A guide on houses for sale in Crafthole

by | Nov 15, 2022

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Crafthole, Cornwall.

From the average asking price of houses for sale in Crafthole to the growth of the population in the area, all will be talked about regarding the city of Crafthole. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

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

In Crafthole, the average sale price of a house for sale is in fact £200,212. This is dependent on the 10 year population growth of Crafthole being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Crafthole.

Housing category Total final sale price
Aerage sold price (detached) £343,370
Aerage sold price (semi-detached) £198,276
Aerage sold price (terraced) £163,698
Aerage sold price (flat) £116,165

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 Crafthole.

Housing category Sale price per square foot
Aerage sold price/sqft £2,200
Aerage sold price/sqft (new build) £2,390
Aerage sold price/sqft (old stock) £2,150

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 £2,200. This means if you are just looking out the houses sold in Crafthole in general and didn’t take into consideration the type of build. For example, a new build.

What is the asking price on average of houses for sale in Crafthole?

Table showing the asking prices for houses for sale in Crafthole

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £203,434
Average asking price (3 bed) £269,250
Average asking price (4 bed) £443,667
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Crafthole has a lack of supply of housing in certain categories.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Crafthole is £294,561.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Crafthole is useful when negotiating and knowing what to expect for every type of house for sale.

In Crafthole, what are the demographics like?

In Crafthole, 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 Crafthole, the percentage of people in the two highest categories, A and B is 15%. 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 £38,500. This income will generally get bigger as the percentage of people in the A and B categories go up too (15%).

What is the population of Crafthole?

Population growth in Crafthole is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Crafthole, 10,495 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Crafthole in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Crafthole, this change has been 4%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Crafthole?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Crafthole.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In the city of Crafthole, how much green space remains for residents?

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 Crafthole, the city has 38.9 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 Crafthole.

Is the crime rate bad in the city of Crafthole?

For every one thousand people living in Crafthole, 46 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 46 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.

Are the people in Crafthole earning a lot?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Crafthole, the average income is £38,500. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 15% to decide on what the demographics are like in the area.

Located in Cornwall is the city of Crafthole, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Crafthole has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Crafthole which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

How deprived is the population of Crafthole?

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 Crafthole is 23%.

How educated are the people in Crafthole?

In the city of Crafthole, 24% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Crafthole is £38,500. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

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

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 Crafthole. 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 Crafthole.

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 (Cornwall), a regional level (South West) and finally on the level of the city talked about in this article, Crafthole.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Crafthole 4.4% £1,090 no relevant data for this city 21.0%
Cornwall 3.46% £950 116.50% 13.34%
South West 3.57% £1,079 132.66% 17.35%

You may also find it useful to compare the data above to the number of properties sold per month Crafthole experiences. This figure for house sales per month is 10. 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 growth in the housing market of Crafthole?

The growth of an area like Crafthole 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
Crafthole growth rate -3% 28% 19%

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 Crafthole if you want to find out the exact reasons for the housing change.