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

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 Largs?

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Largs can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Largs.

On top of this, keep reading for detailed information on the demographics of Largs in East Ayrshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

In general, what do houses for sale sell for in Largs?

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

Houses for sale, are sold on average in Largs, after the influence of these factors, at £111,005 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) £241,605
Aerage sold price (semi-detached) £166,473
Aerage sold price (terraced) £120,210
Aerage sold price (flat) £78,113

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

Housing category Sale price per square foot
Aerage sold price/sqft £1,430
Aerage sold price/sqft (new build) £1,390
Aerage sold price/sqft (old stock) £1,440

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 Largs is £1,430.

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

Asking price in Largs for a house for sale

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Largs is £163,297.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Largs is useful when negotiating and knowing what to expect for every type of house for sale.

The average asking price for the houses for sale in the city of Largs

Average asking price (1 bed) £53,425
Average asking price (2 bed) £127,792
Average asking price (3 bed) £263,500
Average asking price (4 bed) £314,539
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Largs, 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.

A house for sale that is right for you

When browsing houses for sale in Largs 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • 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.

Always consider average rental yield when searching for houses for sale in Largs

Are there more or fewer houses being built in Largs?

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 Largs at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Largs growth rate 7% -1% 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 Largs 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 Largs.

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 Largs, 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)
Largs 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%

Assuming that in the future you want to re-sell the house you will eventually purchased in Largs 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 Largs with the above table gives you a good understanding of the profitability of the area.

Get professional help on the houses for sale in Largs

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.

Are you considering other cities with houses for sale?

You can consult our list below that goes over a list of cities not necessarily in Scotland, allowing you to find similar places to Largs:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

What are the demographics like in the city of Largs?

In Largs, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Largs, currently, no relevant data for this city 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.

In the city of Largs, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of East Ayrshire for example.

These demographics for Largs may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Largs in Scotland.

How much do people in Largs 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 Largs. 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.

Is there sufficient green space in Largs?

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 Largs currently has 27 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 Largs in this case.

What is a social grade score and how does this relate to Largs?

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 Largs, 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 Largs important when buying a house?

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

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

Population growth in Largs 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 Largs, 11471 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 Largs 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 Largs, 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 Largs?

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 Largs.

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.

What’s the crime rate in Largs?

Within Largs, the number of people committing crimes is 1 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 1 figure carefully.

FAQ (Frequently Asked Questions)

Is it possible to renovate a property in Largs?

Every single month in Largs, 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 11471 to work out if you think you’d have good planning success if you were to renovate.

On a monthly basis, how many property transactions take place in Largs?

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

In a city like Largs, what’s the yearly fluctuation in population?

Calculating the evolution of Largs’s population requires an examination of the population transformation over a decade, amounting to -3%, and the five-year adjustment at -1%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

What are the asking rates for houses for sale in the surrounding area of Largs?

In Largs, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is a house for sale in Largs an expensive choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Largs, the value is £111,005, 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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