
|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 Castle Donington is the right area to buy a house in for you.
Always consider average rental yield when searching for houses for sale in Castle Donington
Is the housing market in Castle Donington growing?
Whenever you are thinking about looking for houses for sale in Castle Donington, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Castle Donington growth rate||-1%||25%||29%|
As the population of Castle Donington grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Castle Donington, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as Leicestershire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Castle Donington||3.6%||£1,012||no relevant data for this city||12.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Castle Donington you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Castle Donington with the above table gives you a good understanding of the profitability of the area.