Whenever looking for a house for sale in the UK or in Hollinswood, it is vital you look at the market trends and house price fluctuations in the wider area of Shropshire 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 Hollinswood.
In this article, we will be looking at the city of Hollinswood in detail so you know how to navigate the area and have a better understanding on where to invest.
In Hollinswood, what do houses for sale tend to sell for?
For the city of Hollinswood, the average price a house sells for is £170,989. This value usually depends on the exact location of the house within Hollinswood as well as other factors like the population growth in Hollinswood which is 10% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£233,944|
|Aerage sold price (semi-detached)||£161,608|
|Aerage sold price (terraced)||£118,923|
|Aerage sold price (flat)||£66,227|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Hollinswood.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,870|
|Aerage sold price/sqft (new build)||£2,080|
|Aerage sold price/sqft (old stock)||£1,640|
Generalising the bottom table, the average value per square foot of a house for sale is £1,870. This value averages all of the types of houses for sale in Hollinswood. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Hollinswood.
Are there any important statistics about the population of Hollinswood?
Do the people of Hollinswood get to enjoy green space?
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 Hollinswood, 11.1 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 Hollinswood.
What is the social grade score of Hollinswood?
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 Hollinswood in grades A or B which are the highest skilled roles in the country is 13%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £39,600 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 13%.
For the city of Hollinswood, what is the education level?
In the city of Hollinswood, 16% 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 Hollinswood is £39,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What salary does the community in Hollinswood take home?
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.
£39,600 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 13% for Hollinswood.
In Hollinswood, what are the deprivation levels like?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Hollinswood, in particular, the deprivation levels are 30%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What’s crime like in Hollinswood?
In Hollinswood, for every 1000 people, there is currently a crime rate of 202. 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 (202 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.
What does the population of Hollinswood look like?
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 Hollinswood is 23,785.
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 Hollinswood.
In Hollinswood, 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 Hollinswood 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.
Hollinswood population difference over 10 years?
The population has adjusted in the area of Hollinswood by 10% 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 Hollinswood.
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.
Hollinswood within Shropshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Hollinswood will be looked at by comparing it to the local region, as well as comparing it to the wider region too (West Midlands). 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 Hollinswood.
How are rental yields of the houses for sale different to the rest of the UK in Hollinswood?
What is the growth in the housing market of Hollinswood?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Hollinswood that shows the growth in recent years.
|1 year||3 years||5 years|
|Hollinswood growth rate||-8%||-1%||12%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Hollinswood is important.
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 Hollinswood to Shropshire and the broader suburb of the UK; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Hollinswood||4.5%||£776||no relevant data for this city||20.0%|
Let’s assume you want to sell the house you’re looking to buy in Hollinswood for profit in the future, in this case, looking at the data for the number of houses sold per month in Hollinswood would give you an idea of whether the area is actively getting new investors. This figure is 18.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Hollinswood. 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.
What is the asking price on average of houses for sale in Hollinswood?
In the city of Hollinswood, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£121,222|
|Average asking price (3 bed)||£206,618|
|Average asking price (4 bed)||£339,492|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Hollinswood is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Hollinswood, £204,898 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Hollinswood.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.