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 Devonport, Devon.
From the average asking price of houses for sale in Devonport to the growth of the population in the area, all will be talked about regarding the city of Devonport. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What kind of demographics does the city of Devonport have?
What is the education level like in Devonport?
In Devonport, the proportion of people who have a degree is 23%. 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 Devonport is £32,400.
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.
Devonport 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, Devonport 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 Devonport.
Are the people of Devonport deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Devonport, in particular, the deprivation levels are 36%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What’s crime like in Devonport?
In Devonport, for every 1000 people, there is currently a crime rate of 308. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (308 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
What is the city of Devonport’s social grade score?
In the city of Devonport and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Devonport has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
What is the population of Devonport?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Devonport if 22,523 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 Devonport such as rental yield or house appreciation.
How has the population size of Devonport adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Devonport 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 Devonport?
In the last decade, the population of Devonport 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.
In the city of Devonport, how much green space remains for residents?
Whether you view green space in Devonport 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 Devonport, the number of acres of green space for every 1000 people currently is 7.4 which can be measured against the UK average of 1.7.
Are the people in Devonport 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 Devonport, the average income is £32,400. 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.
What is the asking price on average of houses for sale in Devonport?
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 Devonport 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 £201,399.
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 Devonport.
In the city of Devonport, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £130,109 |
| Average asking price (2 bed) | £188,441 |
| Average asking price (3 bed) | £249,423 |
| 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 Devonport 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 £2,270 should also give you an overview of what the asking price for houses for sale are in general.
What is the final sale price of a house in Devonport?
In Devonport, the average sale price of a house for sale is in fact £177,349. This is dependent on the 10 year population growth of Devonport being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Devonport.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | no relevant data for this city |
| Aerage sold price (semi-detached) | £221,912 |
| Aerage sold price (terraced) | £206,914 |
| Aerage sold price (flat) | £146,710 |
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 Devonport.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,980 |
| Aerage sold price/sqft (new build) | £2,520 |
| Aerage sold price/sqft (old stock) | £1,860 |
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 £2,120. This means if you are just looking out the houses sold in Devonport in general and didn’t take into consideration the type of build. For example, a new build.
How are rental yields of the houses for sale different to the rest of the UK in Devonport?
In Devonport, how has the number of houses changed?
Before committing to Devonport 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 | |
|---|---|---|---|
| Devonport growth rate | -13% | 4% | 5% |
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 Devonport is building housing to find your answer.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Devonport to Devon and the broader suburb of the UK; South West.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Devonport | 4.5% | £762 | 127% | 21.0% |
| Devon | 3.48% | £949 | 131.12% | 16.20% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
Let’s assume you want to sell the house you’re looking to buy in Devonport for profit in the future, in this case, looking at the data for the number of houses sold per month in Devonport would give you an idea of whether the area is actively getting new investors. This figure is 27.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Devonport. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Get professional help on the houses for sale in Devonport
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Are you considering other cities with houses for sale?
Examine this short list of cities belonging to South West, the same region where Devonport is located.
- Baulking in South West
- Chard-Junction in South West
- Ash in South West
- Alcombe in South West
- Par in South West
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
Finding the ideal house for sale for you
When browsing houses for sale in Devonport you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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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.
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