What is it like buying a house in Crabtree?

by | Nov 15, 2022

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Whenever looking for a house for sale in the UK or in Crabtree, 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 Crabtree.

In this article, we will be looking at the city of Crabtree in detail so you know how to navigate the area and have a better understanding on where to invest.

In Crabtree, what is the asking price in general for a house for sale?

When investors make offers for houses for sale in Crabtree, the average price asked by the homeowners works out to be £267,857.

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 Crabtree 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.

Average asking prices for houses for sale in Crabtree

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £187,258
Average asking price (3 bed) £276,121
Average asking price (4 bed) £368,542
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Crabtree, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £2,370 will help them to have a more wholistic understanding.

What are the demographics like in the city of Crabtree?

How educated are the people in Crabtree?

In the city of Crabtree, 26% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.

Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Crabtree is £42,700.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

In Crabtree, what is the social grade score?

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 Crabtree, the percentage of people in the two highest categories, A and B is 23%. 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 £42,700. This income will generally get bigger as the percentage of people in the A and B categories go up too (23%).

What’s crime like in Crabtree?

For the city of Crabtree, crime rate is at 65. So for every 1000 people in the area, 65 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

In Crabtree, how has the population changed?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Crabtree if 30,861 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 Crabtree such as rental yield or house appreciation.

How has the population size of Crabtree adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Crabtree by 1%. 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 1% 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 Crabtree?

In the last decade, the population of Crabtree has been adjusted by 3%. 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.

Are the people in Crabtree earning a lot?

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 £42,700.

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 Crabtree this figure is 23%.

Is there sufficient green space in Crabtree?

In the city of Crabtree, there are 20.4 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Crabtree is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Crabtree 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, Crabtree 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 Crabtree.

In Crabtree, what are the deprivation levels like?

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 24% for Crabtree should give you a nice idea of the deprivation in the area.

Why you should consider the average rental yield when searching for houses for sale in Crabtree

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Crabtree, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Devon, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Crabtree 3.8% £841 140% 26.0%
Devon 3.48% £949 131.12% 16.20%
South West 3.57% £1,079 132.66% 17.35%

Assuming that in the future you want to re-sell the house you will eventually purchased in Crabtree you might be interested in the number of sales per month (27) that happen in the local housing market. Comparing this figure for Crabtree with the above table gives you a good understanding of the profitability of the area.

In Crabtree, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Crabtree, 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
Crabtree growth rate 2% 16% 26%

As the population of Crabtree 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.

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

In Crabtree, the average sale price of a house for sale is in fact £216,098. This is dependent on the 10 year population growth of Crabtree being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Crabtree.

Housing category Total final sale price
Aerage sold price (detached) £346,434
Aerage sold price (semi-detached) £223,637
Aerage sold price (terraced) £201,273
Aerage sold price (flat) £123,337

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 Crabtree.

Housing category Sale price per square foot
Aerage sold price/sqft £2,050
Aerage sold price/sqft (new build) £3,110
Aerage sold price/sqft (old stock) £1,970

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 £2,210. This means if you are just looking out the houses sold in Crabtree in general and didn’t take into consideration the type of build. For example, a new build.