Coleshill – What to look for in houses for sale?

by | Nov 15, 2022

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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.