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How much does a house for sale cost in Boscastle?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ How much does a house for sale cost in Boscastle?

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As a landlord, whenever you are looking at houses for sale in Cornwall, you could find varying prices throughout an area like Boscastle. 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 Boscastle 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 Boscastle will be revealed. Keep reading.

Invest in a house for sale that meets your demands

When browsing houses for sale in Boscastle you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

Are there any important statistics about the population of Boscastle?

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

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 Boscastle in grades A or B which are the highest skilled roles in the country is 0.21.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £33,400.00 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 0.21.

In the city of Boscastle, is there a lot of green space?

Whether you view green space in Boscastle 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 Boscastle, the number of acres of green space for every 1000 people currently is 6 which can be measured against the UK average of 1.7.

Are the people of Boscastle deprived?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Boscastle is £0.

The city of Boscastle, situated in Cornwall, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Boscastle and its demographics will be compared to its wider location (South West). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Boscastle. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much do people in Boscastle 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 Boscastle. Compare the area’s average household income of £33,400.00 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 0.21 for more conclusive data on the affluence of the area.

What is the education level like in Boscastle?

Interestingly, the percentage of people who have a degree in the city of Boscastle is 26%. 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 Boscastle is £33,400.00.

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.

What is the population of Boscastle?

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 Boscastle is 939.

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 Boscastle.

In Boscastle, 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 Boscastle 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.

Boscastle population difference over 10 years?

The population has adjusted in the area of Boscastle 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 Boscastle.

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.

What’s the crime rate in Boscastle?

In Boscastle, for every 1000 people, there is currently a crime rate of 27. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (27 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What’s the rental yield in general for the city of Boscastle?

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Boscastle this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Cornwall then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Boscastle.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Boscastle no relevant data for this city no relevant data for this city no relevant data for this city no relevant data for this city
Cornwall 3.46% £950.00 116.50% 13.34%
South West 0.04 1,078.69 £1 17.35%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Boscastle.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (nan) will be useful.

What is the growth in the housing market of Boscastle?

The growth of an area like Boscastle can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Boscastle growth rate no relevant data for this city no relevant data for this city no relevant data for this city

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Boscastle if you want to find out the exact reasons for the housing change.

Asking price in Boscastle for a house for sale

When investors make offers for houses for sale in Boscastle, the average price asked by the homeowners works out to be £406,495.

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 Boscastle 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 the city of Boscastle, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
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, the average asking price for the house for sale in the whole of Boscastle is £0. This should show you the general prices overall and for individual types of houses too.

House for sale in a different UK region

Below is a list of towns that differ from Boscastle.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

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

For the city of Boscastle, the average price a house sells for is £309,432. This value usually depends on the exact location of the house within Boscastle as well as other factors like the population growth which is 8% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £378,465
Aerage sold price (semi-detached) £272,354
Aerage sold price (terraced) £247,224
Aerage sold price (flat) no relevant data for this city

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Boscastle.

Housing category Sale price per square foot
Aerage sold price/sqft £2,950
Aerage sold price/sqft (new build) £1,990
Aerage sold price/sqft (old stock) £2,750

Generalising the bottom table, the average value per square foot of a house for sale is £2,950. This value averages all of the types of houses for sale in Boscastle. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Boscastle.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Professional advice for houses for sale in Boscastle

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

FAQ (Frequently Asked Questions)

Are there opportunities for property renovation in Boscastle?

Properties in the city of Boscastle may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 2 approvals every month with an approval of nan based on a population of 939. Compare other places in the UK to make this figure make more sense.

What is the monthly count of property transactions in Boscastle?

Boscastle boasts a monthly total of nan property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

What’s the year-over-year population change in Boscastle or similar cities?

Calculating the evolution of Boscastle’s population requires an examination of the population transformation over a decade, amounting to 8%, and the five-year adjustment at 4%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

How much are houses for sale priced at in the extended region of Boscastle?

Currently, the mean asking price of a house in Boscastle is £0, calculated using the average value per square foot

Would acquiring a house for sale in Boscastle be regarded as a high-priced option?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Boscastle, the value is £309,432, whereas the UK’s mean is £286,500

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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