As a landlord, whenever you are looking at houses for sale in South Yorkshire, you could find varying prices throughout an area like Fir Vale. 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 Fir Vale 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 Fir Vale will be revealed. Keep reading.
Asking price in Fir Vale for a house for sale
The average asking price for the houses for sale in the city of Fir Vale
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£118,663|
|Average asking price (3 bed)||£152,096|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Fir Vale is £0. This should show you the general prices overall and for individual types of houses too.
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 Fir Vale is £138,356.
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 Fir Vale is useful when negotiating and knowing what to expect for every type of house for sale.
What’s the rental yield in general for the city of Fir Vale?
Is the housing market in Fir Vale growing?
The growth of an area like Fir Vale 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|
|Fir Vale growth rate||6%||21%||30%|
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 Fir Vale if you want to find out the exact reasons for the housing change.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Fir Vale to South Yorkshire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Fir Vale||6.0%||£692||no relevant data for this city||42.0%|
Let’s assume you want to sell the house you’re looking to buy in Fir Vale for profit in the future, in this case, looking at the data for the number of houses sold per month in Fir Vale would give you an idea of whether the area is actively getting new investors. This figure is 26.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Fir Vale. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
What are the demographics like in the city of Fir Vale?
Fir Vale in the county of South Yorkshire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Fir Vale is located in; East Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Fir Vale, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
How educated are the people in Fir Vale?
In the city of Fir Vale, 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 Fir Vale is £32,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Fir Vale?
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 Fir Vale 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 Fir Vale, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 6%.
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|
What’s the crime rate in Fir Vale?
Within Fir Vale, the number of people committing crimes is 156 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 156 figure carefully.
How much do people in Fir Vale 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 Fir Vale. Compare the area’s average household income of £32,600 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 6% for more conclusive data on the affluence of the area.
In the city of Fir Vale, is there a lot of green space?
In the city of Fir Vale, there are 8.7 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 Fir Vale is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Fir Vale, what are the deprivation levels like?
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 Fir Vale, in particular, the deprivation levels are 42%.
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 Fir Vale?
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 Fir Vale is 60,467.
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 Fir Vale.
In Fir Vale, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. 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 Fir Vale 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 (4%) 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.
Fir Vale population difference over 10 years?
The population has adjusted in the area of Fir Vale by 8% 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 Fir Vale.
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.
In general, what do houses for sale sell for in Fir Vale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Fir Vale. In Fir Vale, this sale price works out to be £115,093. As an example, a factor like population growth over the last 10 years which works out to be 8% in Fir Vale and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£165,335|
|Average sold price (semi-detached)||£116,211|
|Average sold price (terraced)||£94,342|
|Average sold price (flat)||£70,197|
Above, the exact type of house is also shown to vary in price in a table in Fir Vale. 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||£1,450|
|Average sold price/sqft (new build)||£1,700|
|Average sold price/sqft (old stock)||£1,320|
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 Fir Vale which is £1,450. 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.
Get professional help on the houses for sale in Fir Vale
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Fir Vale.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)
A guide from the UK government
- House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
- Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
- Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
- Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
- Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
- Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
- Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Fir Vale.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Barnetby-Le-Wold in East Midlands
- Barton-In-Fabis in East Midlands
- Bolsover in East Midlands
- Fir-Vale in East Midlands
- Heanor 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.
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