St Teath Property Review
The cost of housing is a particular problem for many people in communities like St Teath where wages and salaries are relatively low, but the cost of housing is high. To address this problem, several new 'affordable housing' developments are underway in North Cornwall and that at Bruallen, North Road, St Teath has just welcomed its first occupants.
The entrance from North Road is on the far right.
These properties cost over £100,000 and a mortgage for just this sum would perhaps cost £650 per month* - difficult to service, but perhaps manageable by comparison with an older terrace house in the village. Bruallen houses are subject to a series of conditions which favour the needs of local people.
Sale prices for properties in general, including those in St Teath, are available on several websites which use information from the Land Registry. The table below shows how average sale prices have changed over the past three years. While they suggest that prices are about the UK average, changes over the last three years are not based on enough properties to be significant. This is quite marked in the case of St Tudy where prices are subject to even wider variation - the price of one or two expensive or cheap properties can have a large effect on the average.
All Houses| Year | St Teath | St Tudy | Delabole | Av. UK† |
|---|---|---|---|---|
| 2007 | 222,200(16) | 337,056(9) | 210,273(43) | £230,474 |
| 2006 | 229,426(19) | 222,217(9) | 175,708(43) | |
| 2005 | 225,423(20) | 268,583(6) | 157,034(24) |
All prices in £. Figures in brackets indicate the number of sales. † End of year, see here.
In St Teath Parish year on year price changes are more significant for Delabole, with a larger number of sales, many of these new builds. By comparing prices for one category, terraced houses, we can perhaps get a more reliable indication of price trends. In both villages prices appear to have risen.
Terraced houses| Year | St Teath | Delabole | Av. UK† |
|---|---|---|---|
| 2007 | 208,179 | 148,650 | 183,410 |
| 2006 | 174,950 | 138,026 |
There has been a lot of speculation in the press about the possibility of a recession and what it means for the housing market. Nobody is sure how 2008 will develop, but we can be sure that more 'affordable housing' schemes will be proposed for St Teath.
You can find properties currently for sale in St Teath here.
∗A rough idea of the monthly costs on a straight repayment mortgage
can be obtained from the BBC calculator here.
January 2008
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