As a landlord, whenever you are looking at houses for sale in East Ayrshire, you could find varying prices throughout an area like Portencross. 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 Portencross 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 Portencross will be revealed. Keep reading.
In Portencross, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Portencross. In Portencross, this sale price works out to be £189,447. As an example, a factor like population growth over the last 10 years which works out to be -3% in Portencross and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£263,549|
|Average sold price (semi-detached)||£148,787|
|Average sold price (terraced)||£114,160|
|Average sold price (flat)||£82,785|
Above, the exact type of house is also shown to vary in price in a table in Portencross. 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||£1,540|
|Average sold price/sqft (new build)||£1,290|
|Average sold price/sqft (old stock)||£1,530|
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 Portencross which is £1,540. 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.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Portencross, examine this short list of cities below from outside of the region of Scotland for some inspiration.
- bacup in Scotland
- westley in Scotland
- ironville in Scotland
- stretford in Scotland
- sutton in Scotland
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Choose the right house for sale that suits your needs
When browsing houses for sale in Portencross you should think about lots of different criteria:
House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Always consider average rental yield when searching for houses for sale in Portencross
In Portencross, how has the number of houses changed?
Before committing to Portencross to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Portencross growth rate||no relevant data for this city||-17%||no relevant data for this city|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Portencross is building housing to find your answer.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Portencross, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Scotland. As well as East Ayrshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Portencross||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%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Portencross you might be interested in the number of sales per month (no relevant data for this city) that happen in the local housing market. Comparing this figure for Portencross with the above table gives you a good understanding of the profitability of the area.
Asking price in Portencross for a house for sale
Average prices for the houses for sale in Portencross
|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 Portencross, 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.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Portencross determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £224,863.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Portencross.
What are the people like in Portencross?
Are the deprivation levels of the UK any different to Portencross?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Portencross, 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.
Are the people in Portencross earning a lot?
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 Portencross this figure is no relevant data for this city.
What does the population of Portencross look like?
Population growth in Portencross is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Portencross, 5214 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Portencross in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Portencross, this change has been -1%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of -1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Portencross?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be -3% in Portencross.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Portencross, how educated are people in general?
In Portencross, 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 Portencross 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.
How much green space is available to residents of Portencross?
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 Portencross currently has 23 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 Portencross in this case.
Portencross within East Ayrshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Portencross 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 Portencross.
What is a social grade score and how does this relate to Portencross?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Portencross, the percentage of people in the two highest categories, A and B is no relevant data for this city. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is no relevant data for this city. This income will generally get bigger as the percentage of people in the A and B categories go up too (no relevant data for this city).
What’s the crime rate in Portencross?
The crime rate of Portencross must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of no relevant data for this city, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (no relevant data for this city) is both useful and is recommended to be compared to the average.
Advice from experts on properties for sale in Portencross
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
Are there opportunities for property renovation in Portencross?
Amidst the urban landscape of Portencross, 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 (5214).
How many property sales occur per month in Portencross?
In Portencross, 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.
What is the population change each year in a city like Portencross?
When evaluating the population trajectory of Portencross, explore the decade-spanning population shift of -3% and the five-year modification of population of -1%. By drawing comparisons, see if demographic changes in your chosen area is
How much are houses for sale priced at in the extended region of Portencross?
In Portencross, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Does opting for a house for sale in Portencross come with a hefty price tag?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Portencross, this value is £189,447, compared to the UK’s average of £286,500.