Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Blair Drummond, Stirlingshire.
From the average asking price of houses for sale in Blair Drummond to the growth of the population in the area, all will be talked about regarding the city of Blair Drummond. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Blair Drummond, what is the asking price in general for a house for sale?
Average asking prices for houses for sale in Blair Drummond
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£238,206|
|Average asking price (4 bed)||£386,400|
|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 Blair Drummond is the right area to buy a house in for you.
On average, in Blair Drummond, the asking price for a house for sale in the area is £283,686.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Blair Drummond. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
In Blair Drummond, what are the demographics like?
Have the people of Blair Drummond grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Blair Drummond is 13,790.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Blair Drummond.
In Blair Drummond, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Blair Drummond is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (1%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Blair Drummond population difference over 10 years?
The population has adjusted in the area of Blair Drummond by 5% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Blair Drummond.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What’s a social grade score and how does it relate to Blair Drummond?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Blair Drummond compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Blair Drummond, the percentage of people who work in the two highest skilled categories of this scale (A and B) is no relevant data for this city.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
Blair Drummond within Stirlingshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Blair Drummond will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Scotland). 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 Blair Drummond.
In Blair Drummond, 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 Blair Drummond 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 Blair Drummond, how much green space remains for residents?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Blair Drummond currently has 15.2 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Blair Drummond in this case.
How much do people in Blair Drummond 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 (no relevant data for this city). 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 Blair Drummond, this works out to be no relevant data for this city. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the crime rate bad in the city of Blair Drummond?
In Blair Drummond, for every 1000 people, there is currently a crime rate of no relevant data for this city. 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 (no relevant data for this city 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.
For the city of Blair Drummond, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Blair Drummond is no relevant data for this city. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Blair Drummond is no relevant data for this city.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
How are rental yields of the houses for sale different to the rest of the UK in Blair Drummond?
What is the growth in the housing market of Blair Drummond?
Whenever you are thinking about looking for houses for sale in Blair Drummond, 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|
|Blair Drummond growth rate||-11%||15%||no relevant data for this city|
As the population of Blair Drummond 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.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Blair Drummond this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Scotland) alongside Stirlingshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Blair Drummond.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Blair Drummond||no relevant data for this city||no relevant data for this city||no relevant data for this city||70.0%|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Blair Drummond.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (16) will be useful.
In general, for the city of Blair Drummond, what are the final purchase prices for the houses for sale?
For the city of Blair Drummond, the average price a house sells for is £233,595. This value usually depends on the exact location of the house within Blair Drummond as well as other factors like the population growth in Blair Drummond which is 5% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£348,940|
|Aerage sold price (semi-detached)||£218,814|
|Aerage sold price (terraced)||£172,460|
|Aerage sold price (flat)||£159,791|
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 Blair Drummond.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,160|
|Aerage sold price/sqft (new build)||£1,960|
|Aerage sold price/sqft (old stock)||£2,130|
Generalising the bottom table, the average value per square foot of a house for sale is £2,160. This value averages all of the types of houses for sale in Blair Drummond. 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 Blair Drummond.