Whenever looking for a house for sale in the UK or in Pinhoe, it is vital you look at the market trends and house price fluctuations in the wider area of Devon 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 Pinhoe.
In this article, we will be looking at the city of Pinhoe in detail so you know how to navigate the area and have a better understanding on where to invest.
What is the final sale price of a house in Pinhoe?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Pinhoe. In Pinhoe, this sale price works out to be £286,414. As an example, a factor like population growth over the last 10 years which works out to be 15% in Pinhoe and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£380,693|
|Average sold price (semi-detached)||£292,570|
|Average sold price (terraced)||£252,862|
|Average sold price (flat)||£165,640|
Above, the exact type of house is also shown to vary in price in a table in Pinhoe. 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||£2,990|
|Average sold price/sqft (new build)||£3,020|
|Average sold price/sqft (old stock)||£2,870|
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 Pinhoe which is £2,990. 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 Pinhoe
Are there new houses being built in Pinhoe to make it grow?
Whenever you are thinking about looking for houses for sale in Pinhoe, 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|
|Pinhoe growth rate||2%||5%||13%|
As the population of Pinhoe 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.
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 Pinhoe this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Devon 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 Pinhoe.
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)|
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 Pinhoe.
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 Pinhoe?
Table showing the asking prices for houses for sale in Pinhoe
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£268,051|
|Average asking price (3 bed)||£342,573|
|Average asking price (4 bed)||£456,724|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Pinhoe, 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.
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 Pinhoe 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 £343,269.
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 Pinhoe.
What kind of demographics does the city of Pinhoe have?
In Pinhoe, what is the crime rate?
Within Pinhoe, the number of people committing crimes is 121 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 121 figure carefully.
For the city of Pinhoe, what is the education level?
In Pinhoe, the proportion of people who have a degree is 29%. 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 Pinhoe is £40,100.
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.
Pinhoe within Devon is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Pinhoe 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 Pinhoe.
How much are those living in Pinhoe earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£40,100 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 22% for Pinhoe.
How much green space is available to residents of Pinhoe?
Whether you view green space in Pinhoe 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 Pinhoe, 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.
Are the deprivation levels of the UK any different to Pinhoe?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Pinhoe, currently, 25% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
In Pinhoe, 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 Pinhoe is 21,285.
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 Pinhoe.
In Pinhoe, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 6%. 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 Pinhoe 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 (6%) 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.
Pinhoe population difference over 10 years?
The population has adjusted in the area of Pinhoe by 15% 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 Pinhoe.
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’s a social grade score and how does it relate to Pinhoe?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Pinhoe in grades A or B which are the highest skilled roles in the country is 22%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,100 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 22%.
Advice from experts on properties for sale in Pinhoe
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Pinhoe.
Reading these analysis will help you evaluate the different houses for sale currently listed in South West:
- Bittaford in South West
- Bojewyan in South West
- Brislington in South West
- Brentry in South West
- Barnwood in South West
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Pinhoe.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.