Whenever looking for a house for sale in the UK or in Bishopsteignton, it is vital you look at the market trends and house price fluctuations in the wider area of Devon 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 Bishopsteignton.
In this article, we will be looking at the city of Bishopsteignton in detail so you know how to navigate the area and have a better understanding on where to invest.
In Bishopsteignton, what is the asking price in general for a house for sale?
In the city of Bishopsteignton, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£164,327|
|Average asking price (2 bed)||£274,756|
|Average asking price (3 bed)||£425,583|
|Average asking price (4 bed)||£511,897|
|Average asking price (5 bed)||£634,000|
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 Bishopsteignton is the right area to buy a house in for you.
When investors make offers for houses for sale in Bishopsteignton, the average price asked by the homeowners works out to be £361,312.
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 Bishopsteignton 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.
In general, for the city of Bishopsteignton, what are the final purchase prices for the houses for sale?
In Bishopsteignton, the average sale price of a house for sale is in fact £288,144. This is dependent on the 10 year population growth of Bishopsteignton being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bishopsteignton.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£390,592|
|Aerage sold price (semi-detached)||£271,395|
|Aerage sold price (terraced)||£226,369|
|Aerage sold price (flat)||£167,651|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Bishopsteignton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,860|
|Aerage sold price/sqft (new build)||£3,140|
|Aerage sold price/sqft (old stock)||£2,750|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £2,860. This means if you are just looking out the houses sold in Bishopsteignton in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Bishopsteignton?
In the city of Bishopsteignton, has the population grown or shrunk?
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 Bishopsteignton is 19,361.
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 Bishopsteignton.
In Bishopsteignton, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 5%. 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 Bishopsteignton 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 (5%) 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.
Bishopsteignton population difference over 10 years?
The population has adjusted in the area of Bishopsteignton by 9% 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 Bishopsteignton.
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.
In Bishopsteignton, how educated are people in general?
In Bishopsteignton, the proportion of people who have a degree is 28%. 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 Bishopsteignton is £38,700.
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.
Are the deprivation levels of the UK any different to Bishopsteignton?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bishopsteignton, currently, 23% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What salary does the community in Bishopsteignton take home?
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.
£38,700 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 22% for Bishopsteignton.
Is the crime rate bad in the city of Bishopsteignton?
Within Bishopsteignton, the number of people committing crimes is 46 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 46 figure carefully.
Bishopsteignton in the county of Devon 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 Bishopsteignton is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bishopsteignton, 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.
In the city of Bishopsteignton, is there a lot of green space?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bishopsteignton, the city has 14.3 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bishopsteignton.
What is a social grade score and how does this relate to Bishopsteignton?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bishopsteignton, the percentage of people in the two highest categories, A and B is 22%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £38,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (22%).
Always consider average rental yield when searching for houses for sale in Bishopsteignton
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 Bishopsteignton to Devon and the broader suburb of the UK; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Bishopsteignton for profit in the future, in this case, looking at the data for the number of houses sold per month in Bishopsteignton would give you an idea of whether the area is actively getting new investors. This figure is 25.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bishopsteignton. 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.
Is the housing market in Bishopsteignton growing?
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 Bishopsteignton at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bishopsteignton growth rate||no relevant data for this city||19%||20%|
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 Bishopsteignton 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 Bishopsteignton.
Who can help you buy a house for sale in Bishopsteignton?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
House for sale in the same UK region
We have prepared a list of cities in South West, the same UK region of Bishopsteignton that can help you evaluate the different houses for sale listed in the region:
- Cam in South West
- Chilsworthy in South West
- Barton-End in South West
- Battleton in South West
- Blackford in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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 Bishopsteignton
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.