As a landlord, whenever you are looking at houses for sale in Cumbria, you could find varying prices throughout an area like Bowness-On-Windermere. 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 Bowness-On-Windermere 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 Bowness-On-Windermere will be revealed. Keep reading.
What are the people like in Bowness-On-Windermere?
What is the city of Bowness-On-Windermere’s social grade score?
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 Bowness-On-Windermere in grades A or B which are the highest skilled roles in the country is 21%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £36,900 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 21%.
Do the people of Bowness-On-Windermere get to enjoy green space?
In the city of Bowness-On-Windermere, there are 18.9 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 Bowness-On-Windermere is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In the city of Bowness-On-Windermere, has the population grown or shrunk?
Population growth in Bowness-On-Windermere is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Bowness-On-Windermere, 9,077 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Bowness-On-Windermere in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Bowness-On-Windermere, this change has been 1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Bowness-On-Windermere?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 1% in Bowness-On-Windermere.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
Bowness-On-Windermere within Cumbria is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Bowness-On-Windermere will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Bowness-On-Windermere.
How deprived is the population of Bowness-On-Windermere?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bowness-On-Windermere, currently, 19% 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.
What is the education level like in Bowness-On-Windermere?
The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £36,900 is the amount people in Bowness-On-Windermere 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 Bowness-On-Windermere, 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.
What salary does the community in Bowness-On-Windermere 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 Bowness-On-Windermere, the average income is £36,900. 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 21% to decide on what the demographics are like in the area.
What’s the crime rate in Bowness-On-Windermere?
For the city of Bowness-On-Windermere, crime rate is at 83. So for every 1000 people in the area, 83 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.
On average, what is the figure for the asking price of a house for sale in Bowness-On-Windermere?
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.
Average price of 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 |
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 Bowness-On-Windermere is £0. This should show you the general prices overall and for individual types of houses too.
How are rental yields of the houses for sale different to the rest of the UK in Bowness-On-Windermere?
Is the housing market in Bowness-On-Windermere growing?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Bowness-On-Windermere at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bowness-On-Windermere growth rate | 4% | 22% | 22% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bowness-On-Windermere gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bowness-On-Windermere.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Bowness-On-Windermere. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Bowness-On-Windermere.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Cumbria), a regional level (North West) and finally on the level of the city talked about in this article, Bowness-On-Windermere.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bowness-On-Windermere | no relevant data for this city | no relevant data for this city | no relevant data for this city | 8.0% |
| Cumbria | 4.20% | £674 | 116.50% | 17.79% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
You may also find it useful to compare the data above to the number of properties sold per month Bowness-On-Windermere experiences. This figure for house sales per month is 7. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
In Bowness-On-Windermere, what do houses for sale tend to sell for?
In Bowness-On-Windermere, houses for sale are sold at an average of £340,829. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bowness-On-Windermere. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £565,018 |
| Aerage sold price (semi-detached) | £309,171 |
| Aerage sold price (terraced) | £274,662 |
| Aerage sold price (flat) | £202,394 |
As you can see above, for Bowness-On-Windermere, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 1% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,210 |
| Aerage sold price/sqft (new build) | £4,000 |
| Aerage sold price/sqft (old stock) | £3,100 |
Looking at the second table about Bowness-On-Windermere, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bowness-On-Windermere is £3,210.
Professional advice for houses for sale in Bowness-On-Windermere
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Bowness-On-Windermere.
Reading these analysis will help you evaluate the different houses for sale currently listed in North West:
- Blackden-Heath in North West
- Preston in North West
- Manchester in North West
- Audlem in North West
- Burn-Naze in North West
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.
Choose the right house for sale that suits your needs
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:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
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