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How much will you pay for a house for sale in Catrine?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ How much will you pay for a house for sale in Catrine?

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

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

In Catrine, the average sale price of a house for sale is in fact £95,767. This is dependent on the 10 year population growth of Catrine being -1%. Growing populations are more likely to inflate the prices of houses for sale in the city of Catrine.

Housing category Total final sale price
Aerage sold price (detached) £193,500
Aerage sold price (semi-detached) £106,704
Aerage sold price (terraced) £69,650
Aerage sold price (flat) £43,701

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Catrine.

Housing category Sale price per square foot
Aerage sold price/sqft £940
Aerage sold price/sqft (new build) £790
Aerage sold price/sqft (old stock) £1,000

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £940. This means if you are just looking out the houses sold in Catrine in general and didn’t take into consideration the type of build. For example, a new build.

Invest in a house for sale that meets your demands

What parameters impact the final price of a house for sale in Catrine?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

In Catrine, what is the asking price in general for a house for sale?

Average prices for the houses for sale in Catrine

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £92,342
Average asking price (3 bed) £162,265
Average asking price (4 bed) £292,000
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Catrine, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.

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 Catrine 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 £166,532.

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 Catrine.

Other cities in different locations you can consider to buy property

Below is a list of towns that differ from Catrine.
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 kind of demographics does the city of Catrine have?

How deprived is the population of Catrine?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of no relevant data for this city for Catrine should give you a nice idea of the deprivation in the area.

How much green space is available to residents of Catrine?

In the city of Catrine, there are 12 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Catrine is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In the city of Catrine, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Catrine if 9902 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Catrine such as rental yield or house appreciation.

How has the population size of Catrine adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Catrine by 0%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 0% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Catrine?

In the last decade, the population of Catrine has been adjusted by -1%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Is the crime rate bad in the city of Catrine?

Within Catrine, the number of people committing crimes is no relevant data for this city per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this no relevant data for this city figure carefully.

How much do people in Catrine earn?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Catrine. Compare the area’s average household income of no relevant data for this city to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at no relevant data for this city for more conclusive data on the affluence of the area.

What is the social grade score of Catrine?

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 Catrine 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.

Catrine within East Ayrshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Catrine 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 Catrine.

In Catrine, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Catrine 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 Catrine 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.

Get professional help on the houses for sale in Catrine

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.

In Catrine, what are the rental yields?

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

The growth of an area like Catrine can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Catrine growth rate -36% 30% no relevant data for this city

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Catrine if you want to find out the exact reasons for the housing change.

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 Catrine this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (Scotland) alongside East Ayrshire 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 Catrine.

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)
Catrine no relevant data for this city no relevant data for this city no relevant data for this city £0
East Ayrshire 4.95% £546.50 no relevant data for this city 53.52%
Scotland 0.05 871.42 £1 59.40%

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 Catrine.

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 (no relevant data for this city) will be useful.

Frequently Asked Questions (FAQ)

If you are a landlord, should you renovate a property in the city of Catrine?

Amidst the urban landscape of Catrine, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is no relevant data for this city and on the other hand, there is a planning success rate of no relevant data for this city. It is also useful to take into consideration the population size of the area (9902).

In Catrine, how many property sales per month are there?

no relevant data for this city property transactions are reported in Catrine each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Catrine?

When evaluating the population trajectory of Catrine, explore the decade-spanning population shift of -1% and the five-year modification of population of 0%. By drawing comparisons, see if demographic changes in your chosen area is

prices for houses on sale in the broader vicinity of Catrine?

Currently, the mean asking price of a house in Catrine is £0, calculated using the average value per square foot

Would acquiring a house for sale in Catrine be regarded as a high-priced option?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Catrine, this stands at £95,767, whereas the UK’s mean is £286,500.

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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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