Whenever looking for a house for sale in the UK or in Baldhu, it is vital you look at the market trends and house price fluctuations in the wider area of Cornwall too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Baldhu.
In this article, we will be looking at the city of Baldhu in detail so you know how to navigate the area and have a better understanding on where to invest.
In Baldhu, 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 Baldhu. In Baldhu, this sale price works out to be £348,147. As an example, a factor like population growth over the last 10 years which works out to be 8% in Baldhu and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£414,259|
|Average sold price (semi-detached)||£250,840|
|Average sold price (terraced)||£240,831|
|Average sold price (flat)||£188,043|
Above, the exact type of house is also shown to vary in price in a table in Baldhu. 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||£3,100|
|Average sold price/sqft (new build)||£2,440|
|Average sold price/sqft (old stock)||£2,990|
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 Baldhu which is £3,100. 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.
In Baldhu, 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.
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 Baldhu.
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 (Cornwall) as well as the broader region; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Baldhu||no relevant data for this city||no relevant data for this city||no relevant data for this city||8.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Baldhu which is 6 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 Baldhu is to invest in. Both in terms of rental yield and capital appreciation.
Are there new houses being built in Baldhu to make it grow?
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 Baldhu at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Baldhu growth rate||9%||28%||35%|
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 Baldhu 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 Baldhu.
What kind of demographics does the city of Baldhu have?
Baldhu within Cornwall is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Baldhu will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). 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 Baldhu.
How much do people in Baldhu earn?
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 Baldhu. Compare the area’s average household income of £42,600 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 31% for more conclusive data on the affluence of the area.
How deprived is the population of Baldhu?
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 Baldhu, in particular, the deprivation levels are 18%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Baldhu, how educated are people in general?
In the city of Baldhu, 36% 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 Baldhu is £42,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s crime like in Baldhu?
For the city of Baldhu, crime rate is at 28. So for every 1000 people in the area, 28 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 social grade score of Baldhu?
In the city of Baldhu, the social grade score of the area is 31%. 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 Baldhu.
|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|
In Baldhu, how has the population changed?
Population growth in Baldhu 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 Baldhu, 12,212 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 Baldhu 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 Baldhu, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Baldhu?
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 8% in Baldhu.
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 the city of Baldhu, how much green space remains for residents?
In the city of Baldhu, there are 17.5 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 Baldhu is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Asking price in Baldhu for a house for sale
When investors make offers for houses for sale in Baldhu, the average price asked by the homeowners works out to be £471,676.
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 Baldhu 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.
Average asking prices for houses for sale in Baldhu
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£283,769|
|Average asking price (3 bed)||£402,188|
|Average asking price (4 bed)||£753,807|
|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 Baldhu is £0. This should show you the general prices overall and for individual types of houses too.