As a landlord, whenever you are looking at houses for sale in Cornwall, you could find varying prices throughout an area like Pool. 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 Pool 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 Pool will be revealed. Keep reading.
In Pool, what do houses for sale tend to sell for?
In Pool, the average sale price of a house for sale is in fact £197,519. This is dependent on the 10 year population growth of Pool being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Pool.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£253,994|
|Aerage sold price (semi-detached)||£195,058|
|Aerage sold price (terraced)||£160,454|
|Aerage sold price (flat)||£105,587|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Pool.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,240|
|Aerage sold price/sqft (new build)||£2,270|
|Aerage sold price/sqft (old stock)||£2,160|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £2,240. This means if you are just looking out the houses sold in Pool in general and didn’t take into consideration the type of build. For example, a new build.
Asking price in Pool for a house for sale
Average asking prices for houses for sale in Pool
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£203,104|
|Average asking price (3 bed)||£271,559|
|Average asking price (4 bed)||£366,000|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Pool, 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 Pool is £246,784.
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 Pool is useful when negotiating and knowing what to expect for every type of house for sale.
Why you should consider the average rental yield when searching for houses for sale in Pool
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 Pool to Cornwall and the broader suburb of the UK; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Pool||4.2%||£863||no relevant data for this city||22.0%|
Let’s assume you want to sell the house you’re looking to buy in Pool for profit in the future, in this case, looking at the data for the number of houses sold per month in Pool would give you an idea of whether the area is actively getting new investors. This figure is 16.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Pool. 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.
Are there more or fewer houses being built in Pool?
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 Pool at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Pool growth rate||12%||23%||31%|
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 Pool 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 Pool.
What are the demographics like in the city of Pool?
What is the population of Pool?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Pool if 19,538 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 Pool such as rental yield or house appreciation.
How has the population size of Pool adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Pool 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 Pool?
In the last decade, the population of Pool 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.
What’s the crime rate in Pool?
In Pool, for every 1000 people, there is currently a crime rate of 100. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (100 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Pool in the county of Cornwall 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 Pool 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 Pool, 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.
Is the city of Pool 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 Pool is 31% 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.
In Pool, what is the social grade score?
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 Pool in grades A or B which are the highest skilled roles in the country is 12%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £35,600 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 12%.
What is the education level like in Pool?
In Pool, 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 Pool is £35,600.
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.
How much do people in Pool earn?
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 (12%). 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 Pool, this works out to be £35,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
How much green space is available to residents of Pool?
In the city of Pool, there are 10.5 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 Pool is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Who can help you buy a house for sale in Pool?
Invest in a house for sale that meets your demands
What parameters impact the final price of a house for sale in Pool?
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
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 Pool:
- Arlingham in South West
- Bowden in South West
- Braunton in South West
- Ashburton in South West
- Ashill in South West
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK