As a landlord, whenever you are looking at houses for sale in East Dunbartonshire, you could find varying prices throughout an area like Milngavie. 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 Milngavie 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 Milngavie will be revealed. Keep reading.
What are the demographics like in the city of Milngavie?
In general, do people commit a lot of crime in Milngavie?
For the city of Milngavie, crime rate is at 1. So for every 1000 people in the area, 1 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.
How much do people in Milngavie earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is no relevant data for this city.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Milngavie this figure is no relevant data for this city.
In Milngavie, how educated are people in general?
In the city of Milngavie, no relevant data for this city people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Milngavie is no relevant data for this city.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Milngavie, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Milngavie if 13,612 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 Milngavie such as rental yield or house appreciation.
How has the population size of Milngavie adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Milngavie by 2%. 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 2% 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 Milngavie?
In the last decade, the population of Milngavie has been adjusted by 4%. 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.
Are the people of Milngavie deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Milngavie, in particular, the deprivation levels are no relevant data for this city.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much green space is available to residents of Milngavie?
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 Milngavie currently has 103.3 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 Milngavie in this case.
What is the social grade score of Milngavie?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Milngavie compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Milngavie, the percentage of people who work in the two highest skilled categories of this scale (A and B) is no relevant data for this city.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
The city of Milngavie, situated in East Dunbartonshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Milngavie 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 Milngavie. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Asking price in Milngavie for a house for sale
Average price of houses for sale in Milngavie
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£196,923|
|Average asking price (3 bed)||£298,348|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Milngavie is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Milngavie, the asking price for a house for sale in the area is £285,532.
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 Milngavie. 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.
What is the final sale price of a house in Milngavie?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Milngavie. In Milngavie, this sale price works out to be £265,615. As an example, a factor like population growth over the last 10 years which works out to be 4% in Milngavie and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£446,220|
|Average sold price (semi-detached)||£292,814|
|Average sold price (terraced)||£204,415|
|Average sold price (flat)||£172,619|
Above, the exact type of house is also shown to vary in price in a table in Milngavie. 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||£2,680|
|Average sold price/sqft (new build)||£2,790|
|Average sold price/sqft (old stock)||£2,610|
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 Milngavie which is £2,680. 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.
How are rental yields of the houses for sale different to the rest of the UK in Milngavie?
Are there more or fewer houses being built in Milngavie?
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 Milngavie at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Milngavie growth rate||-14%||3%||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 Milngavie 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 Milngavie.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Milngavie to East Dunbartonshire and the broader suburb of the UK; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Milngavie||no relevant data for this city||no relevant data for this city||no relevant data for this city||88.0%|
|East Dunbartonshire||4.70%||£734||no relevant data for this city||72.50%|
Let’s assume you want to sell the house you’re looking to buy in Milngavie for profit in the future, in this case, looking at the data for the number of houses sold per month in Milngavie would give you an idea of whether the area is actively getting new investors. This figure is 17.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Milngavie. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.