East Portlemouth – What to look for in houses for sale?

East Portlemouth 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 East Portlemouth 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 East Portlemouth.

What’s the rental yield in general for the city of East Portlemouth?

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 East Portlemouth, 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)
East Portlemouth	no relevant data for this city	no relevant data for this city	no relevant data for this city	11.0%
Devon	3.48%	£949	131.12%	16.20%
South West	3.57%	£1,079	132.66%	17.35%

Assuming that in the future you want to re-sell the house you will eventually purchased in East Portlemouth you might be interested in the number of sales per month (3) that happen in the local housing market. Comparing this figure for East Portlemouth with the above table gives you a good understanding of the profitability of the area.

What is the growth in the housing market of East Portlemouth?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for East Portlemouth that shows the growth in recent years.

	1 year	3 years	5 years
East Portlemouth growth rate	18%	45%	71%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in East Portlemouth is important.

In East Portlemouth, what do houses for sale tend to sell for?

For the city of East Portlemouth, the average price a house sells for is £692,326. This value usually depends on the exact location of the house within East Portlemouth as well as other factors like the population growth in East Portlemouth which is 5% over a ten-year period.

Housing category	Total final sale price
Aerage sold price (detached)	£870,939
Aerage sold price (semi-detached)	£473,883
Aerage sold price (terraced)	£513,059
Aerage sold price (flat)	£579,622

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 East Portlemouth.

Housing category	Sale price per square foot
Aerage sold price/sqft	£5,410
Aerage sold price/sqft (new build)	£3,340
Aerage sold price/sqft (old stock)	£5,050

Generalising the bottom table, the average value per square foot of a house for sale is £5,410. This value averages all of the types of houses for sale in East Portlemouth. 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 East Portlemouth.

What kind of demographics does the city of East Portlemouth have?

How deprived is the population of East Portlemouth?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 17% for East Portlemouth should give you a nice idea of the deprivation in the area.

Do the people of East Portlemouth get to enjoy green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In East Portlemouth, 6.2 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in East Portlemouth.

In East Portlemouth, 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 East Portlemouth, the percentage of people in the two highest categories, A and B is 25%. 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 £39,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (25%).

In general, do people commit a lot of crime in East Portlemouth?

The crime rate of East Portlemouth 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 54, 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 (54) is both useful and is recommended to be compared to the average.

East Portlemouth 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 East Portlemouth 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 East Portlemouth, 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.

Are the people in East Portlemouth 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 East Portlemouth, the average income is £39,300. 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 25% to decide on what the demographics are like in the area.

In East Portlemouth, how has the population changed?

The city of East Portlemouth has a total population of 2,046. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of East Portlemouth is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of East Portlemouth

Over time, in the last five years, the population of the city of East Portlemouth has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in East Portlemouth?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of East Portlemouth can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

For the city of East Portlemouth, what is the education level?

Interestingly, the percentage of people who have a degree in the city of East Portlemouth is 33%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of East Portlemouth is £39,300.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

Asking price in East Portlemouth for a house for sale

Average asking prices for houses for sale in East Portlemouth

Average asking price (1 bed)	no relevant data for this city
Average asking price (2 bed)	no relevant data for this city
Average asking price (3 bed)	£812,692
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 £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 East Portlemouth has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in East Portlemouth, the average price asked by the homeowners works out to be £964,828.

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 East Portlemouth 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.

Professional advice for houses for sale in East Portlemouth

Other cities you can consider looking for with houses for sale

Examine this short list of cities belonging to South West, the same region where East Portlemouth is located.

• Brokenborough in South West
• Ashwater in South West
• Alderley in South West
• Crugmeer in South West
• Bocaddon 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.

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

• Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
• Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
• Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
• Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
• Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
• EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

A house for sale that is right for you

What parameters impact the final price of a house for sale in East Portlemouth?
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.