Whenever looking for a house for sale in the UK or in Belowda, 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 Belowda.
In this article, we will be looking at the city of Belowda in detail so you know how to navigate the area and have a better understanding on where to invest.
Asking price in Belowda for a house for sale
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Belowda is £302,348.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Belowda is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Belowda
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£234,804|
|Average asking price (3 bed)||£282,880|
|Average asking price (4 bed)||£453,830|
|Average asking price (5 bed)||no relevant data for this city|
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 Belowda is the right area to buy a house in for you.
In general, what do houses for sale sell for in Belowda?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Belowda. In Belowda, this sale price works out to be £219,194. As an example, a factor like population growth over the last 10 years which works out to be 8% in Belowda and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£292,286|
|Average sold price (semi-detached)||£174,371|
|Average sold price (terraced)||£152,576|
|Average sold price (flat)||£157,331|
Above, the exact type of house is also shown to vary in price in a table in Belowda. 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||£2,220|
|Average sold price/sqft (new build)||£1,940|
|Average sold price/sqft (old stock)||£2,130|
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 Belowda which is £2,220. 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.
What’s the rental yield in general for the city of Belowda?
Are there new houses being built in Belowda 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 Belowda at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Belowda growth rate||7%||32%||36%|
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 Belowda 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 Belowda.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Belowda. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Belowda.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Cornwall), a regional level (South West) and finally on the level of the city talked about in this article, Belowda.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Belowda||3.5%||£893||no relevant data for this city||10.0%|
You may also find it useful to compare the data above to the number of properties sold per month Belowda experiences. This figure for house sales per month is 19. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What kind of demographics does the city of Belowda have?
What’s a social grade score and how does it relate to Belowda?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Belowda in grades A or B which are the highest skilled roles in the country is 14%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £37,000 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 14%.
How much do people in Belowda earn?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£37,000 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 14% for Belowda.
In Belowda, how has the population changed?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Belowda is 26,581.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Belowda.
In Belowda, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Belowda is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Belowda population difference over 10 years?
The population has adjusted in the area of Belowda by 8% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Belowda.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Are the people of Belowda 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 28% for Belowda should give you a nice idea of the deprivation in the area.
In Belowda, what is the crime rate?
The crime rate of Belowda 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 56, 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 (56) is both useful and is recommended to be compared to the average.
In the city of Belowda, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Cornwall for example.
These demographics for Belowda may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Belowda in South West.
In the city of Belowda, is there a lot of green space?
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 Belowda currently has 19.2 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 Belowda in this case.
For the city of Belowda, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Belowda is 19%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Belowda is £37,000.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.