Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Newbigging, Angus.
From the average asking price of houses for sale in Newbigging to the growth of the population in the area, all will be talked about regarding the city of Newbigging. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Newbigging, what are the demographics like?
Are the people of Newbigging deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Newbigging, 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.
Newbigging within Angus is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Newbigging will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Scotland). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Newbigging.
How much do people in Newbigging 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 Newbigging this figure is no relevant data for this city.
What is the education level like in Newbigging?
In Newbigging, 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 Newbigging 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.
In Newbigging, what is the social grade score?
In the city of Newbigging, 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 Newbigging.
|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|
In general, do people commit a lot of crime in Newbigging?
Within Newbigging, the number of people committing crimes is no relevant data for this city 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 no relevant data for this city figure carefully.
What does the population of Newbigging look like?
The city of Newbigging has a total population of 1,947. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Newbigging is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Newbigging
Over time, in the last five years, the population of the city of Newbigging has changed by 0%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 0% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Newbigging?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of Newbigging can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
Is there sufficient green space in Newbigging?
In the city of Newbigging, there are 15.7 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 Newbigging is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Newbigging, what are the rental yields?
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 Newbigging to Angus and the broader suburb of the UK; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Newbigging||no relevant data for this city||no relevant data for this city||no relevant data for this city||43.0%|
|Angus||6.47%||£671||no relevant data for this city||109.00%|
Let’s assume you want to sell the house you’re looking to buy in Newbigging for profit in the future, in this case, looking at the data for the number of houses sold per month in Newbigging would give you an idea of whether the area is actively getting new investors. This figure is 3.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Newbigging. 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.
Is the housing market in Newbigging growing?
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 Newbigging that shows the growth in recent years.
|1 year||3 years||5 years|
|Newbigging growth rate||no relevant data for this city||34%||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 Newbigging is important.
What are the asking prices for the houses for sale in the city of Newbigging?
Average asking prices for houses for sale in Newbigging
|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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Newbigging and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
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 Newbigging is no relevant data for this city.
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 Newbigging is useful when negotiating and knowing what to expect for every type of house for sale.
In Newbigging, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Newbigging, 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 Newbigging.
Houses for sale, are sold on average in Newbigging, after the influence of these factors, at £179,570 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 2% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£230,582|
|Aerage sold price (semi-detached)||no relevant data for this city|
|Aerage sold price (terraced)||£118,458|
|Aerage sold price (flat)||no relevant data for this city|
This table above shows the average sale price for each variation of houses for sale in Newbigging.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,810|
|Aerage sold price/sqft (new build)||£1,750|
|Aerage sold price/sqft (old stock)||£1,900|
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 Newbigging is £1,810.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.