- 1 We help you find the right agent
- 2 What’s the rental yield in general for the city of Millikenpark?
- 3 What are the demographics like in the city of Millikenpark?
- 4 Invest in houses for sale in Millikenpark with the right professional advice
- 5 On average, what is the figure for the asking price of a house for sale in Millikenpark?
- 6 Invest in a house for sale that meets your demands
- 7 houses for sale in other cities and regions in the UK
- 8 In general, for the city of Millikenpark, what are the final purchase prices for the houses for sale?
- 9 FAQ
As a landlord, whenever you are looking at houses for sale in East Renfrewshire, you could find varying prices throughout an area like Millikenpark. 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 Millikenpark 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 Millikenpark will be revealed. Keep reading.
What’s the rental yield in general for the city of Millikenpark?
What is the growth in the housing market of Millikenpark?
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 Millikenpark that shows the growth in recent years.
|1 year||3 years||5 years|
|Millikenpark growth rate||no relevant data for this city||23%||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 Millikenpark is important.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Millikenpark, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
What are the demographics like in the city of Millikenpark?
For the city of Millikenpark, what is the education level?
In the city of Millikenpark, 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 Millikenpark 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 general, do people commit a lot of crime in Millikenpark?
In Millikenpark, for every 1000 people, there is currently a crime rate of 100%. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (100% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
How deprived is the population of Millikenpark?
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 Millikenpark 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.
In the city of Millikenpark, 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 Millikenpark if 3846 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 Millikenpark such as rental yield or house appreciation.
How has the population size of Millikenpark adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Millikenpark by 3%. 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 3% 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 Millikenpark?
In the last decade, the population of Millikenpark has been adjusted by 3%. 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.
How much do people in Millikenpark 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 Millikenpark. 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’s a social grade score and how does it relate to Millikenpark?
In the city of Millikenpark, 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 Millikenpark.
|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|
Do the people of Millikenpark 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 Millikenpark, the city has 24 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 Millikenpark.
The city of Millikenpark, situated in East Renfrewshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Millikenpark 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 Millikenpark. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Invest in houses for sale in Millikenpark with the right professional advice
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
On average, what is the figure for the asking price of a house for sale in Millikenpark?
On average, in Millikenpark, the asking price for a house for sale in the area is £181,454.
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 Millikenpark. 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.
Average prices for the houses for sale in Millikenpark
|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|
After looking at this table about prices of houses for sale in Millikenpark, 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.
Invest in a house for sale that meets your demands
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Millikenpark.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
houses for sale in other cities and regions in the UK
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 Millikenpark 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:
- droylsden in Scotland
- barkestone-le-vale in Scotland
- knowsley in Scotland
- greasby in Scotland
- barnet 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.
In general, for the city of Millikenpark, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Millikenpark. In Millikenpark, this sale price works out to be £161,111. As an example, a factor like population growth over the last 10 years which works out to be 3% in Millikenpark and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£280,800|
|Average sold price (semi-detached)||£189,278|
|Average sold price (terraced)||£170,689|
|Average sold price (flat)||£81,378|
Above, the exact type of house is also shown to vary in price in a table in Millikenpark. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£1,650|
|Average sold price/sqft (new build)||£1,770|
|Average sold price/sqft (old stock)||£1,610|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Millikenpark which is £1,650. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Are there opportunities for property renovation in Millikenpark?
Properties in the city of Millikenpark may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are no relevant data for this city approvals every month with an approval of nan based on a population of 3846. Compare other places in the UK to make this figure make more sense.
In Millikenpark, how many property sales per month are there?
In the city of Millikenpark, there are no relevant data for this city and in the total for the UK, there are around 1.1 million property sales.
What is the population change each year in a city like Millikenpark?
To assess the shifts in Millikenpark’s population over time, analyse how the population has altered. Look at the ten year change of population of 3%, alongside the five-year change of 3%.
How much are houses for sale priced at in the extended region of Millikenpark?
The current average price per square foot for a house in Millikenpark stands at £0, considering the mean cost for each square foot of houses for sale there.
Is a house for sale in Millikenpark an expensive choice?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Millikenpark, this value is £161,111, compared to the UK’s average of £286,500.