How much will you pay for a house for sale in Coven?

Whenever looking for a house for sale in the UK or in Coven, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire 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 Coven.

In this article, we will be looking at the city of Coven in detail so you know how to navigate the area and have a better understanding on where to invest.

On average, what is the figure for the asking price of a house for sale in Coven?

When investors make offers for houses for sale in Coven, the average price asked by the homeowners works out to be £263,135.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Coven is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Table showing the asking prices for houses for sale in Coven

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)	£274,629
Average asking price (4 bed)	no relevant data for this city
Average asking price (5 bed)	no relevant data for this city

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Coven is the right area to buy a house in for you.

In general, for the city of Coven, what are the final purchase prices for the houses for sale?

In Coven, the average sale price of a house for sale is in fact £201,778. This is dependent on the 10 year population growth of Coven being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Coven.

Housing category	Total final sale price
Aerage sold price (detached)	£254,008
Aerage sold price (semi-detached)	£173,628
Aerage sold price (terraced)	£157,867
Aerage sold price (flat)	£74,875

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 Coven.

Housing category	Sale price per square foot
Aerage sold price/sqft	£2,430
Aerage sold price/sqft (new build)	£2,790
Aerage sold price/sqft (old stock)	£2,250

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 £2,430. This means if you are just looking out the houses sold in Coven in general and didn’t take into consideration the type of build. For example, a new build.

Always consider average rental yield when searching for houses for sale in Coven

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Coven, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; West Midlands. As well as Staffordshire, to give a smaller scale area to compare the data to.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Coven	no relevant data for this city	no relevant data for this city	no relevant data for this city	22.0%
Staffordshire	3.76%	£767	113.22%	20.39%
West Midlands	3.89%	£877	119.29%	20.00%

Assuming that in the future you want to re-sell the house you will eventually purchased in Coven you might be interested in the number of sales per month (5) that happen in the local housing market. Comparing this figure for Coven with the above table gives you a good understanding of the profitability of the area.

In Coven, how has the number of houses changed?

Before committing to Coven to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

	1 year	3 years	5 years
Coven growth rate	15%	40%	53%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Coven is building housing to find your answer.

What kind of demographics does the city of Coven have?

Located in Staffordshire is the city of Coven, in a large part of the UK; West Midlands. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Coven has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Coven which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

In Coven, how has the population changed?

Population growth in Coven is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Coven, 7,108 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Coven in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Coven, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Coven?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 6% in Coven.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

What is the social grade score of Coven?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Coven compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Coven, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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 Coven?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Coven, 5.5 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Coven.

What is the education level like in Coven?

In the city of Coven, 18% 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 Coven is £37,900.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Are the people in Coven earning a lot?

By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.

In Coven, the average income is £37,900. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.

When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 20% to decide on what the demographics are like in the area.

How deprived is the population of Coven?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 31% for Coven should give you a nice idea of the deprivation in the area.

In Coven, what is the crime rate?

For the city of Coven, crime rate is at 53. So for every 1000 people in the area, 53 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.

Who can help you buy a house for sale in Coven?

A house for sale appropriate to your needs

When browsing houses for sale in Coven you should think about lots of different criteria:

• House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

• Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

• House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

• Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

• energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

• Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

• Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

• Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Are you considering other cities with houses for sale?

Examine this short list of cities belonging to West Midlands, the same region where Coven is located.

• Hereford in West Midlands
• Abbots-Bromley in West Midlands
• Bourton in West Midlands
• Radford-Semele in West Midlands
• Bagnall in West Midlands

If none of these is of your interest, we suggest you visit our landing page with all data related to the 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