Barton 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 Devon.
Before looking for a house for sale in the city of Barton 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 Barton.
Are there any important statistics about the population of Barton?
Is the city of Barton deprived?
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 24% for Barton should give you a nice idea of the deprivation in the area.
Do the people of Barton get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Barton currently has 14.5 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Barton in this case.
What is the education level like in Barton?
In Barton, the proportion of people who have a degree is 24%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Barton is £40,433.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What salary does the community in Barton take home?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (22%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Barton, this works out to be £40,433. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
The city of Barton, situated in Devon, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Barton and its demographics will be compared to its wider location (South West). 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 Barton. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Barton, 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 Barton is 90,506.
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 Barton.
In Barton, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Barton 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 (3%) 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.
Barton population difference over 10 years?
The population has adjusted in the area of Barton by 4% 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 Barton.
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 is the social grade score of Barton?
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 Barton in grades A or B which are the highest skilled roles in the country is 22%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,433 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 22%.
Is the crime rate bad in the city of Barton?
For every one thousand people living in Barton, 94 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 94 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Why you should consider the average rental yield when searching for houses for sale in Barton
Is the housing market in Barton growing?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Barton at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Barton growth rate||-1%||12%||18%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Barton gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Barton.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Barton, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Devon, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Barton you might be interested in the number of sales per month (76) that happen in the local housing market. Comparing this figure for Barton with the above table gives you a good understanding of the profitability of the area.
In Barton, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barton. In Barton, this sale price works out to be £229,672. As an example, a factor like population growth over the last 10 years which works out to be 4% in Barton and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£318,619|
|Average sold price (semi-detached)||£202,501|
|Average sold price (terraced)||£167,840|
|Average sold price (flat)||£143,936|
Above, the exact type of house is also shown to vary in price in a table in Barton. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,210|
|Average sold price/sqft (new build)||£2,390|
|Average sold price/sqft (old stock)||£2,127|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Barton which is £2,307. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
In Barton, what is the asking price in general for a house for sale?
The average asking price for the houses for sale in the city of Barton
|Average asking price (1 bed)||£122,500|
|Average asking price (2 bed)||£209,169|
|Average asking price (3 bed)||£271,541|
|Average asking price (4 bed)||£446,564|
|Average asking price (5 bed)||£505,939|
After looking at this table about prices of houses for sale in Barton, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £907 will help them to have a more wholistic understanding.
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 Barton 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 £301,963.
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 Barton.