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Hollinswood – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ Hollinswood – What to look for in houses for sale?

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As a landlord, whenever you are looking at houses for sale in Shropshire, you could find varying prices throughout an area like Hollinswood. 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 Hollinswood 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 Hollinswood will be revealed. Keep reading.

A house for sale that is right for you

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 Hollinswood.

  • 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.

In general, what do houses for sale sell for in Hollinswood?

In Hollinswood, houses for sale are sold at an average of £170,989. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Hollinswood. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Hollinswood, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 10% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Hollinswood, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Hollinswood is £1,870.

Get professional help on the houses for sale in Hollinswood

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

  • Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
  • Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
  • Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
  • Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
  • Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
  • Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

In Hollinswood, what are the demographics like?

In the city of Hollinswood, how much green space remains for residents?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Hollinswood currently has 11 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Hollinswood in this case.

How much do people in Hollinswood earn?

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 Hollinswood, the average income is £39,600.00. 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 13% to decide on what the demographics are like in the area.

How deprived is the population of Hollinswood?

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 £0.

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 is a social grade score and how does this relate to Hollinswood?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Hollinswood, the percentage of people in the two highest categories, A and B is 13%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £39,600.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (13%).

In the city of Hollinswood, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Shropshire for example.

These demographics for Hollinswood may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Hollinswood in West Midlands.

Have the people of Hollinswood grown in numbers?

Population growth in Hollinswood 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 Hollinswood, 23785 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 Hollinswood 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 Hollinswood, this change has been 6%. 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 6%. Click here to know more on the UK population trends.

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

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 10% in Hollinswood.

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’s crime like in Hollinswood?

Within Hollinswood, the number of people committing crimes is 20200% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 20200% figure carefully.

For the city of Hollinswood, what is the education level?

Interestingly, the percentage of people who have a degree in the city of Hollinswood is 16%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Hollinswood is £39,600.00.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

Asking price in Hollinswood for a house for sale

The average asking price for the houses for sale in the city of Hollinswood

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

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Hollinswood and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

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 in Hollinswood would be after a larger house than someone living alone.

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.

Thinking of a different city and perhaps a different location?

If you are looking for similar places to buy a house that are just like Hollinswood, examine this short list of cities below from outside of the region of West Midlands for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

Why you should consider the average rental yield when searching for houses for sale in Hollinswood

Are there new houses being built in Hollinswood to make it grow?

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.

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 Hollinswood, 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 Shropshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Hollinswood £0 £776 no relevant data for this city £0
Shropshire 3.41% £777.80 123.75% 14.71%
West Midlands 0.04 876.64 £1 20.00%

Assuming that in the future you want to re-sell the house you will eventually purchased in Hollinswood you might be interested in the number of sales per month (19) that happen in the local housing market. Comparing this figure for Hollinswood with the above table gives you a good understanding of the profitability of the area.

F.A.Q.

Do properties in Hollinswood offer renovation potential?

If planning permissions are abundant in the vicinity of Hollinswood, it may look promising for landlords looking to renovate. With 4 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 23785. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What’s the number of property sales each month in Hollinswood?

In Hollinswood, the monthly property transaction count reaches 19, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

How does the population in a city like Hollinswood change annually?

To work out how the population of Hollinswood has changed over time, you can look at the population change over a decade which is 10% and the change in a five year period two which falls at 6%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

In the larger vicinity of Hollinswood, what is the cost of houses available for sale?

The current average price per square foot for a house in Hollinswood stands at £0, considering the mean cost for each square foot of houses for sale there.

Does opting for a house for sale in Hollinswood come with a hefty price tag?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Hollinswood this number is £170,989 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

Buying a home in Hollinswood? Find trusted estate agents below

Purchasing property in Hollinswood can be a complex process. Having the right real estate agent to guide you makes all the difference. We understand how stressful and time-consuming finding an agent can be so we have provided all of the most relevent agents and their contact details below in our convenient table.

Name of the Agent Phone Number Address Email Address
The Wrekin Housing Group 441952217100 COLLIERS WAY, OLD PARK David Wells (david.wells@wrekin.com);Les Evans (les.evans@wrekin.com);John Broadhead (john.broadhead@wrekin.com);Simon Thompson (simon.thompson@wrekin.com);David Hall (david.hall@wrekin.com)
Julia Weston nan 32 PARK LN Julia Weston (julia@juliaweston.co.uk)
Signature Sales & Lettings 441952476777 Grays, Forgegate, Town Centre, Telford, TF3 4NA nan
Foden Property Ltd 441952476805 Unit 3, Birchfield Way, Lawley, Telford, TF3 5BZ Phone number only
nan nan nan nan

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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