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Goodrington – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ Goodrington – What to look for in houses for sale?

Goodrington can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Goodrington.

On top of this, keep reading for detailed information on the demographics of Goodrington in Devon. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

In Goodrington, what are the demographics like?

What is the education level like in Goodrington?

The number of people as a percentage who have been through university and gained a degree is 18%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,200 is the amount people in Goodrington are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Goodrington, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In Goodrington, what is the crime rate?

For the city of Goodrington, crime rate is at 102. So for every 1000 people in the area, 102 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

What is the social grade score of Goodrington?

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 Goodrington, the percentage of people in the two highest categories, A and B is 16%. 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 £34,200. This income will generally get bigger as the percentage of people in the A and B categories go up too (16%).

In the city of Goodrington, is there a lot of green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Goodrington currently has 11.1 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Goodrington in this case.

In the city of Goodrington, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Devon for example.

These demographics for Goodrington may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Goodrington in South West.

Is the city of Goodrington deprived?

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 30% for Goodrington should give you a nice idea of the deprivation in the area.

In Goodrington, 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 Goodrington is 18,507.

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 Goodrington.

In Goodrington, 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 Goodrington 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.

Goodrington population difference over 10 years?

The population has adjusted in the area of Goodrington by 4% 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 Goodrington.

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.

Are the people in Goodrington 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 (16%). 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 Goodrington, this works out to be £34,200. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In Goodrington, what is the asking price in general for a house for sale?

Average price of houses for sale in Goodrington

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £214,060
Average asking price (3 bed) £318,342
Average asking price (4 bed) £447,348
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Goodrington, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.

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 Goodrington is £311,793.

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 Goodrington is useful when negotiating and knowing what to expect for every type of house for sale.

In general, what do houses for sale sell for in Goodrington?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Goodrington. In Goodrington, this sale price works out to be £229,875. As an example, a factor like population growth over the last 10 years which works out to be 4% in Goodrington and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £321,320
Average sold price (semi-detached) £232,757
Average sold price (terraced) £194,845
Average sold price (flat) £136,405

Above, the exact type of house is also shown to vary in price in a table in Goodrington. 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 £2,580
Average sold price/sqft (new build) £2,440
Average sold price/sqft (old stock) £2,460

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 Goodrington which is £2,580. 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.

Always consider average rental yield when searching for houses for sale in Goodrington

Is the housing market in Goodrington growing?

Whenever you are thinking about looking for houses for sale in Goodrington, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Goodrington growth rate 10% 23% 26%

As the population of Goodrington grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

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.

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 in to all the details of Goodrington.

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)
Goodrington 3.9% £1,021 140% 13.0%
Devon 3.48% £949 131.12% 16.20%
South West 3.57% £1,079 132.66% 17.35%

Also, you can compare other data to the table above such as the number of houses sold per month in Goodrington which is 20 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 Goodrington is to invest in. Both in terms of rental yield and capital appreciation.

Invest in houses for sale in Goodrington with the right professional advice

houses for sale in other cities in the UK

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

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.

Choose the right house for sale that suits your needs

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

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

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