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What is it like buying a house in Carlton Colville?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ What is it like buying a house in Carlton Colville?

Carlton Colville 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 Carlton Colville.

On top of this, keep reading for detailed information on the demographics of Carlton Colville in Suffolk. 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.

What’s the rental yield in general for the city of Carlton Colville?

Are there more or fewer houses being built in Carlton Colville?

Whenever you are thinking about looking for houses for sale in Carlton Colville, 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
Carlton Colville growth rate 8% 26% 33%

As the population of Carlton Colville 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.

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 Carlton Colville.

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 (Suffolk) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Carlton Colville 3.8% £794 101% 19.0%
Suffolk 3.69% £992 125.38% 14.64%
East of England 3.49% £1,148 126.76% 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Carlton Colville which is 37 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 Carlton Colville is to invest in. Both in terms of rental yield and capital appreciation.

In general, what do houses for sale sell for in Carlton Colville?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Carlton Colville. In Carlton Colville, this sale price works out to be £196,609. As an example, a factor like population growth over the last 10 years which works out to be 4% in Carlton Colville and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £253,050
Average sold price (semi-detached) £182,206
Average sold price (terraced) £149,187
Average sold price (flat) £121,598

Above, the exact type of house is also shown to vary in price in a table in Carlton Colville. 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 £2,250
Average sold price/sqft (new build) £2,360
Average sold price/sqft (old stock) £2,170

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 Carlton Colville which is £2,440. 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.

In Carlton Colville, what are the demographics like?

Are the people in Carlton Colville earning a lot?

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 Carlton Colville, the average income is £37,300. 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 14% to decide on what the demographics are like in the area.

What’s a social grade score and how does it relate to Carlton Colville?

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 Carlton Colville in grades A or B which are the highest skilled roles in the country is 14%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £37,300 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 14%.

The city of Carlton Colville, situated in Suffolk, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Carlton Colville and its demographics will be compared to its wider location (East of England). 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 Carlton Colville. So, taking a good look at the data is essential to understand the area you are considering to buy in.

For the city of Carlton Colville, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 16%. The ability to buy a home is greatly influenced by the number of people who have degrees. £37,300 is the amount people in Carlton Colville 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 Carlton Colville, 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.

In general, do people commit a lot of crime in Carlton Colville?

Within Carlton Colville, the number of people committing crimes is 88 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 88 figure carefully.

Do the people of Carlton Colville get to enjoy green space?

Whether you view green space in Carlton Colville 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 Carlton Colville, the number of acres of green space for every 1000 people currently is 8.3 which can be measured against the UK average of 1.7.

How deprived is the population of Carlton Colville?

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 Carlton Colville is 29%.

Have the people of Carlton Colville grown in numbers?

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 Carlton Colville is 39,572.

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 Carlton Colville.

In Carlton Colville, 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 Carlton Colville 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.

Carlton Colville population difference over 10 years?

The population has adjusted in the area of Carlton Colville by 4% 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 Carlton Colville.

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.

What are the asking prices for the houses for sale in the city of Carlton Colville?

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 Carlton Colville 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 £252,732.

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 Carlton Colville.

The average asking price for the houses for sale in the city of Carlton Colville

Average asking price (1 bed) £113,333
Average asking price (2 bed) £210,346
Average asking price (3 bed) £250,529
Average asking price (4 bed) £352,250
Average asking price (5 bed) £374,615

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Carlton Colville 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 £2,630 should also give you an overview of what the asking price for houses for sale are in general.

Who can help you buy a house for sale in Carlton Colville?

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Carlton Colville.
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?

See here below a list of cities in the same UK region of Carlton Colville which is East of England. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

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