Crownhill might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Devon.
Before looking for a house for sale in the city of Crownhill we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Crownhill.
In general, what do houses for sale sell for in Crownhill?
For the city of Crownhill, the average price a house sells for is £159,910. This value usually depends on the exact location of the house within Crownhill as well as other factors like the population growth in Crownhill which is 3% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£297,615|
|Aerage sold price (semi-detached)||£165,389|
|Aerage sold price (terraced)||£147,668|
|Aerage sold price (flat)||£89,943|
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 Crownhill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,930|
|Aerage sold price/sqft (new build)||£2,540|
|Aerage sold price/sqft (old stock)||£1,820|
Generalising the bottom table, the average value per square foot of a house for sale is £2,170. This value averages all of the types of houses for sale in Crownhill. 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 Crownhill.
Are there any important statistics about the population of Crownhill?
Is the education level of Crownhill important when buying a house?
In Crownhill, the proportion of people who have a degree is 13%. 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 Crownhill is £35,100.
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.
Do the people of Crownhill get to enjoy green space?
In the city of Crownhill, there are 3.2 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 Crownhill is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How deprived is the population of Crownhill?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Crownhill, currently, 34% 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.
What salary does the community in Crownhill take home?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£35,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 9% for Crownhill.
Located in Devon is the city of Crownhill, 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 Crownhill 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 Crownhill 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.
What’s a social grade score and how does it relate to Crownhill?
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 Crownhill in grades A or B which are the highest skilled roles in the country is 9%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £35,100 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 9%.
In Crownhill, how has the population changed?
Population growth in Crownhill 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 Crownhill, 42,921 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 Crownhill 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 Crownhill, this change has been 1%. 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 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Crownhill?
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 3% in Crownhill.
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.
What’s crime like in Crownhill?
The crime rate of Crownhill must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 101, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (101) is both useful and is recommended to be compared to the average.
Why you should consider the average rental yield when searching for houses for sale in Crownhill
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 Crownhill, 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)|
|Crownhill||5.2%||£848||no relevant data for this city||32.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Crownhill you might be interested in the number of sales per month (31) that happen in the local housing market. Comparing this figure for Crownhill with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Crownhill to make it grow?
Whenever you are thinking about looking for houses for sale in Crownhill, 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|
|Crownhill growth rate||8%||16%||24%|
As the population of Crownhill 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 Crownhill, what is the asking price in general for a house for sale?
When investors make offers for houses for sale in Crownhill, the average price asked by the homeowners works out to be £196,483.
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 Crownhill 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 price of houses for sale in Crownhill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£171,428|
|Average asking price (3 bed)||£208,670|
|Average asking price (4 bed)||£291,250|
|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 £2,410. 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 Crownhill has a lack of supply of housing in certain categories.
Professional advice for houses for sale in Crownhill
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Crownhill
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.
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
House for sale in the same UK region
We have prepared a list of cities in South West, the same UK region of Crownhill that can help you evaluate the different houses for sale listed in the region:
- Alderholt in South West
- Devonport in South West
- Abbotsbury in South West
- Alfardisworthy in South West
- Alford in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.