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Port Glasgow – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ Port Glasgow – What to look for in houses for sale?

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Port Glasgow 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 Renfrewshire.
Before looking for a house for sale in the city of Port Glasgow 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 Port Glasgow.

Invest in houses for sale in Port Glasgow 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

What are the people like in Port Glasgow?

Is there sufficient green space in Port Glasgow?

In the city of Port Glasgow, there are 25 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 Port Glasgow 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 education level like in Port Glasgow?

Interestingly, the percentage of people who have a degree in the city of Port Glasgow is no relevant data for this city. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Port Glasgow is no relevant data for this city.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

What is the city of Port Glasgow’s social grade score?

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 Port Glasgow 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 Port Glasgow, 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

Is the city of Port Glasgow deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of no relevant data for this city for Port Glasgow should give you a nice idea of the deprivation in the area.

In general, do people commit a lot of crime in Port Glasgow?

Within Port Glasgow, the number of people committing crimes is 100% 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 100% figure carefully.

Are the people in Port Glasgow 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 Port Glasgow. 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.

Port Glasgow in the county of East Renfrewshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Port Glasgow is located in; Scotland.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Port Glasgow, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

What does the population of Port Glasgow look like?

The city of Port Glasgow has a total population of 16188. 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 Port Glasgow 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 Port Glasgow

Over time, in the last five years, the population of the city of Port Glasgow has changed by -3%. 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 -3% 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 Port Glasgow?

In the last 10 years, there has been a shift in the population of -5%.

Comparing this to the 5 year figure of Port Glasgow 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.

Are you considering other cities with houses for sale?

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 Port Glasgow 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:

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 Port Glasgow, what are the final purchase prices for the houses for sale?

For the city of Port Glasgow, the average price a house sells for is £79,397. This value usually depends on the exact location of the house within Port Glasgow as well as other factors like the population growth which is -5% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £278,831
Aerage sold price (semi-detached) £82,554
Aerage sold price (terraced) £93,995
Aerage sold price (flat) £40,240

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Port Glasgow.

Housing category Sale price per square foot
Aerage sold price/sqft £960
Aerage sold price/sqft (new build) £1,050
Aerage sold price/sqft (old stock) £950

Generalising the bottom table, the average value per square foot of a house for sale is £960. This value averages all of the types of houses for sale in Port Glasgow. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Port Glasgow.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Port Glasgow.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

What is the asking price on average of houses for sale in Port Glasgow?

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 Port Glasgow is £142,480.

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 Port Glasgow is useful when negotiating and knowing what to expect for every type of house for sale.

The average asking price for the houses for sale in the city of Port Glasgow

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 Port Glasgow, 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.

In Port Glasgow, what are the rental yields?

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 Port Glasgow.

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 Renfrewshire) as well as the broader region; Scotland.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Port Glasgow no relevant data for this city no relevant data for this city no relevant data for this city £1
East Renfrewshire no relevant data for this city no relevant data for this city no relevant data for this city 97.83%
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 Port Glasgow 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 Port Glasgow is to invest in. Both in terms of rental yield and capital appreciation.

Are there new houses being built in Port Glasgow to make it grow?

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 Port Glasgow that shows the growth in recent years.

1 year 3 years 5 years
Port Glasgow growth rate -37% 5% 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 Port Glasgow is important.

Frequently Asked Questions

Do properties in Port Glasgow have the potential for renovation?

Port Glasgow is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are no relevant data for this city each month, attaining a success rate of no relevant data for this city and a total population of 16188. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

In Port Glasgow, how many property sales per month are there?

no relevant data for this city property transactions are reported in Port Glasgow each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Port Glasgow?

Calculating the evolution of Port Glasgow’s population requires an examination of the population transformation over a decade, amounting to -5%, and the five-year adjustment at -3%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

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

The current average price per square foot for a house in Port Glasgow stands at £0, considering the mean cost for each square foot of houses for sale there.

Is investing in a house for sale in Port Glasgow a financially demanding choice?

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 Port Glasgow this number is £79,397 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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