As a landlord, whenever you are looking at houses for sale in Warwickshire, you could find varying prices throughout an area like Coleshill. 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 Coleshill 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 Coleshill will be revealed. Keep reading.
In Coleshill, what are the demographics like?
What is a social grade score and how does this relate to Coleshill?
In the city of Coleshill 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 Coleshill has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 24%.
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 |
How much do people in Coleshill earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Coleshill. Compare the area’s average household income of £45,200 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 24% for more conclusive data on the affluence of the area.
Are the deprivation levels of the UK any different to Coleshill?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Coleshill is 20%.
In Coleshill, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Coleshill if 12,153 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 Coleshill such as rental yield or house appreciation.
How has the population size of Coleshill adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Coleshill 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 Coleshill?
In the last decade, the population of Coleshill has been adjusted by 6%. 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 is the education level like in Coleshill?
In the city of Coleshill, 24% 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 Coleshill is £45,200.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Coleshill, what is the crime rate?
For the city of Coleshill, crime rate is at 80. So for every 1000 people in the area, 80 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.
Coleshill in the county of Warwickshire 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 Coleshill is located in; West Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Coleshill, 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.
How much green space is available to residents of Coleshill?
Whether you view green space in Coleshill 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 Coleshill, the number of acres of green space for every 1000 people currently is 17.7 which can be measured against the UK average of 1.7.
In Coleshill, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Coleshill, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Coleshill.
Houses for sale, are sold on average in Coleshill, after the influence of these factors, at £264,192 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 6% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £408,594 |
| Aerage sold price (semi-detached) | £263,047 |
| Aerage sold price (terraced) | £210,625 |
| Aerage sold price (flat) | £141,803 |
This table above shows the average sale price for each variation of houses for sale in Coleshill.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,820 |
| Aerage sold price/sqft (new build) | £3,240 |
| Aerage sold price/sqft (old stock) | £2,680 |
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Coleshill is £2,820.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
On average, what is the figure for the asking price of a house for sale in Coleshill?
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 Coleshill 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 £307,119.
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 Coleshill.
Table showing the asking prices for houses for sale in Coleshill
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £208,747 |
| Average asking price (3 bed) | £308,333 |
| Average asking price (4 bed) | no relevant data for this city |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Coleshill, 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.
What’s the rental yield in general for the city of Coleshill?
What is the growth in the housing market of Coleshill?
Whenever you are thinking about looking for houses for sale in Coleshill, 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 | |
|---|---|---|---|
| Coleshill growth rate | 3% | 11% | 26% |
As the population of Coleshill 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 Coleshill this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (West Midlands) alongside Warwickshire 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 Coleshill.
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) | |
|---|---|---|---|---|
| Coleshill | no relevant data for this city | no relevant data for this city | no relevant data for this city | 23.0% |
| Warwickshire | 3.64% | £986 | 113.00% | 18.57% |
| West Midlands | 3.89% | £877 | 119.29% | 20.00% |
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 Coleshill.
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 (11) will be useful.
Professional advice for houses for sale in Coleshill
A house for sale appropriate to your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Coleshill.
-
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
-
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
-
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
-
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
-
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
-
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
-
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
-
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
houses for sale in other cities in the UK
See here below a list of cities in the same UK region of Coleshill which is West Midlands. You might want to consider these as alternatives for your next real estate investment:
- Chesterfield in West Midlands
- Biddlesden in West Midlands
- Almeley in West Midlands
- Wellingborough in West Midlands
- Beech in West Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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
Recent Comments