Monday, 1 October 2018

Bo’ness Property - Do you know the Facts and Figures?


Here at The Key Place, we can guide you to the right places to identify property values and yields in Bo’ness and, as well as that, we can provide you with other useful property related information so you can make sure you know all you need to know before making your future investments.

I was reminded of this the other day when I was chatting to a landlord of mine and he said that I was a font of useful information about the Bo’ness property market ..... at least I think he said useful! 

This got me thinking that others may be interested in some ‘useful’ property facts about our town of Bo’ness ....

There are 219 streets in Bo’ness with 6,692 households, and just over 30% of those houses (2,111 to be precise) have changed hands in the last 10 years.

Compared to the national average, Bo’ness has 13% less detached houses, 26% more semi detached houses, 45% more terraced houses and 31% less flats. This ties in with Bo’ness having significantly lower single person property occupancy compared to the national average (31% vs 35%) and correspondingly more 2 person + households.

Bo’ness has slightly more owned properties than the national average (63% vs 62%) and more Council/social renting than nationally (28% vs 24%).  Overall this means that only 9% of properties in Bo’ness are privately rented which is much lower than the national average of 14%. Given that there is a shift towards people renting rather than buying their own home, this means that there is slightly more to ‘go after’ in Bo’ness.

We also have information at our fingertips on seemingly daft things which can turn out to be quite important.  For example, 86% of properties in Bo’ness have gas central heating which is much higher than the national average of 74%.  This is really useful to know when refurbishing a flat and considering whether you can ‘get away’ with electrical heating ..... it is less likely that you can in Bo’ness

I could go on but I better not!

If you would like more useful facts and figures pop in to see us at our offices (6 Vicar Street, Falkirk), call us (01506 828096) or email us (news@thekeyplace.co.uk).

                                                            www.thekeyplace.co.uk

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