Barnsbury – What to look for in houses for sale?

Whenever looking for a house for sale in the UK or in Barnsbury, it is vital you look at the market trends and house price fluctuations in the wider area of London too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Barnsbury.

In this article, we will be looking at the city of Barnsbury in detail so you know how to navigate the area and have a better understanding on where to invest.

Choose the right house for sale that suits your needs

When browsing houses for sale in Barnsbury you should think about lots of different criteria:

• House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
• Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
• House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
• Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
• energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
• Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
• Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
• Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
• 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.

Why you should consider the average rental yield when searching for houses for sale in Barnsbury

Are there new houses being built in Barnsbury to make it grow?

Before committing to Barnsbury 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.

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 Barnsbury is building housing to find your answer.

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 Barnsbury. 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 Barnsbury.

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 (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Barnsbury.

You may also find it useful to compare the data above to the number of properties sold per month Barnsbury experiences. This figure for house sales per month is 41. 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.

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

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Barnsbury determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £637,418.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Barnsbury.

Table showing the asking prices for houses for sale in Barnsbury

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Barnsbury 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 £8,510 should also give you an overview of what the asking price for houses for sale are in general.

What kind of demographics does the city of Barnsbury have?

How much are those living in Barnsbury earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £52,950.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Barnsbury this figure is 34%.

Do the people of Barnsbury get to enjoy green space?

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 Barnsbury, the city has 1 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 Barnsbury.

What is the education level like in Barnsbury?

The number of people as a percentage who have been through university and gained a degree is 46%. The ability to buy a home is greatly influenced by the number of people who have degrees. £52,950.00 is the amount people in Barnsbury are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Barnsbury, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

The city of Barnsbury, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Barnsbury and its demographics will be compared to its wider location (Greater London). 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 Barnsbury. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is the city of Barnsbury deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Barnsbury is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Barnsbury, what is the crime rate?

In Barnsbury, for every 1000 people, there is currently a crime rate of 17100%. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (17100% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

What is the population of Barnsbury?

The city of Barnsbury has a total population of 136745. 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 Barnsbury 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 Barnsbury

Over time, in the last five years, the population of the city of Barnsbury has changed by 9%. 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 9% 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 Barnsbury?

In the last 10 years, there has been a shift in the population of 23%.

Comparing this to the 5 year figure of Barnsbury 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.

What is a social grade score and how does this relate to Barnsbury?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Barnsbury, the percentage of people in the two highest categories, A and B is 34%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £52,950.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (34%).

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

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

• Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
• Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
• Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
• Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
• Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
• EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

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

In Barnsbury, the average sale price of a house for sale is in fact £641,233. This is dependent on the 10 year population growth of Barnsbury being 23%. Growing populations are more likely to inflate the prices of houses for sale in the city of Barnsbury.

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 Barnsbury.

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 £8,595. This means if you are just looking out the houses sold in Barnsbury in general and didn’t take into consideration the type of build. For example, a new build.

Thinking of a different city and perhaps a different location?

If you are looking for similar places to buy a house that are just like Barnsbury, examine this short list of cities below from outside of the region of Greater London for some inspiration.

• auldhouse in Greater London
• bearpark in Greater London
• fforest in Greater London
• ford in Greater London
• bonnyton in Greater London

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.