Bellochantuy 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 Argyll and Bute.
Before looking for a house for sale in the city of Bellochantuy 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 Bellochantuy.
In Bellochantuy, what are the demographics like?
In general, do people commit a lot of crime in Bellochantuy?
The crime rate of Bellochantuy 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 no relevant data for this city, 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 (no relevant data for this city) is both useful and is recommended to be compared to the average.
Is the education level of Bellochantuy important when buying a house?
In Bellochantuy, the proportion of people who have a degree is no relevant data for this city. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bellochantuy is no relevant data for this city.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
How much do people in Bellochantuy 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 Bellochantuy, the average income is no relevant data for this city. 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 no relevant data for this city to decide on what the demographics are like in the area.
In Bellochantuy, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Bellochantuy is no relevant data for this city and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
In the city of Bellochantuy, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Argyll and Bute for example.
These demographics for Bellochantuy may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bellochantuy in Scotland.
How much green space is available to residents of Bellochantuy?
Whether you view green space in Bellochantuy 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 Bellochantuy, the number of acres of green space for every 1000 people currently is 90.3 which can be measured against the UK average of 1.7.
In the city of Bellochantuy, has the population grown or shrunk?
The city of Bellochantuy has a total population of 7,362. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bellochantuy is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bellochantuy
Over time, in the last five years, the population of the city of Bellochantuy has changed by -2%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this -2% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bellochantuy?
In the last 10 years, there has been a shift in the population of -4%.
Comparing this to the 5 year figure of Bellochantuy can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
What’s a social grade score and how does it relate to Bellochantuy?
In the city of Bellochantuy, the social grade score of the area is no relevant data for this city. 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 Bellochantuy.
|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 are the asking prices for the houses for sale in the city of Bellochantuy?
Average price of houses for sale in Bellochantuy
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£88,364|
|Average asking price (3 bed)||no relevant data for this city|
|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 Bellochantuy has a lack of supply of housing in certain categories.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Bellochantuy is £118,829.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Bellochantuy is useful when negotiating and knowing what to expect for every type of house for sale.
In Bellochantuy, what do houses for sale tend to sell for?
For the city of Bellochantuy, the average price a house sells for is £100,518. This value usually depends on the exact location of the house within Bellochantuy as well as other factors like the population growth in Bellochantuy which is -4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£199,935|
|Aerage sold price (semi-detached)||£114,546|
|Aerage sold price (terraced)||£83,663|
|Aerage sold price (flat)||£50,172|
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 Bellochantuy.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£940|
|Aerage sold price/sqft (new build)||£860|
|Aerage sold price/sqft (old stock)||£920|
Generalising the bottom table, the average value per square foot of a house for sale is £940. This value averages all of the types of houses for sale in Bellochantuy. 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 Bellochantuy.
Always consider average rental yield when searching for houses for sale in Bellochantuy
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 Bellochantuy.
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 (Argyll and Bute) as well as the broader region; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bellochantuy||no relevant data for this city||no relevant data for this city||no relevant data for this city||19.0%|
|Argyll and Bute||5.10%||£554||no relevant data for this city||38.47%|
Also, you can compare other data to the table above such as the number of houses sold per month in Bellochantuy which is 11 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 Bellochantuy is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Bellochantuy?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Bellochantuy that shows the growth in recent years.
|1 year||3 years||5 years|
|Bellochantuy growth rate||-11%||43%||no relevant data for this city|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Bellochantuy is important.