Barrow upon Soar 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 Leicestershire.
Before looking for a house for sale in the city of Barrow upon Soar 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 Barrow upon Soar.
What kind of demographics does the city of Barrow upon Soar have?
In the city of Barrow upon Soar, is there a lot of 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 Barrow upon Soar, the city has no relevant data for this city 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 Barrow upon Soar.
Is the education level of Barrow upon Soar important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Barrow upon Soar is 30%. 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 Barrow upon Soar is £48,900.
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.
Barrow upon Soar in the county of Leicestershire is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Barrow upon Soar is located in; East Midlands.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Barrow upon Soar, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
How deprived is the population of Barrow upon Soar?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 19% for Barrow upon Soar should give you a nice idea of the deprivation in the area.
In Barrow upon Soar, what is the social grade score?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.
The number of people in Barrow upon Soar in grades A or B which are the highest skilled roles in the country is 28%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £48,900 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 28%.
Are the people in Barrow upon Soar earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Barrow upon Soar, the average income is £48,900. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 28% to decide on what the demographics are like in the area.
In Barrow upon Soar, how has the population changed?
The city of Barrow upon Soar has a total population of 61,907. 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 Barrow upon Soar 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 Barrow upon Soar
Over time, in the last five years, the population of the city of Barrow upon Soar has changed by 7%. 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 7% 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 Barrow upon Soar?
In the last 10 years, there has been a shift in the population of 14%.
Comparing this to the 5 year figure of Barrow upon Soar 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 Barrow upon Soar, what is the crime rate?
In Barrow upon Soar, for every 1000 people, there is currently a crime rate of 66. 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 (66 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.
Asking price in Barrow upon Soar for a house for sale
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Barrow upon Soar is £321,501.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Barrow upon Soar is useful when negotiating and knowing what to expect for every type of house for sale.
Average price of houses for sale in Barrow upon Soar
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£210,094|
|Average asking price (3 bed)||£293,717|
|Average asking price (4 bed)||£460,974|
|Average asking price (5 bed)||£614,165|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Barrow upon Soar is £0. This should show you the general prices overall and for individual types of houses too.
In general, what do houses for sale sell for in Barrow upon Soar?
In Barrow upon Soar, houses for sale are sold at an average of £245,360. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Barrow upon Soar. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£323,508|
|Aerage sold price (semi-detached)||£204,833|
|Aerage sold price (terraced)||£176,196|
|Aerage sold price (flat)||£129,058|
As you can see above, for Barrow upon Soar, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 14% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,500|
|Aerage sold price/sqft (new build)||£2,440|
|Aerage sold price/sqft (old stock)||£2,400|
Looking at the second table about Barrow upon Soar, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Barrow upon Soar is £2,500.
In Barrow upon Soar, what are the rental yields?
In Barrow upon Soar, how has the number of houses changed?
The growth of an area like Barrow upon Soar can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Barrow upon Soar growth rate||2%||10%||14%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Barrow upon Soar if you want to find out the exact reasons for the housing change.
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 Barrow upon Soar. 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 Barrow upon Soar.
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 (Leicestershire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Barrow upon Soar.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Barrow upon Soar||3.3%||£877||140%||21.0%|
You may also find it useful to compare the data above to the number of properties sold per month Barrow upon Soar experiences. This figure for house sales per month is 66. 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.
Invest in houses for sale in Barrow upon Soar with the right professional advice
Thinking about other cities with houses for sale?
See here below a list of cities in the same UK region of Barrow upon Soar which is East Midlands. You might want to consider these as alternatives for your next real estate investment:
- Armthorpe in East Midlands
- Adlingfleet in East Midlands
- Ault-Hucknall in East Midlands
- Lenton in East Midlands
- Alfreton in East Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
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
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Barrow upon Soar.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.