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Saltcoats – What to look for in houses for sale?

by | Nov 15, 2022

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

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As a landlord, whenever you are looking at houses for sale in East Ayrshire, you could find varying prices throughout an area like Saltcoats. 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 Saltcoats 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 Saltcoats will be revealed. Keep reading.

Professional advice for houses for sale in Saltcoats

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

Invest in a house for sale that meets your demands

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Saltcoats

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

  • 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 Saltcoats

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 Saltcoats, 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)
Saltcoats 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%
Scotland 0.05 871.42 £1 59.40%

Assuming that in the future you want to re-sell the house you will eventually purchased in Saltcoats 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 Saltcoats with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of Saltcoats?

Before committing to Saltcoats 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
Saltcoats growth rate -12% 12% 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 Saltcoats is building housing to find your answer.

Are there any important statistics about the population of Saltcoats?

Are the deprivation levels of the UK any different to Saltcoats?

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 Saltcoats should give you a nice idea of the deprivation in the area.

In the city of Saltcoats, has the population grown or shrunk?

The city of Saltcoats has a total population of 12744. 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 Saltcoats 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 Saltcoats

Over time, in the last five years, the population of the city of Saltcoats has changed by -1%. 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 -1% 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 Saltcoats?

In the last 10 years, there has been a shift in the population of -3%.

Comparing this to the 5 year figure of Saltcoats 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.

What’s the crime rate in Saltcoats?

The crime rate of Saltcoats 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 100%, 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 (100%) is both useful and is recommended to be compared to the average.

How much do people in Saltcoats earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (no relevant data for this city). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Saltcoats, this works out to be no relevant data for this city. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

What is a social grade score and how does this relate to Saltcoats?

In the city of Saltcoats, 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 Saltcoats.

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 there sufficient green space in Saltcoats?

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 Saltcoats currently has 18 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 Saltcoats in this case.

Saltcoats 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, Saltcoats 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 Saltcoats.

Is the education level of Saltcoats important when buying a house?

In the city of Saltcoats, no relevant data for this city of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Saltcoats is no relevant data for this city. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

In general, for the city of Saltcoats, what are the final purchase prices for the houses for sale?

In Saltcoats, houses for sale are sold at an average of £88,165. 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 Saltcoats. 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) £192,544
Aerage sold price (semi-detached) £118,797
Aerage sold price (terraced) £82,638
Aerage sold price (flat) £53,793

As you can see above, for Saltcoats, 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 -3% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £990
Aerage sold price/sqft (new build) £820
Aerage sold price/sqft (old stock) £1,020

Looking at the second table about Saltcoats, 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 Saltcoats is £990.

Asking price in Saltcoats for a house for sale

When investors make offers for houses for sale in Saltcoats, the average price asked by the homeowners works out to be £115,578.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Saltcoats is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

The average asking price for the houses for sale in the city of Saltcoats

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £74,374
Average asking price (3 bed) £140,974
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 Saltcoats 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.

Thinking of a different city and perhaps a different location?

If you are looking for similar places to buy a house that are just like Saltcoats, examine this short list of cities below from outside of the region of Scotland for some inspiration.

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.

Frequently Asked Questions (FAQ)

Do properties in Saltcoats have the potential for renovation?

Amidst the urban landscape of Saltcoats, 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 (12744).

In Saltcoats, how many property sales per month are there?

In the city of Saltcoats, there are no relevant data for this city and in the total for the UK, there are around 1.1 million property sales.

What’s the annual population shift in a city such as Saltcoats?

To assess the shifts in Saltcoats’s population over time, analyse how the population has altered. Look at the ten year change of population of -3%, alongside the five-year change of -1%.

How much are houses for sale priced at in the extended region of Saltcoats?

Currently, the mean asking price of a house in Saltcoats is £0, calculated using the average value per square foot

Is investing in a house for sale in Saltcoats a financially demanding choice?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Saltcoats, this stands at £88,165, whereas the UK’s mean is £286,500.

Buying a Home? Find Top-Rated Estate Agents in Saltcoats

If you’re purchasing property in Saltcoats? The right estate agent can make all the difference in guiding you through the home buying process. We understand how stressful and time-consuming finding an agent can be so we’ve compiled a list of the highest-rated real estate agencies in the area below. Our goal is to simplify your search and take you straight to reputable agents equipped to help buy your ideal home.

Name of the Agent Phone Number Address Email Address
Move 2 Ayrshire 441294420996 25 Hamilton Street, Saltcoats, KA21 5DT Phone number only
Taylor & Henderson 441294420335 51, Hamilton Street, Saltcoats, KA21 5DX Phone number only
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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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