As a landlord, whenever you are looking at houses for sale in Berkshire, you could find varying prices throughout an area like Colnbrook. 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 Colnbrook 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 Colnbrook will be revealed. Keep reading.
In general, for the city of Colnbrook, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Colnbrook, 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 Colnbrook.
Houses for sale, are sold on average in Colnbrook, after the influence of these factors, at £420,593 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 8% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£659,401|
|Aerage sold price (semi-detached)||£483,220|
|Aerage sold price (terraced)||£369,284|
|Aerage sold price (flat)||£245,087|
This table above shows the average sale price for each variation of houses for sale in Colnbrook.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,570|
|Aerage sold price/sqft (new build)||£4,640|
|Aerage sold price/sqft (old stock)||£4,540|
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 Colnbrook is £4,570.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
On average, what is the figure for the asking price of a house for sale in Colnbrook?
Table showing the asking prices for houses for sale in Colnbrook
|Average asking price (1 bed)||£224,806|
|Average asking price (2 bed)||£332,041|
|Average asking price (3 bed)||£527,426|
|Average asking price (4 bed)||£703,857|
|Average asking price (5 bed)||£985,882|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Colnbrook is the right area to buy a house in for you.
On average, in Colnbrook, the asking price for a house for sale in the area is £476,702.
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 Colnbrook. 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 are the demographics like in the city of Colnbrook?
What is the social grade score of Colnbrook?
In the city of Colnbrook, the social grade score of the area is 24%. 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 Colnbrook.
|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|
What’s the crime rate in Colnbrook?
Within Colnbrook, the number of people committing crimes is 111 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 111 figure carefully.
In Colnbrook, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Colnbrook if 45,187 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Colnbrook such as rental yield or house appreciation.
How has the population size of Colnbrook adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Colnbrook by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Colnbrook?
In the last decade, the population of Colnbrook has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
Are the people in Colnbrook earning a lot?
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 (24%). 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 Colnbrook, this works out to be £52,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Colnbrook important when buying a house?
In the city of Colnbrook, 29% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Colnbrook is £52,000.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Colnbrook within Berkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Colnbrook will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South East). 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 Colnbrook.
In the city of Colnbrook, is there a lot of green space?
Whether you view green space in Colnbrook as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Colnbrook, the number of acres of green space for every 1000 people currently is 45.5 which can be measured against the UK average of 1.7.
Are the people of Colnbrook 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 26% for Colnbrook should give you a nice idea of the deprivation in the area.
What’s the rental yield in general for the city of Colnbrook?
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 Colnbrook to Berkshire and the broader suburb of the UK; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Colnbrook for profit in the future, in this case, looking at the data for the number of houses sold per month in Colnbrook would give you an idea of whether the area is actively getting new investors. This figure is 23.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Colnbrook. 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.
What is the growth in the housing market of Colnbrook?
Before committing to Colnbrook 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|
|Colnbrook growth rate||4%||15%||12%|
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 Colnbrook is building housing to find your answer.