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A guide on houses for sale in Castlemilk

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ A guide on houses for sale in Castlemilk

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As a landlord, whenever you are looking at houses for sale in Lanarkshire, you could find varying prices throughout an area like Castlemilk. 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 Castlemilk 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 Castlemilk will be revealed. Keep reading.

Finding the ideal house for sale for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Castlemilk

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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.

In Castlemilk, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Castlemilk, 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 Castlemilk.

Houses for sale, are sold on average in Castlemilk, after the influence of these factors, at £90,652 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 8% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) no relevant data for this city
Aerage sold price (semi-detached) £137,766
Aerage sold price (terraced) £107,771
Aerage sold price (flat) £61,407

This table above shows the average sale price for each variation of houses for sale in Castlemilk.

Housing category Sale price per square foot
Aerage sold price/sqft £1,490
Aerage sold price/sqft (new build) £0
Aerage sold price/sqft (old stock) £1,450

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 Castlemilk is £1,490.

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

Professional advice for houses for sale in Castlemilk

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

In Castlemilk, what are the rental yields?

Are there new houses being built in Castlemilk to make it grow?

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 Castlemilk that shows the growth in recent years.

1 year 3 years 5 years
Castlemilk growth rate no relevant data for this city 19% 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 Castlemilk is important.

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Castlemilk, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).

Asking price in Castlemilk for a house for sale

On average, in Castlemilk, the asking price for a house for sale in the area is £123,249.

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 Castlemilk. 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 the city of Castlemilk, what is the average asking price for the houses for sale?

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) 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 Castlemilk has a lack of supply of housing in certain categories.

Are you considering other cities with houses for sale?

Below is a list of towns that differ from Castlemilk.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Scotland:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

What are the people like in Castlemilk?

In the city of Castlemilk, how much green space remains for residents?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Castlemilk, the city has 48 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Castlemilk.

What is the social grade score of Castlemilk?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Castlemilk in grades A or B which are the highest skilled roles in the country is no relevant data for this city.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, no relevant data for this city is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at no relevant data for this city.

In Castlemilk, what is the crime rate?

The crime rate of Castlemilk 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.

The city of Castlemilk, situated in Lanarkshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Castlemilk 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 Castlemilk. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the people in Castlemilk earning a lot?

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 Castlemilk, 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.

What is the population of Castlemilk?

The city of Castlemilk has a total population of 14862. 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 Castlemilk 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 Castlemilk

Over time, in the last five years, the population of the city of Castlemilk has changed by 5%. 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 5% 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 Castlemilk?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Castlemilk 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.

Are the deprivation levels of the UK any different to Castlemilk?

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 Castlemilk, in particular, the deprivation levels are £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

What is the education level like in Castlemilk?

The number of people as a percentage who have been through university and gained a degree is 25%. 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 Castlemilk 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 Castlemilk, 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.

F.A.Q.

Is it possible to renovate a property in Castlemilk?

If planning permissions are abundant in the vicinity of Castlemilk, it may look promising for landlords looking to renovate. With no relevant data for this city getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 14862. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

How many property sales occur per month in Castlemilk?

Castlemilk boasts a monthly total of no relevant data for this city property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like Castlemilk change annually?

For a comprehensive analysis of Castlemilk’s population trends, observe the population fluctuation over a decade, indicated by 8%, and the five-year alteration represented by 5%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Castlemilk, what is the cost of houses available for sale?

The current average price per square foot for a house in Castlemilk stands at £0, considering the mean cost for each square foot of houses for sale there.

Does opting for a house for sale in Castlemilk come with a hefty price tag?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Castlemilk this number is £90,652 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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