How much will you pay for a house for sale in Cowes?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much will you pay for a house for sale in Cowes?

Cowes can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Cowes.

On top of this, keep reading for detailed information on the demographics of Cowes in Isle of Wight. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

Why you should consider the average rental yield when searching for houses for sale in Cowes

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.

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 in to all the details of Cowes.

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 (Isle of Wight) as well as the broader region; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Cowes 3.2% £950 no relevant data for this city 15.0%
Isle of Wight 3.34% £898 140.00% 14.33%
South East 3.58% £1,301 127.50% 16.69%

Also, you can compare other data to the table above such as the number of houses sold per month in Cowes which is 22 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 Cowes is to invest in. Both in terms of rental yield and capital appreciation.

What is the growth in the housing market of Cowes?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Cowes at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Cowes growth rate 5% 22% 25%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Cowes gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Cowes.

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

Average asking prices for houses for sale in Cowes

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £223,964
Average asking price (3 bed) £305,657
Average asking price (4 bed) £645,526
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Cowes is £0. This should show you the general prices overall and for individual types of houses too.

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 Cowes 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 £302,940.

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 Cowes.

What are the people like in Cowes?

In the city of Cowes, how much green space remains for residents?

Whether you view green space in Cowes 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 Cowes, the number of acres of green space for every 1000 people currently is 12.6 which can be measured against the UK average of 1.7.

Cowes in the county of Isle of Wight 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 Cowes is located in; South East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Cowes, 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.

How much do people in Cowes 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 (21%). 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 Cowes, this works out to be £40,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

For the city of Cowes, what is the education level?

In Cowes, the proportion of people who have a degree is 25%. 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 Cowes is £40,600.

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.

Is the crime rate bad in the city of Cowes?

For the city of Cowes, crime rate is at 66. So for every 1000 people in the area, 66 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

What is the city of Cowes’s social grade score?

In the city of Cowes, the social grade score of the area is 21%. 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 Cowes.

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

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

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Cowes, in particular, the deprivation levels are 23%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

Have the people of Cowes grown in numbers?

The city of Cowes has a total population of 22,551. 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 Cowes 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 Cowes

Over time, in the last five years, the population of the city of Cowes has changed by 2%. 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 2% 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 Cowes?

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

Comparing this to the 5 year figure of Cowes 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.

In general, what do houses for sale sell for in Cowes?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Cowes. In Cowes, this sale price works out to be £224,212. As an example, a factor like population growth over the last 10 years which works out to be 3% in Cowes and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £309,890
Average sold price (semi-detached) £217,257
Average sold price (terraced) £184,926
Average sold price (flat) £160,335

Above, the exact type of house is also shown to vary in price in a table in Cowes. 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 £2,565
Average sold price/sqft (new build) £2,735
Average sold price/sqft (old stock) £2,410

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 Cowes which is £2,565. 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.