As a landlord, whenever you are looking at houses for sale in Gloucestershire, you could find varying prices throughout an area like Gloucester. 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 Gloucester 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 Gloucester will be revealed. Keep reading.
On average, what is the figure for the asking price of a house for sale in Gloucester?
The average asking price for the houses for sale in the city of Gloucester
|Average asking price (1 bed)||£123,844|
|Average asking price (2 bed)||£169,558|
|Average asking price (3 bed)||£231,599|
|Average asking price (4 bed)||£342,717|
|Average asking price (5 bed)||£364,091|
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 Gloucester has a lack of supply of housing in certain categories.
When speaking about the city of Gloucester, £204,342 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Gloucester.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
In general, what do houses for sale sell for in Gloucester?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Gloucester. In Gloucester, this sale price works out to be £171,336. As an example, a factor like population growth over the last 10 years which works out to be 8% in Gloucester and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£352,190|
|Average sold price (semi-detached)||£205,646|
|Average sold price (terraced)||£152,925|
|Average sold price (flat)||£123,628|
Above, the exact type of house is also shown to vary in price in a table in Gloucester. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,070|
|Average sold price/sqft (new build)||£2,400|
|Average sold price/sqft (old stock)||£1,940|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Gloucester which is £2,070. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Why you should consider the average rental yield when searching for houses for sale in Gloucester
In Gloucester, how has the number of houses changed?
The growth of an area like Gloucester can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Gloucester growth rate||-1%||6%||22%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Gloucester if you want to find out the exact reasons for the housing change.
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 Gloucester, 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 Gloucestershire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Gloucester you might be interested in the number of sales per month (37) that happen in the local housing market. Comparing this figure for Gloucester with the above table gives you a good understanding of the profitability of the area.
What are the demographics like in the city of Gloucester?
Are the deprivation levels of the UK any different to Gloucester?
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 Gloucester, in particular, the deprivation levels are 31%.
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 a social grade score and how does it relate to Gloucester?
In the city of Gloucester, the social grade score of the area is 13%. 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 Gloucester.
|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’s the crime rate in Gloucester?
The crime rate of Gloucester 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 297, 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 (297) is both useful and is recommended to be compared to the average.
In Gloucester, how has the population changed?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Gloucester is 34,172.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Gloucester.
In Gloucester, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Gloucester is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Gloucester population difference over 10 years?
The population has adjusted in the area of Gloucester by 8% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Gloucester.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
What is the education level like in Gloucester?
In Gloucester, the proportion of people who have a degree is 19%. 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 Gloucester is £35,900.
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.
Gloucester in the county of Gloucestershire 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 Gloucester 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 Gloucester, 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.
In the city of Gloucester, is there a lot of green space?
Whether you view green space in Gloucester 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 Gloucester, 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.
How much are those living in Gloucester 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 Gloucester. Compare the area’s average household income of £35,900 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 13% for more conclusive data on the affluence of the area.
Professional advice for houses for sale in Gloucester
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Gloucester?
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.
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Gloucester which is South West. You might want to consider these as alternatives for your next real estate investment:
- Babcary in South West
- Abbotskerswell in South West
- Crafthole in South West
- Overleigh in South West
- Aller in South West
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.