Killamarsh 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 Derbyshire.
Before looking for a house for sale in the city of Killamarsh 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 Killamarsh.
In Killamarsh, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Killamarsh, the average price asked by the homeowners works out to be £245,227.
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 Killamarsh 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.
Table showing the asking prices for houses for sale in Killamarsh
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £149,208 |
| Average asking price (3 bed) | £204,643 |
| Average asking price (4 bed) | £350,435 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Killamarsh, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
Why you should consider the average rental yield when searching for houses for sale in Killamarsh
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 Killamarsh, 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 Derbyshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Killamarsh | no relevant data for this city | no relevant data for this city | no relevant data for this city | 19.0% |
| Derbyshire | 3.76% | £772 | 125.53% | 20.69% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Killamarsh you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Killamarsh with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Killamarsh growing?
Whenever you are thinking about looking for houses for sale in Killamarsh, 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 | |
|---|---|---|---|
| Killamarsh growth rate | -4% | 7% | 17% |
As the population of Killamarsh 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.
What are the people like in Killamarsh?
What salary does the community in Killamarsh take home?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Killamarsh, the average income is £37,400. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 15% to decide on what the demographics are like in the area.
Located in Derbyshire is the city of Killamarsh, in a large part of the UK; East Midlands. 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 Killamarsh 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 Killamarsh 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.
In the city of Killamarsh, has the population grown or shrunk?
The city of Killamarsh has a total population of 20,778. 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 Killamarsh 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 Killamarsh
Over time, in the last five years, the population of the city of Killamarsh 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 Killamarsh?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Killamarsh 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.
Is the education level of Killamarsh important when buying a house?
In the city of Killamarsh, 19% 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 Killamarsh is £37,400.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the people of Killamarsh deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 25% for Killamarsh should give you a nice idea of the deprivation in the area.
What is the social grade score of Killamarsh?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Killamarsh, the percentage of people in the two highest categories, A and B is 15%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £37,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).
In general, do people commit a lot of crime in Killamarsh?
For the city of Killamarsh, crime rate is at 85. So for every 1000 people in the area, 85 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In the city of Killamarsh, is there a lot of green space?
Whether you view green space in Killamarsh 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 Killamarsh, the number of acres of green space for every 1000 people currently is 37.8 which can be measured against the UK average of 1.7.
In general, what do houses for sale sell for in Killamarsh?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Killamarsh. In Killamarsh, this sale price works out to be £178,034. As an example, a factor like population growth over the last 10 years which works out to be 4% in Killamarsh and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £247,453 |
| Average sold price (semi-detached) | £148,967 |
| Average sold price (terraced) | £127,664 |
| Average sold price (flat) | £88,625 |
Above, the exact type of house is also shown to vary in price in a table in Killamarsh. 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 | £1,970 |
| Average sold price/sqft (new build) | £2,190 |
| Average sold price/sqft (old stock) | £1,850 |
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 Killamarsh which is £1,970. 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.
Invest in houses for sale in Killamarsh with the right professional advice
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in East Midlands, the same UK region of Killamarsh that can help you evaluate the different houses for sale listed in the region:
- Allestree in East Midlands
- Alderwasley in East Midlands
- Braithwaite in East Midlands
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Choose the right house for sale that suits your needs
When browsing houses for sale in Killamarsh 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 – 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
- 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.
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
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