Short Heath can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Short Heath.
On top of this, keep reading for detailed information on the demographics of Short Heath in West Midlands. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Short Heath, what are the demographics like?
What is the social grade score of Short Heath?
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 Short Heath 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 Short Heath, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 12%.
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|
How educated are the people in Short Heath?
The number of people as a percentage who have been through university and gained a degree is 14%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,800 is the amount people in Short Heath are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Short Heath, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Have the people of Short Heath grown in numbers?
Population growth in Short Heath 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 Short Heath, 25,417 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 Short Heath 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 Short Heath, this change has been 4%. 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 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Short Heath?
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 7% in Short Heath.
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.
Are the people of Short Heath deprived?
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 32% for Short Heath should give you a nice idea of the deprivation in the area.
How much green space is available to residents of Short Heath?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Short Heath, the city has 9.4 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Short Heath.
In general, do people commit a lot of crime in Short Heath?
For the city of Short Heath, crime rate is at 114. So for every 1000 people in the area, 114 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.
Short Heath in the county of West Midlands 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 Short Heath 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 Short Heath, 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 do people in Short Heath 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 Short Heath, the average income is £35,800. 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 12% to decide on what the demographics are like in the area.
Always consider average rental yield when searching for houses for sale in Short Heath
In Short Heath, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Short Heath at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Short Heath growth rate||3%||20%||27%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Short Heath gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Short Heath.
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 Short Heath to West Midlands and the broader suburb of the UK; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Short Heath||no relevant data for this city||no relevant data for this city||no relevant data for this city||34.0%|
Let’s assume you want to sell the house you’re looking to buy in Short Heath for profit in the future, in this case, looking at the data for the number of houses sold per month in Short Heath would give you an idea of whether the area is actively getting new investors. This figure is 14.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Short Heath. 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.
In general, what do houses for sale sell for in Short Heath?
For the city of Short Heath, the average price a house sells for is £166,651. This value usually depends on the exact location of the house within Short Heath as well as other factors like the population growth in Short Heath which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£240,180|
|Aerage sold price (semi-detached)||£160,783|
|Aerage sold price (terraced)||£139,391|
|Aerage sold price (flat)||£89,704|
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 Short Heath.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,960|
|Aerage sold price/sqft (new build)||£1,950|
|Aerage sold price/sqft (old stock)||£1,860|
Generalising the bottom table, the average value per square foot of a house for sale is £1,960. This value averages all of the types of houses for sale in Short Heath. 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 Short Heath.
In Short Heath, what is the asking price in general for a house for sale?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Short Heath is £208,087.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Short Heath is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Short Heath
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£162,353|
|Average asking price (3 bed)||£214,078|
|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 Short Heath, 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.