Whenever looking for a house for sale in the UK or in Bourtreehill, it is vital you look at the market trends and house price fluctuations in the wider area of East Ayrshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Bourtreehill.
In this article, we will be looking at the city of Bourtreehill in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Bourtreehill for a house for sale
Average price of houses for sale in Bourtreehill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£98,124|
|Average asking price (3 bed)||£123,365|
|Average asking price (4 bed)||£243,625|
|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 Bourtreehill is the right area to buy a house in for you.
When investors make offers for houses for sale in Bourtreehill, the average price asked by the homeowners works out to be £140,457.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Bourtreehill is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Always consider average rental yield when searching for houses for sale in Bourtreehill
Are there new houses being built in Bourtreehill to make it grow?
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 Bourtreehill at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bourtreehill growth rate||13%||-2%||no relevant data for this city|
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 Bourtreehill 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 Bourtreehill.
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 Bourtreehill, 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 East Ayrshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bourtreehill||no relevant data for this city||no relevant data for this city||no relevant data for this city||55.0%|
|East Ayrshire||4.95%||£547||no relevant data for this city||53.52%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bourtreehill you might be interested in the number of sales per month (28) that happen in the local housing market. Comparing this figure for Bourtreehill with the above table gives you a good understanding of the profitability of the area.
What are the people like in Bourtreehill?
In Bourtreehill, what is the crime rate?
The crime rate of Bourtreehill 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.
Do the people of Bourtreehill get to enjoy green space?
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 Bourtreehill currently has no relevant data for this city 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 Bourtreehill in this case.
What is the social grade score of Bourtreehill?
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 Bourtreehill, 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).
Is the education level of Bourtreehill important when buying a house?
In the city of Bourtreehill, no relevant data for this city of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Bourtreehill is no relevant data for this city. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In Bourtreehill, how has the population changed?
In total, the number of people in Bourtreehill is 20,926. 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 Bourtreehill, depending on where exactly you are.
How has Bourtreehill 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 Bourtreehill has changed by -1%. 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 -1% 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 Bourtreehill?
-3% 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 Bourtreehill 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.
The city of Bourtreehill, situated in East Ayrshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bourtreehill and its demographics will be compared to its wider location (Scotland). 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 Bourtreehill. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Bourtreehill, what are the deprivation levels like?
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 Bourtreehill is no relevant data for this city.
How much are those living in Bourtreehill earning?
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 Bourtreehill.
In general, for the city of Bourtreehill, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Bourtreehill, 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 Bourtreehill.
Houses for sale, are sold on average in Bourtreehill, after the influence of these factors, at £125,401 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)||£208,541|
|Aerage sold price (semi-detached)||£143,298|
|Aerage sold price (terraced)||£82,584|
|Aerage sold price (flat)||£63,201|
This table above shows the average sale price for each variation of houses for sale in Bourtreehill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,260|
|Aerage sold price/sqft (new build)||£980|
|Aerage sold price/sqft (old stock)||£1,260|
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 Bourtreehill is £1,260.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Invest in houses for sale in Bourtreehill with the right professional advice
Finding the ideal house for sale for you
When browsing houses for sale in Bourtreehill 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.
houses for sale in other cities in the UK
We have prepared a list of cities in Scotland, the same UK region of Bourtreehill that can help you evaluate the different houses for sale listed in the region:
- Blyth-Bridge in Scotland
- Paisley in Scotland
- Gretna in Scotland
- Barrhead in Scotland
- Rosewell in Scotland
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment