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How much does a house for sale cost in Barrow upon Soar?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Barrow upon Soar?

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Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Barrow upon Soar, Leicestershire.

From the average asking price of houses for sale in Barrow upon Soar, to the growth of the population in the area, all will be talked about regarding the city of Barrow upon Soar. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

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

When speaking about the city of Barrow upon Soar, £321,501 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Barrow upon Soar would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

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 above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Barrow upon Soar has a lack of supply of housing in certain categories.

In general, what do houses for sale sell for in Barrow upon Soar?

In Barrow upon Soar, the average sale price of a house for sale is in fact £245,360. This is dependent on the 10 year population growth of Barrow upon Soar being 14%. Growing populations are more likely to inflate the prices of houses for sale in the city of Barrow upon Soar.

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

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 Barrow upon Soar.

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

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 £2,500. This means if you are just looking out the houses sold in Barrow upon Soar in general and didn’t take into consideration the type of build. For example, a new build.

In Barrow upon Soar, what are the demographics like?

What is a social grade score and how does this relate to Barrow upon Soar?

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 Barrow upon Soar 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 Barrow upon Soar, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 28%.

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

In Barrow upon Soar, how has the population changed?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Barrow upon Soar is 61907.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Barrow upon Soar.

In Barrow upon Soar, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 7%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Barrow upon Soar is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (7%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Barrow upon Soar population difference over 10 years?

The population has adjusted in the area of Barrow upon Soar by 14% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Barrow upon Soar.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

What’s the crime rate in Barrow upon Soar?

In Barrow upon Soar, for every 1000 people, there is currently a crime rate of 6600%. 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 (6600% 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 education level like in Barrow upon Soar?

The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £48,900.00 is the amount people in Barrow upon Soar 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 Barrow upon Soar, 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.

In the city of Barrow upon Soar, how much green space remains for residents?

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.

How much do people in Barrow upon Soar earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£48,900.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 28% for Barrow upon Soar.

In the city of Barrow upon Soar, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Leicestershire for example.

These demographics for Barrow upon Soar may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Barrow upon Soar in East Midlands.

In Barrow upon Soar, what are the deprivation levels like?

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 Barrow upon Soar 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.

A house for sale appropriate to 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.

Professional advice for houses for sale in Barrow upon Soar

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

What’s the rental yield in general for the city of Barrow upon Soar?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Barrow upon Soar, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).

In Barrow upon Soar, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Barrow upon Soar, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Barrow upon Soar growth rate 2% 10% 14%

As the population of Barrow upon Soar grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

House for sale in a different UK region

You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Barrow upon Soar:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

F.A.Q.

Do properties in Barrow upon Soar have the potential for renovation?

Properties in the city of Barrow upon Soar may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 38 approvals every month with an approval of nan based on a population of 61907. Compare other places in the UK to make this figure make more sense.

How many property sales occur per month in Barrow upon Soar?

In the city of Barrow upon Soar, there are 45 and in the total for the UK, there are around 1.1 million property sales.

In a city like Barrow upon Soar, what’s the yearly fluctuation in population?

For a comprehensive analysis of Barrow upon Soar’s population trends, observe the population fluctuation over a decade, indicated by 14%, and the five-year alteration represented by 7%. Perhaps also look at data from another nearby city too so you can see a comparison.

How much are houses for sale priced at in the extended region of Barrow upon Soar?

In Barrow upon Soar, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Would acquiring a house for sale in Barrow upon Soar be regarded as a high-priced option?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Barrow upon Soar, this stands at £245,360, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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