As a landlord, whenever you are looking at houses for sale in Cornwall, you could find varying prices throughout an area like Crugmeer. 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 Crugmeer 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 Crugmeer will be revealed. Keep reading.
In Crugmeer, what are the demographics like?
In the city of Crugmeer, 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 Crugmeer, the city has 55.0 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 Crugmeer.
The city of Crugmeer, situated in Cornwall, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Crugmeer and its demographics will be compared to its wider location (South West). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Crugmeer. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How educated are the people in Crugmeer?
In the city of Crugmeer, 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 Crugmeer is £35,700.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What is the population of Crugmeer?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Crugmeer if 4,494 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 Crugmeer such as rental yield or house appreciation.
How has the population size of Crugmeer adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Crugmeer 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 Crugmeer?
In the last decade, the population of Crugmeer 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.
What is the social grade score of Crugmeer?
In the city of Crugmeer, the social grade score of the area is 16%. 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 Crugmeer.
| 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 Crugmeer earning?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Crugmeer. Compare the area’s average household income of £35,700 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 16% for more conclusive data on the affluence of the area.
What’s crime like in Crugmeer?
Within Crugmeer, the number of people committing crimes is 49 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 49 figure carefully.
Is the city of Crugmeer deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Crugmeer, currently, 24% 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 are the asking prices for the houses for sale in the city of Crugmeer?
Average price of houses for sale in Crugmeer
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £245,901 |
| Average asking price (3 bed) | £722,632 |
| Average asking price (4 bed) | no relevant data for this city |
| 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 £6,820. 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 Crugmeer has a lack of supply of housing in certain categories.
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 Crugmeer 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 £597,037.
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 Crugmeer.
In general, what do houses for sale sell for in Crugmeer?
In Crugmeer, the average sale price of a house for sale is in fact £491,396. This is dependent on the 10 year population growth of Crugmeer being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Crugmeer.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £584,195 |
| Aerage sold price (semi-detached) | £359,048 |
| Aerage sold price (terraced) | £305,134 |
| Aerage sold price (flat) | £360,570 |
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 Crugmeer.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,120 |
| Aerage sold price/sqft (new build) | £3,330 |
| Aerage sold price/sqft (old stock) | £3,840 |
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 £5,470. This means if you are just looking out the houses sold in Crugmeer in general and didn’t take into consideration the type of build. For example, a new build.
Why you should consider the average rental yield when searching for houses for sale in Crugmeer
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Crugmeer this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Cornwall then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Crugmeer.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Crugmeer | no relevant data for this city | no relevant data for this city | no relevant data for this city | 5.0% |
| Cornwall | 3.46% | £950 | 116.50% | 13.34% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Crugmeer.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (4) will be useful.
What is the growth in the housing market of Crugmeer?
Whenever you are thinking about looking for houses for sale in Crugmeer, 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 | |
|---|---|---|---|
| Crugmeer growth rate | 11% | 34% | 69% |
As the population of Crugmeer 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.
Who can help you buy a house for sale in Crugmeer?
Other cities you can consider looking for with houses for sale
Below are a list of towns with a similar location to Crugmeer.
Reading these analysis will help you evaluate the different houses for sale currently listed in South West:
- Berrow in South West
- Boscastle in South West
- Bridgend in South West
- Ashcombe in South West
- Alton-Barnes in South West
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Crugmeer.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
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
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