Twycross 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 Twycross.
On top of this, keep reading for detailed information on the demographics of Twycross in Leicestershire. 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 Twycross, what are the rental yields?
In Twycross, how has the number of houses changed?
Before committing to Twycross 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|
|Twycross growth rate||-1%||11%||22%|
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 Twycross is building housing to find your answer.
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 Twycross, 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 Leicestershire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Twycross you might be interested in the number of sales per month (18) that happen in the local housing market. Comparing this figure for Twycross with the above table gives you a good understanding of the profitability of the area.
In general, what do houses for sale sell for in Twycross?
As well as looking at the asking price for house for sale in Twycross, 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 Twycross.
Houses for sale, are sold on average in Twycross, after the influence of these factors, at £226,353 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)||£327,662|
|Aerage sold price (semi-detached)||£193,341|
|Aerage sold price (terraced)||£154,308|
|Aerage sold price (flat)||£108,262|
This table above shows the average sale price for each variation of houses for sale in Twycross.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,250|
|Aerage sold price/sqft (new build)||£2,520|
|Aerage sold price/sqft (old stock)||£2,130|
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 Twycross is £2,250.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the demographics like in the city of Twycross?
Is the crime rate bad in the city of Twycross?
For every one thousand people living in Twycross, 93 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 93 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Is the education level of Twycross important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Twycross is 18%. 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 Twycross is £39,500.
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.
The city of Twycross, situated in Leicestershire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Twycross and its demographics will be compared to its wider location (West Midlands). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Twycross. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s a social grade score and how does it relate to Twycross?
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 Twycross in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £39,500 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 18%.
How deprived is the population of Twycross?
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 Twycross, in particular, the deprivation levels are 28%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
How much are those living in Twycross earning?
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.
£39,500 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 18% for Twycross.
In Twycross, how has the population changed?
Population growth in Twycross 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 Twycross, 21,268 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 Twycross 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 Twycross, 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 Twycross?
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 Twycross.
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.
In the city of Twycross, how much green space remains for residents?
Whether you view green space in Twycross 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 Twycross, the number of acres of green space for every 1000 people currently is 24.5 which can be measured against the UK average of 1.7.
Asking price in Twycross for a house for sale
Average asking prices for houses for sale in Twycross
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£198,223|
|Average asking price (3 bed)||£254,541|
|Average asking price (4 bed)||£505,510|
|Average asking price (5 bed)||£674,167|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Twycross 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.
On average, in Twycross, the asking price for a house for sale in the area is £345,458.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Twycross. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.