Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Strike to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Strike:

Get a free valuation

Our customers trust our expertise

Paisley – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Paisley – What to look for in houses for sale?

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Paisley to help you find the perfect agent for you

Download the directory

Paisley might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Renfrewshire.
Before looking for a house for sale in the city of Paisley we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Paisley.

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

In Paisley, the average sale price of a house for sale is in fact £84,480. This is dependent on the 10 year population growth of Paisley being 0%. Growing populations are more likely to inflate the prices of houses for sale in the city of Paisley.

Housing category Total final sale price
Aerage sold price (detached) £246,362
Aerage sold price (semi-detached) £155,093
Aerage sold price (terraced) £115,514
Aerage sold price (flat) £59,984

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 Paisley.

Housing category Sale price per square foot
Aerage sold price/sqft £1,403
Aerage sold price/sqft (new build) £1,547
Aerage sold price/sqft (old stock) £1,377

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 £1,403. This means if you are just looking out the houses sold in Paisley in general and didn’t take into consideration the type of build. For example, a new build.

Other cities in different locations you can consider to buy property

If you are looking for similar places to buy a house that are just like Paisley, examine this short list of cities below from outside of the region of Scotland 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.

What are the people like in Paisley?

What does the population of Paisley look like?

The city of Paisley has a total population of 79885. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Paisley is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Paisley

Over time, in the last five years, the population of the city of Paisley has changed by 1%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 1% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Paisley?

In the last 10 years, there has been a shift in the population of 0%.

Comparing this to the 5 year figure of Paisley can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

In Paisley, what are the deprivation levels like?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Paisley is no relevant data for this city.

In general, do people commit a lot of crime in Paisley?

Within Paisley, the number of people committing crimes is 100% 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 100% figure carefully.

What’s a social grade score and how does it relate to Paisley?

In the city of Paisley and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Paisley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is no relevant data for this city.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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 much green space is available to residents of Paisley?

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 Paisley, the city has 27 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 Paisley.

In Paisley, how educated are people in general?

In the city of Paisley, no relevant data for this city of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Paisley is no relevant data for this city. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Located in Renfrewshire is the city of Paisley, in a large part of the UK; Scotland. 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 Paisley 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 Paisley 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.

How much do people in Paisley earn?

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.

no relevant data for this city 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 no relevant data for this city for Paisley.

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

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

In Paisley, what are the rental yields?

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Paisley. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Paisley.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Renfrewshire), a regional level (Scotland) and finally on the level of the city talked about in this article, Paisley.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Paisley no relevant data for this city no relevant data for this city no relevant data for this city £1
Renfrewshire no relevant data for this city no relevant data for this city no relevant data for this city 71.90%
Scotland 0.05 871.42 £1 59.40%

You may also find it useful to compare the data above to the number of properties sold per month Paisley experiences. This figure for house sales per month is no relevant data for this city. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Is the housing market in Paisley growing?

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 Paisley at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Paisley growth rate -3% 1% no relevant data for this city

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 Paisley 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 Paisley.

Finding the ideal house for sale for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Paisley

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
  • 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.

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

When investors make offers for houses for sale in Paisley, the average price asked by the homeowners works out to be £100,020.

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 Paisley 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.

In the city of Paisley, what is the average asking price for the houses for sale?

Average asking price (1 bed) £60,149
Average asking price (2 bed) £89,037
Average asking price (3 bed) £188,833
Average asking price (4 bed) £348,222
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, the average asking price for the house for sale in the whole of Paisley is £0. This should show you the general prices overall and for individual types of houses too.

Frequently Asked Questions

If you are a landlord, should you renovate a property in the city of Paisley?

Paisley is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are no relevant data for this city each month, attaining a success rate of no relevant data for this city and a total population of 79885. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

On a monthly basis, how many property transactions take place in Paisley?

In Paisley, the monthly property transaction count reaches no relevant data for this city, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the year-over-year population change in Paisley or similar cities?

Calculating the evolution of Paisley’s population requires an examination of the population transformation over a decade, amounting to 0%, and the five-year adjustment at 1%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

What are the asking rates for houses for sale in the surrounding area of Paisley?

In Paisley, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is a house for sale in Paisley an expensive choice?

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 Paisley this number is £84,480 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 Paisley? Find trusted estate agents below

Purchasing property in Paisley 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
Castlehead Properties 441413762423 26 Causeyside Street, Paisley, PA1 1UN Phone number only
Patch Estate Agents 441413765998 41 Causeyside Street, Paisley, PA1 1YL Phone number only
LM Properties 441414336647 50 Glasgow Road, Paisley, PA1 3PW nan
Alexander McAllister & McKechnie 441413768997 6 Moss Street, Paisley, PA1 1BL Phone number only
Neill Clerk Estate Agents 441475327910 60 West Blackhall Street, Greenock, PA15 1UY Phone number only

Download agent details

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *