Down Thomas 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 Down Thomas 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 Down Thomas.
What are the demographics like in the city of Down Thomas?
What’s crime like in Down Thomas?
Within Down Thomas, the number of people committing crimes is 4000% 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 4000% figure carefully.
For the city of Down Thomas, what is the education level?
In Down Thomas, the proportion of people who have a degree is 27%. 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 Down Thomas is £44,600.00.
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.
Are the deprivation levels of the UK any different to Down Thomas?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Down Thomas is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
What’s a social grade score and how does it relate to Down Thomas?
In the city of Down Thomas, the social grade score of the area is 24%. 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 Down Thomas.
|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|
In the city of Down Thomas, has the population grown or shrunk?
In total, the number of people in Down Thomas is 27946. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Down Thomas, depending on where exactly you are.
How has Down Thomas changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Down Thomas has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Down Thomas?
4% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Down Thomas have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In the city of Down Thomas, 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 Down Thomas, the city has 22 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 Down Thomas.
How much do people in Down Thomas earn?
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 Down Thomas, the average income is £44,600.00. 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 24% to decide on what the demographics are like in the area.
Down Thomas in the county of Devon is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Down Thomas is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Down Thomas, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What is the final sale price of a house in Down Thomas?
For the city of Down Thomas, the average price a house sells for is £261,262. This value usually depends on the exact location of the house within Down Thomas as well as other factors like the population growth which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£327,818|
|Aerage sold price (semi-detached)||£232,581|
|Aerage sold price (terraced)||£211,195|
|Aerage sold price (flat)||£139,787|
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 Down Thomas.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,600|
|Aerage sold price/sqft (new build)||£2,490|
|Aerage sold price/sqft (old stock)||£2,540|
Generalising the bottom table, the average value per square foot of a house for sale is £2,960. This value averages all of the types of houses for sale in Down Thomas. 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 Down Thomas.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Who can help you buy a house for sale in Down Thomas?
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
What’s the rental yield in general for the city of Down Thomas?
Is the housing market in Down Thomas growing?
Before committing to Down Thomas 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|
|Down Thomas growth rate||8%||14%||25%|
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 Down Thomas is building housing to find your answer.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look into all the details of Down Thomas.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Devon) as well as the broader region; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Down Thomas||£0||£987||no relevant data for this city||£0|
Also, you can compare other data to the table above such as the number of houses sold per month in Down Thomas which is 23 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Down Thomas is to invest in. Both in terms of rental yield and capital appreciation.
On average, what is the figure for the asking price of a house for sale in Down Thomas?
Table showing the asking prices for houses for sale in Down Thomas
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£254,392|
|Average asking price (3 bed)||£318,231|
|Average asking price (4 bed)||£455,722|
|Average asking price (5 bed)||£538,925|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Down Thomas is £3,320. This should show you the general prices overall and for individual types of houses too.
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 Down Thomas is £345,789.
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 Down Thomas is useful when negotiating and knowing what to expect for every type of house for sale.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Down Thomas?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Thinking of a different city and perhaps a different location?
We have prepared a list of cities that are entirely dissimilar to the region of South West, perfect if you are looking for somewhere similar to Down Thomas but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- hedley-on-the-hill in South West
- ball in South West
- banff in South West
- gaywood in South West
- wycombe-marsh in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.