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How much does a house for sale cost in Bowness-On-Windermere?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ How much does a house for sale cost in Bowness-On-Windermere?

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Bowness-On-Windermere 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 Cumbria.
Before looking for a house for sale in the city of Bowness-On-Windermere 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 Bowness-On-Windermere.

In Bowness-On-Windermere, what are the demographics like?

Are the people of Bowness-On-Windermere deprived?

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 Bowness-On-Windermere, 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.

In the city of Bowness-On-Windermere, how much green space remains for residents?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bowness-On-Windermere, the city has 19 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bowness-On-Windermere.

For the city of Bowness-On-Windermere, what is the education level?

In the city of Bowness-On-Windermere, 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 Bowness-On-Windermere is £36,900.00. 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.

How much do people in Bowness-On-Windermere earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (21%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bowness-On-Windermere, this works out to be £36,900.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What’s crime like in Bowness-On-Windermere?

The crime rate of Bowness-On-Windermere must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 8300%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (8300%) is both useful and is recommended to be compared to the average.

What is a social grade score and how does this relate to Bowness-On-Windermere?

In the city of Bowness-On-Windermere, the social grade score of the area is 21%. 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 Bowness-On-Windermere.

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

The city of Bowness-On-Windermere, situated in Cumbria, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Bowness-On-Windermere and its demographics will be compared to its wider location (North West). 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 Bowness-On-Windermere. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Have the people of Bowness-On-Windermere grown in numbers?

In total, the number of people in Bowness-On-Windermere is 9077. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Bowness-On-Windermere, depending on where exactly you are.

How has Bowness-On-Windermere changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Bowness-On-Windermere has changed by 1%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Bowness-On-Windermere?

1% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Bowness-On-Windermere have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

What are the asking prices for the houses for sale in the city of Bowness-On-Windermere?

Table showing the asking prices for houses for sale in Bowness-On-Windermere

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £306,442
Average asking price (3 bed) £368,903
Average asking price (4 bed) £965,300
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Bowness-On-Windermere, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.

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 Bowness-On-Windermere 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 £426,711.

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 Bowness-On-Windermere.

A house for sale that is right for you

Many criteria impact the price of houses for sale in Bowness-On-Windermere.
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.

In general, for the city of Bowness-On-Windermere, what are the final purchase prices for the houses for sale?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bowness-On-Windermere. In Bowness-On-Windermere, this sale price works out to be £340,829. As an example, a factor like population growth over the last 10 years which works out to be 1% in Bowness-On-Windermere and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £565,018
Average sold price (semi-detached) £309,171
Average sold price (terraced) £274,662
Average sold price (flat) £202,394

Above, the exact type of house is also shown to vary in price in a table in Bowness-On-Windermere. 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 £3,210
Average sold price/sqft (new build) £4,000
Average sold price/sqft (old stock) £3,100

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 Bowness-On-Windermere which is £3,210. 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.

Thinking of a different city and perhaps a different location?

Below is a list of towns that differ from Bowness-On-Windermere.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to North West:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Advice from experts on properties for sale in Bowness-On-Windermere

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

What’s the rental yield in general for the city of Bowness-On-Windermere?

Is the housing market in Bowness-On-Windermere growing?

Before committing to Bowness-On-Windermere to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Bowness-On-Windermere growth rate 4% 22% 22%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Bowness-On-Windermere is building housing to find your answer.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bowness-On-Windermere, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Bowness-On-Windermere?

Bowness-On-Windermere is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 10 each month, attaining a success rate of 89% and a total population of 9077. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

On a monthly basis, how many property transactions take place in Bowness-On-Windermere?

7 property transactions are reported in Bowness-On-Windermere each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the year-over-year population change in Bowness-On-Windermere or similar cities?

When evaluating the population trajectory of Bowness-On-Windermere, explore the decade-spanning population shift of 1% and the five-year modification of population of 1%. By drawing comparisons, see if demographic changes in your chosen area is

How much are houses for sale priced at in the extended region of Bowness-On-Windermere?

The average cost per square foot for a house in Bowness-On-Windermere is presently £0.

Is investing in a house for sale in Bowness-On-Windermere a financially demanding choice?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Bowness-On-Windermere, this stands at £340,829, whereas the UK’s mean is £286,500.

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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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