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As a landlord, whenever you are looking at houses for sale in Wiltshire, you could find varying prices throughout an area like Swindon. 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 Swindon 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 Swindon will be revealed. Keep reading.
Are there any important statistics about the population of Swindon?
In the city of Swindon, is there a lot of green space?
In the city of Swindon, there are 34 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Swindon is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How deprived is the population of Swindon?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Swindon, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What’s crime like in Swindon?
For every one thousand people living in Swindon, 10680% 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 10680% 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.
What is the social grade score of Swindon?
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 Swindon 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 Swindon, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 24%.
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 much do people in Swindon earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (24%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Swindon, this works out to be £46,700.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What is the education level like in Swindon?
Interestingly, the percentage of people who have a degree in the city of Swindon is 22%. 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 Swindon is £46,700.00.
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.
Have the people of Swindon grown in numbers?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Swindon if 159120 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Swindon such as rental yield or house appreciation.
How has the population size of Swindon adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Swindon by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Swindon?
In the last decade, the population of Swindon has been adjusted by 8%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
The city of Swindon, situated in Wiltshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Swindon and its demographics will be compared to its wider location (South West). 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 Swindon. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Thinking of a different city and perhaps a different location?
We have prepared a list of cities that are entirely dissimilar to the region of South West, perfect if you are looking for somewhere similar to Swindon but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- balgonar in South West
- alderton in South West
- cawsand in South West
- bournemouth in South West
- almondbury in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Always consider average rental yield when searching for houses for sale in Swindon
Are there more or fewer houses being built in Swindon?
Before committing to Swindon 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 | |
|---|---|---|---|
| Swindon growth rate | 4% | 12% | 18% |
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 Swindon is building housing to find your answer.
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Swindon this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South West) alongside Wiltshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Swindon.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Swindon | £0 | £958 | £1 | £0 |
| Wiltshire | 3.55% | £1,009.95 | 140.00% | 20.50% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Swindon.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (30) will be useful.
What are the asking prices for the houses for sale in the city of Swindon?
Average price of houses for sale in Swindon
| Average asking price (1 bed) | £128,931 |
| Average asking price (2 bed) | £196,730 |
| Average asking price (3 bed) | £284,403 |
| Average asking price (4 bed) | £391,495 |
| Average asking price (5 bed) | £533,434 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Swindon 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 £1,100 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Swindon, the asking price for a house for sale in the area is £307,876.
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 Swindon. 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.
Professional advice for houses for sale in Swindon
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
In general, what do houses for sale sell for in Swindon?
In Swindon, the average sale price of a house for sale is in fact £258,884. This is dependent on the 10 year population growth of Swindon being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Swindon.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £356,612 |
| Aerage sold price (semi-detached) | £253,548 |
| Aerage sold price (terraced) | £206,198 |
| Aerage sold price (flat) | £138,896 |
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 Swindon.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,620 |
| Aerage sold price/sqft (new build) | £2,858 |
| Aerage sold price/sqft (old stock) | £2,506 |
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 £2,666. This means if you are just looking out the houses sold in Swindon in general and didn’t take into consideration the type of build. For example, a new build.
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Swindon?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
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Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
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Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
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Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
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Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
FAQ
Do properties in Swindon offer renovation potential?
Every single month in Swindon, there are 12 planning applications, of which nan result in a success. Look at this in terms of the population size of 159120 to work out if you think you’d have good planning success if you were to renovate.
How many property sales occur per month in Swindon?
30 property transactions are reported in Swindon each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
In a city like Swindon, what’s the yearly fluctuation in population?
Calculating the evolution of Swindon’s population requires an examination of the population transformation over a decade, amounting to 8%, and the five-year adjustment at 2%. 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
prices for houses on sale in the broader vicinity of Swindon?
Currently, the mean asking price of a house in Swindon is £1,100, calculated using the average value per square foot
Is investing in a house for sale in Swindon a financially demanding 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 Swindon this number is £258,884 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
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