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How much does a house for sale cost in Backmuir of New Gilston?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ How much does a house for sale cost in Backmuir of New Gilston?

As a landlord, whenever you are looking at houses for sale in Fife, you could find varying prices throughout an area like Backmuir of New Gilston. 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 Backmuir of New Gilston 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 Backmuir of New Gilston will be revealed. Keep reading.

In Backmuir of New Gilston, what are the demographics like?

What’s crime like in Backmuir of New Gilston?

For every one thousand people living in Backmuir of New Gilston, no relevant data for this city commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of no relevant data for this city is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Located in Fife is the city of Backmuir of New Gilston, in a large part of the UK; Scotland. 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 Backmuir of New Gilston 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 Backmuir of New Gilston 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.

What is the education level like in Backmuir of New Gilston?

The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. The ability to buy a home is greatly influenced by the number of people who have degrees. no relevant data for this city is the amount people in Backmuir of New Gilston 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 Backmuir of New Gilston, 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 does the population of Backmuir of New Gilston look like?

Population growth in Backmuir of New Gilston 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 Backmuir of New Gilston, 34,495 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 Backmuir of New Gilston 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 Backmuir of New Gilston, this change has been 2%. 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 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Backmuir of New Gilston?

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 3% in Backmuir of New Gilston.

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.

What is the social grade score of Backmuir of New Gilston?

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 Backmuir of New Gilston, the percentage of people in the two highest categories, A and B is no relevant data for this city. 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 no relevant data for this city. This income will generally get bigger as the percentage of people in the A and B categories go up too (no relevant data for this city).

What salary does the community in Backmuir of New Gilston take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

no relevant data for this city is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is no relevant data for this city for Backmuir of New Gilston.

Is the city of Backmuir of New Gilston deprived?

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 Backmuir of New Gilston is no relevant data for this city.

In the city of Backmuir of New Gilston, is there a lot of green space?

Whether you view green space in Backmuir of New Gilston 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 Backmuir of New Gilston, the number of acres of green space for every 1000 people currently is 25.9 which can be measured against the UK average of 1.7.

What is the final sale price of a house in Backmuir of New Gilston?

As well as looking at the asking price for house for sale in Backmuir of New Gilston, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Backmuir of New Gilston.

Houses for sale, are sold on average in Backmuir of New Gilston, after the influence of these factors, at £104,426 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 3% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £220,135
Aerage sold price (semi-detached) £118,027
Aerage sold price (terraced) £93,810
Aerage sold price (flat) £56,814

This table above shows the average sale price for each variation of houses for sale in Backmuir of New Gilston.

Housing category Sale price per square foot
Aerage sold price/sqft £1,110
Aerage sold price/sqft (new build) £970
Aerage sold price/sqft (old stock) £1,140

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Backmuir of New Gilston is £1,110.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

On average, what is the figure for the asking price of a house for sale in Backmuir of New Gilston?

Table showing the asking prices for houses for sale in Backmuir of New Gilston

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £87,314
Average asking price (3 bed) £137,765
Average asking price (4 bed) £246,375
Average asking price (5 bed) no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Backmuir of New Gilston is the right area to buy a house in for you.

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 Backmuir of New Gilston 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 £128,224.

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 Backmuir of New Gilston.

What’s the rental yield in general for the city of Backmuir of New Gilston?

What is the growth in the housing market of Backmuir of New Gilston?

Whenever you are thinking about looking for houses for sale in Backmuir of New Gilston, 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
Backmuir of New Gilston growth rate -1% 6% no relevant data for this city

As the population of Backmuir of New Gilston 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.

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 Backmuir of New Gilston, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Scotland. As well as Fife, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Backmuir of New Gilston no relevant data for this city no relevant data for this city no relevant data for this city 57.0%
Fife 3.80% £564 no relevant data for this city 63.00%
Scotland 5.48% £871 125.36% 59.40%

Assuming that in the future you want to re-sell the house you will eventually purchased in Backmuir of New Gilston you might be interested in the number of sales per month (38) that happen in the local housing market. Comparing this figure for Backmuir of New Gilston with the above table gives you a good understanding of the profitability of the area.

Get professional help on the houses for sale in Backmuir of New Gilston

houses for sale in other cities in the UK

We have prepared a list of cities in Scotland, the same UK region of Backmuir of New Gilston that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

Invest in a house for sale that meets your demands

When browsing houses for sale in Backmuir of New Gilston 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.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

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