Whenever looking for a house for sale in the UK or in Goonbell, it is vital you look at the market trends and house price fluctuations in the wider area of Cornwall too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Goonbell.
In this article, we will be looking at the city of Goonbell in detail so you know how to navigate the area and have a better understanding on where to invest.
What kind of demographics does the city of Goonbell have?
Is the city of Goonbell deprived?
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 Goonbell, in particular, the deprivation levels are 22%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In the city of Goonbell, 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 Cornwall for example.
These demographics for Goonbell 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 Goonbell in South West.
In general, do people commit a lot of crime in Goonbell?
For every one thousand people living in Goonbell, 36 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 36 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
In Goonbell, how educated are people in general?
In Goonbell, the proportion of people who have a degree is 36%. 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 Goonbell is £40,000.
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.
In the city of Goonbell, has the population grown or shrunk?
In total, the number of people in Goonbell is 3,803. 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 Goonbell, depending on where exactly you are.
How has Goonbell 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 Goonbell has changed by 4%. 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 4% 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 Goonbell?
8% 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 Goonbell 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 Goonbell, what is the social grade score?
In the city of Goonbell and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Goonbell has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 34%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
Is there sufficient green space in Goonbell?
Whether you view green space in Goonbell 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 Goonbell, the number of acres of green space for every 1000 people currently is 4.8 which can be measured against the UK average of 1.7.
How much do people in Goonbell earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £40,000.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Goonbell this figure is 34%.
How are rental yields of the houses for sale different to the rest of the UK in Goonbell?
Are there new houses being built in Goonbell to make it grow?
Whenever you are thinking about looking for houses for sale in Goonbell, 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|
|Goonbell growth rate||-9%||26%||21%|
As the population of Goonbell 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.
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Goonbell to Cornwall and the broader suburb of the UK; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Goonbell||no relevant data for this city||no relevant data for this city||no relevant data for this city||15.0%|
Let’s assume you want to sell the house you’re looking to buy in Goonbell for profit in the future, in this case, looking at the data for the number of houses sold per month in Goonbell would give you an idea of whether the area is actively getting new investors. This figure is 6.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Goonbell. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
In general, what do houses for sale sell for in Goonbell?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Goonbell. In Goonbell, this sale price works out to be £375,819. As an example, a factor like population growth over the last 10 years which works out to be 8% in Goonbell and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£438,365|
|Average sold price (semi-detached)||£323,625|
|Average sold price (terraced)||£267,475|
|Average sold price (flat)||£213,954|
Above, the exact type of house is also shown to vary in price in a table in Goonbell. 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||£3,660|
|Average sold price/sqft (new build)||£3,030|
|Average sold price/sqft (old stock)||£3,520|
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 Goonbell which is £3,660. 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.
In Goonbell, what is the asking price in general for a house for sale?
The average asking price for the houses for sale in the city of Goonbell
|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)||£500,417|
|Average asking price (4 bed)||no relevant data for this city|
|Average asking price (5 bed)||no relevant data for this city|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Goonbell and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Goonbell determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £507,222.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Goonbell.
Advice from experts on properties for sale in Goonbell
Are you considering other cities with houses for sale?
You can assess the various houses for sale offered in the area by consulting this list of cities in South West, the same UK region as Goonbell:
- Overleigh in South West
- Crownhill in South West
- Common-Moor in South West
- Blunts in South West
- Abbotts-Ann in South West
You may also refer to our landing page specific to UK houses for sale, 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
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Goonbell?
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.