As a landlord, whenever you are looking at houses for sale in Devon, you could find varying prices throughout an area like Budleigh Salterton. 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 Budleigh Salterton 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 Budleigh Salterton will be revealed. Keep reading.
In Budleigh Salterton, what are the rental yields?
In Budleigh Salterton, how has the number of houses changed?
Before committing to Budleigh Salterton to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Budleigh Salterton growth rate||4%||16%||22%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Budleigh Salterton is building housing to find your answer.
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 Budleigh Salterton. 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 Budleigh Salterton.
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 (Devon), a regional level (South West) and finally on the level of the city talked about in this article, Budleigh Salterton.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Budleigh Salterton||no relevant data for this city||no relevant data for this city||no relevant data for this city||9.0%|
You may also find it useful to compare the data above to the number of properties sold per month Budleigh Salterton experiences. This figure for house sales per month is 4. 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 is the final sale price of a house in Budleigh Salterton?
For the city of Budleigh Salterton, the average price a house sells for is £382,454. This value usually depends on the exact location of the house within Budleigh Salterton as well as other factors like the population growth in Budleigh Salterton which is 12% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£584,492|
|Aerage sold price (semi-detached)||£362,344|
|Aerage sold price (terraced)||£266,130|
|Aerage sold price (flat)||£244,333|
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 Budleigh Salterton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,320|
|Aerage sold price/sqft (new build)||£3,220|
|Aerage sold price/sqft (old stock)||£3,220|
Generalising the bottom table, the average value per square foot of a house for sale is £3,320. This value averages all of the types of houses for sale in Budleigh Salterton. 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 Budleigh Salterton.
Asking price in Budleigh Salterton for a house for sale
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 Budleigh Salterton 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 £497,953.
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 Budleigh Salterton.
In the city of Budleigh Salterton, 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)||£332,000|
|Average asking price (3 bed)||£459,703|
|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 Budleigh Salterton 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.
What kind of demographics does the city of Budleigh Salterton have?
Is the city of Budleigh Salterton deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Budleigh Salterton, currently, 18% 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.
Budleigh Salterton within Devon is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Budleigh Salterton 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 Budleigh Salterton.
In general, do people commit a lot of crime in Budleigh Salterton?
For every one thousand people living in Budleigh Salterton, 33 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 33 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
For the city of Budleigh Salterton, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Budleigh Salterton is 39%. 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 Budleigh Salterton is £41,400.
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.
Are the people in Budleigh Salterton earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (29%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Budleigh Salterton, this works out to be £41,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the city of Budleigh Salterton’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 Budleigh Salterton in grades A or B which are the highest skilled roles in the country is 29%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £41,400 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 29%.
In the city of Budleigh Salterton, 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 Budleigh Salterton is 6,834.
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 Budleigh Salterton.
In Budleigh Salterton, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 7%. 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 Budleigh Salterton 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 (7%) 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.
Budleigh Salterton population difference over 10 years?
The population has adjusted in the area of Budleigh Salterton by 12% 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 Budleigh Salterton.
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.
Do the people of Budleigh Salterton get to enjoy green space?
Whether you view green space in Budleigh Salterton 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 Budleigh Salterton, the number of acres of green space for every 1000 people currently is 41.7 which can be measured against the UK average of 1.7.