Muirhead might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of East Ayrshire.
Before looking for a house for sale in the city of Muirhead we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Muirhead.
What are the demographics like in the city of Muirhead?
In Muirhead, 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 Muirhead 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 Muirhead, 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.
Do the people of Muirhead get to enjoy green space?
In the city of Muirhead, there are 68.5 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Muirhead is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What is the city of Muirhead’s social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Muirhead in grades A or B which are the highest skilled roles in the country is no relevant data for this city. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, no relevant data for this city is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at no relevant data for this city.
In the city of Muirhead, has the population grown or shrunk?
In total, the number of people in Muirhead is 15,750. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Muirhead, depending on where exactly you are.
How has Muirhead changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Muirhead has changed by 0%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 0% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Muirhead?
0% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Muirhead have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In general, do people commit a lot of crime in Muirhead?
In Muirhead, for every 1000 people, there is currently a crime rate of 1. 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 (1 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.
Are the people of Muirhead deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Muirhead is no relevant data for this city.
Are the people in Muirhead earning a lot?
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 Muirhead, 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.
The city of Muirhead, 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 Muirhead 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 Muirhead. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Muirhead, what are the rental yields?
In Muirhead, how has the number of houses changed?
The growth of an area like Muirhead 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|
|Muirhead growth rate||9%||19%||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 Muirhead if you want to find out the exact reasons for the housing change.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Muirhead. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Muirhead.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (East Ayrshire), a regional level (Scotland) and finally on the level of the city talked about in this article, Muirhead.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Muirhead||no relevant data for this city||no relevant data for this city||no relevant data for this city||65.0%|
|East Ayrshire||4.95%||£547||no relevant data for this city||53.52%|
You may also find it useful to compare the data above to the number of properties sold per month Muirhead experiences. This figure for house sales per month is 25. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What are the asking prices for the houses for sale in the city of Muirhead?
Average price of houses for sale in Muirhead
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£129,338|
|Average asking price (3 bed)||£192,614|
|Average asking price (4 bed)||£332,775|
|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 Muirhead is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Muirhead, the asking price for a house for sale in the area is £200,139.
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 Muirhead. 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 Muirhead?
In Muirhead, houses for sale are sold at an average of £165,603. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Muirhead. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£289,159|
|Aerage sold price (semi-detached)||£159,231|
|Aerage sold price (terraced)||£122,254|
|Aerage sold price (flat)||£91,767|
As you can see above, for Muirhead, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 0% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,790|
|Aerage sold price/sqft (new build)||£1,540|
|Aerage sold price/sqft (old stock)||£1,780|
Looking at the second table about Muirhead, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Muirhead is £1,790.