As a landlord, whenever you are looking at houses for sale in Cornwall, you could find varying prices throughout an area like Gloweth. 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 Gloweth 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 Gloweth will be revealed. Keep reading.
In Gloweth, what are the rental yields?
Is the housing market in Gloweth growing?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Gloweth at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Gloweth growth rate||-3%||9%||14%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Gloweth gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Gloweth.
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 Gloweth 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 Gloweth.
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)|
|Gloweth||3.7%||£1,052||no relevant data for this city||15.0%|
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 Gloweth.
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 (17) will be useful.
What are the asking prices for the houses for sale in the city of Gloweth?
When speaking about the city of Gloweth, £340,989 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 Gloweth.
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 the city of Gloweth, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£236,448|
|Average asking price (3 bed)||£338,021|
|Average asking price (4 bed)||£508,144|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Gloweth is the right area to buy a house in for you.
What kind of demographics does the city of Gloweth have?
Gloweth within Cornwall is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Gloweth 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 Gloweth.
How much green space is available to residents of Gloweth?
In the city of Gloweth, there are 10.3 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Gloweth is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Are the people of Gloweth deprived?
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 Gloweth is 23% 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 is the city of Gloweth’s 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 Gloweth, the percentage of people in the two highest categories, A and B is 27%. 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 £41,100. This income will generally get bigger as the percentage of people in the A and B categories go up too (27%).
Is the crime rate bad in the city of Gloweth?
The crime rate of Gloweth 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 140, 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 (140) is both useful and is recommended to be compared to the average.
In the city of Gloweth, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Gloweth if 20,510 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 Gloweth such as rental yield or house appreciation.
How has the population size of Gloweth adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Gloweth 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 Gloweth?
In the last decade, the population of Gloweth 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.
In Gloweth, how educated are people in general?
In the city of Gloweth, 33% 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 Gloweth is £41,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the people in Gloweth earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (27%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Gloweth, this works out to be £41,100. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In Gloweth, what do houses for sale tend to sell for?
For the city of Gloweth, the average price a house sells for is £265,739. This value usually depends on the exact location of the house within Gloweth as well as other factors like the population growth in Gloweth which is 8% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£359,221|
|Aerage sold price (semi-detached)||£241,512|
|Aerage sold price (terraced)||£229,544|
|Aerage sold price (flat)||£184,693|
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 Gloweth.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,760|
|Aerage sold price/sqft (new build)||£2,900|
|Aerage sold price/sqft (old stock)||£2,620|
Generalising the bottom table, the average value per square foot of a house for sale is £2,760. This value averages all of the types of houses for sale in Gloweth. 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 Gloweth.