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A guide on houses for sale in Millport

by | Nov 15, 2022

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

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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 Millport. 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 Millport 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 Millport will be revealed. Keep reading.

Other cities in different locations you can consider to buy property

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

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

Professional advice for houses for sale in Millport

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.

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

Is the housing market in Millport growing?

The growth of an area like Millport 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
Millport growth rate no relevant data for this city 55% 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 Millport if you want to find out the exact reasons for the housing change.

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Millport.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (East Ayrshire) as well as the broader region; Scotland.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Millport 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%

Also, you can compare other data to the table above such as the number of houses sold per month in Millport which is no relevant data for this city and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Millport is to invest in. Both in terms of rental yield and capital appreciation.

What kind of demographics does the city of Millport have?

Is the city of Millport deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Millport, 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 Millport, what is the social grade score?

In the city of Millport and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Millport has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is no relevant data for this city.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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

What is the education level like in Millport?

In Millport, the proportion of people who have a degree is no relevant data for this city. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Millport is no relevant data for this city.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

Is the crime rate bad in the city of Millport?

For the city of Millport, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

The city of Millport, situated in East Ayrshire, is a particularly impressive part of the UK because of the specific demographics of the location.

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

Have the people of Millport grown in numbers?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Millport is 1376.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Millport.

In Millport, how has the population changed over the last five years?

In the last five years, over time, the change in population size was -1%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Millport is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (-1%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Millport population difference over 10 years?

The population has adjusted in the area of Millport by -3% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Millport.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

How much green space is available to residents of Millport?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Millport, 101 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Millport.

Are the people in Millport earning a lot?

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 Millport. 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.

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

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

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

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Millport is the right area to buy a house in for you.

On average, in Millport, the asking price for a house for sale in the area is £95,842.

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 Millport. 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.

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 Millport.

  • 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.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Millport. In Millport, this sale price works out to be £88,068. As an example, a factor like population growth over the last 10 years which works out to be -3% in Millport and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) no relevant data for this city
Average sold price (semi-detached) no relevant data for this city
Average sold price (terraced) no relevant data for this city
Average sold price (flat) £75,597

Above, the exact type of house is also shown to vary in price in a table in Millport. 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 £1,320
Average sold price/sqft (new build) £1,150
Average sold price/sqft (old stock) £1,390

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 Millport which is £1,320. 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.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Millport?

Amidst the urban landscape of Millport, 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 (1376).

How many property sales occur per month in Millport?

In Millport, the monthly property transaction count reaches no relevant data for this city, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

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

To assess the shifts in Millport’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 -1%.

What is the asking price for houses for sale in the wider region of Millport?

The average cost per square foot for a house in Millport is presently £0.

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

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 Millport this number is £88,068 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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