As a landlord, whenever you are looking at houses for sale in East Ayrshire, you could find varying prices throughout an area like Kilmarnock. 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 Kilmarnock 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 Kilmarnock will be revealed. Keep reading.
What is the final sale price of a house in Kilmarnock?
In Kilmarnock, the average sale price of a house for sale is in fact £78,456. This is dependent on the 10 year population growth of Kilmarnock being -3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Kilmarnock.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£211,720|
|Aerage sold price (semi-detached)||£108,993|
|Aerage sold price (terraced)||£72,293|
|Aerage sold price (flat)||£44,996|
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 Kilmarnock.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£860|
|Aerage sold price/sqft (new build)||£800|
|Aerage sold price/sqft (old stock)||£860|
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 £860. This means if you are just looking out the houses sold in Kilmarnock in general and didn’t take into consideration the type of build. For example, a new build.
Who can help you buy a house for sale in Kilmarnock?
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 Kilmarnock, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Kilmarnock, the average price asked by the homeowners works out to be £93,558.
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 Kilmarnock 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.
Average price of houses for sale in Kilmarnock
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£66,250|
|Average asking price (3 bed)||£118,591|
|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 Kilmarnock has a lack of supply of housing in certain categories.
Always consider average rental yield when searching for houses for sale in Kilmarnock
In Kilmarnock, how has the number of houses changed?
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 Kilmarnock at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Kilmarnock growth rate||-7%||21%||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 Kilmarnock 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 Kilmarnock.
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 Kilmarnock, 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)|
|Kilmarnock||no relevant data for this city||no relevant data for this city||no relevant data for this city||£1|
|East Ayrshire||4.95%||£546.50||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 Kilmarnock you might be interested in the number of sales per month (no relevant data for this city) that happen in the local housing market. Comparing this figure for Kilmarnock with the above table gives you a good understanding of the profitability of the area.
Are you considering other cities with houses for sale?
We have prepared a list of cities that are entirely dissimilar to the region of Scotland, perfect if you are looking for somewhere similar to Kilmarnock but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- madeley in Scotland
- barrow-upon-soar in Scotland
- avonmouth in Scotland
- alloa in Scotland
- fleetwood in Scotland
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
What are the people like in Kilmarnock?
What is the social grade score of Kilmarnock?
In the city of Kilmarnock, 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 Kilmarnock.
|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|
In Kilmarnock, how has the population changed?
Population growth in Kilmarnock is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Kilmarnock, 9407 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Kilmarnock in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Kilmarnock, this change has been -1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of -1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Kilmarnock?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be -3% in Kilmarnock.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Kilmarnock, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. 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 Kilmarnock 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 Kilmarnock, 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.
Are the deprivation levels of the UK any different to Kilmarnock?
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 Kilmarnock 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.
What salary does the community in Kilmarnock take home?
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 Kilmarnock, 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.
Do the people of Kilmarnock get to enjoy green space?
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 Kilmarnock, the city has 39 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 Kilmarnock.
What’s crime like in Kilmarnock?
The crime rate of Kilmarnock 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.
Located in East Ayrshire is the city of Kilmarnock, in a large part of the UK; Scotland. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Kilmarnock has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Kilmarnock which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Kilmarnock
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.
Frequently Asked Questions
If you are a landlord, should you renovate a property in the city of Kilmarnock?
Every single month in Kilmarnock, there are no relevant data for this city planning applications, of which no relevant data for this city result in a success. Look at this in terms of the population size of 9407 to work out if you think you’d have good planning success if you were to renovate.
What is the monthly count of property transactions in Kilmarnock?
The city of Kilmarnock sees around no relevant data for this city property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
How does the population in a city like Kilmarnock change annually?
For a comprehensive analysis of Kilmarnock’s population trends, observe the population fluctuation over a decade, indicated by -3%, and the five-year alteration represented by -1%. Perhaps also look at data from another nearby city too so you can see a comparison.
What is the asking price for houses for sale in the wider region of Kilmarnock?
In Kilmarnock, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Is investing in a house for sale in Kilmarnock a financially demanding choice?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Kilmarnock, this value is £78,456, compared to the UK’s average of £286,500.