As a landlord, whenever you are looking at houses for sale in Cornwall, you could find varying prices throughout an area like Bossiney. 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 Bossiney 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 Bossiney will be revealed. Keep reading.
What are the people like in Bossiney?
What’s the crime rate in Bossiney?
In Bossiney, for every 1000 people, there is currently a crime rate of 51. 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 (51 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.
Is the city of Bossiney deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bossiney, currently, 28% 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.
In the city of Bossiney, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bossiney if 1,755 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bossiney such as rental yield or house appreciation.
How has the population size of Bossiney adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Bossiney by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Bossiney?
In the last decade, the population of Bossiney has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In the city of Bossiney, 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 Bossiney 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 Bossiney in South West.
In Bossiney, how educated are people in general?
In Bossiney, the proportion of people who have a degree is 20%. 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 Bossiney is £33,400.
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.
What is the social grade score of Bossiney?
In the city of Bossiney, the social grade score of the area is 15%. 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 Bossiney.
|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|
How much are those living in Bossiney earning?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £33,400.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bossiney this figure is 15%.
Is there sufficient green space in Bossiney?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Bossiney, 9.0 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Bossiney.
Always consider average rental yield when searching for houses for sale in Bossiney
In Bossiney, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Bossiney, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Bossiney growth rate||no relevant data for this city||no relevant data for this city||no relevant data for this city|
As the population of Bossiney grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Bossiney.
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)|
|Bossiney||no relevant data for this city||no relevant data for this city||no relevant data for this city||7.0%|
Also, you can compare other data to the table above such as the number of houses sold per month in Bossiney which is 2 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 Bossiney is to invest in. Both in terms of rental yield and capital appreciation.
What is the final sale price of a house in Bossiney?
For the city of Bossiney, the average price a house sells for is £290,525. This value usually depends on the exact location of the house within Bossiney as well as other factors like the population growth in Bossiney which is 8% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£343,404|
|Aerage sold price (semi-detached)||£264,159|
|Aerage sold price (terraced)||£202,531|
|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 Bossiney.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,810|
|Aerage sold price/sqft (new build)||£0|
|Aerage sold price/sqft (old stock)||£2,590|
Generalising the bottom table, the average value per square foot of a house for sale is £2,810. This value averages all of the types of houses for sale in Bossiney. 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 Bossiney.
Asking price in Bossiney for a house for sale
The average asking price for the houses for sale in the city of Bossiney
|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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bossiney and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
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 Bossiney 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 £456,383.
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 Bossiney.
Who can help you buy a house for sale in Bossiney?
Other cities you can consider looking for with houses for sale
We have prepared a list of cities in South West, the same UK region of Bossiney that can help you evaluate the different houses for sale listed in the region:
- Doniford in South West
- Swindon in South West
- Badgeworth in South West
- Blunts in South West
- Barripper in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Bossiney.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.