Dovecot 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 Merseyside.
Before looking for a house for sale in the city of Dovecot 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 Dovecot.
In general, what do houses for sale sell for in Dovecot?
For the city of Dovecot, the average price a house sells for is £146,563. This value usually depends on the exact location of the house within Dovecot as well as other factors like the population growth in Dovecot which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£271,438|
|Aerage sold price (semi-detached)||£145,405|
|Aerage sold price (terraced)||£99,563|
|Aerage sold price (flat)||£124,869|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Dovecot.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,700|
|Aerage sold price/sqft (new build)||£2,230|
|Aerage sold price/sqft (old stock)||£1,530|
Generalising the bottom table, the average value per square foot of a house for sale is £1,700. This value averages all of the types of houses for sale in Dovecot. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Dovecot.
How are rental yields of the houses for sale different to the rest of the UK in Dovecot?
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 Dovecot to Merseyside and the broader suburb of the UK; North West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Dovecot||5.1%||£735||no relevant data for this city||31.0%|
Let’s assume you want to sell the house you’re looking to buy in Dovecot for profit in the future, in this case, looking at the data for the number of houses sold per month in Dovecot would give you an idea of whether the area is actively getting new investors. This figure is 18.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Dovecot. 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.
Is the housing market in Dovecot growing?
The growth of an area like Dovecot 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|
|Dovecot growth rate||7%||17%||36%|
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 Dovecot if you want to find out the exact reasons for the housing change.
What is the asking price on average of houses for sale in Dovecot?
When speaking about the city of Dovecot, £171,289 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Dovecot.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Table showing the asking prices for houses for sale in Dovecot
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£125,306|
|Average asking price (3 bed)||£173,966|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Dovecot has a lack of supply of housing in certain categories.
What are the demographics like in the city of Dovecot?
What is the social grade score of Dovecot?
In the city of Dovecot and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Dovecot has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 9%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 is the population of Dovecot?
In total, the number of people in Dovecot is 25,822. 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 Dovecot, depending on where exactly you are.
How has Dovecot 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 Dovecot has changed by 4%. 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 4% 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 Dovecot?
7% 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 Dovecot 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.
Is the education level of Dovecot important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 17%. The ability to buy a home is greatly influenced by the number of people who have degrees. £33,800 is the amount people in Dovecot 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 Dovecot, 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.
Is the city of Dovecot 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 Dovecot, in particular, the deprivation levels are 36%.
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 Dovecot, how much green space remains for residents?
In the city of Dovecot, there are 10.8 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 Dovecot is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
The city of Dovecot, situated in Merseyside, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Dovecot 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 Dovecot. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much do people in Dovecot earn?
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 Dovecot, the average income is £33,800. 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 9% to decide on what the demographics are like in the area.
Is the crime rate bad in the city of Dovecot?
In Dovecot, for every 1000 people, there is currently a crime rate of 126. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (126 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.