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Beaumont Leys – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Beaumont Leys – What to look for in houses for sale?

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As a landlord, whenever you are looking at houses for sale in Leicestershire, you could find varying prices throughout an area like Beaumont Leys. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Beaumont Leys to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Beaumont Leys will be revealed. Keep reading.

House for sale in a different UK region

We have prepared a list of cities that are entirely dissimilar to the region of East Midlands, perfect if you are looking for somewhere similar to Beaumont Leys but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

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

Table showing the asking prices for houses for sale in Beaumont Leys

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £213,864
Average asking price (3 bed) £280,787
Average asking price (4 bed) £371,963
Average asking price (5 bed) no relevant data for this city

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 Beaumont Leys has a lack of supply of housing in certain categories.

On average, in Beaumont Leys, the asking price for a house for sale in the area is £273,921.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Beaumont Leys. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

What are the people like in Beaumont Leys?

In Beaumont Leys, 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 Beaumont Leys in grades A or B which are the highest skilled roles in the country is 0.1.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £34,100.00 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 0.1.

How much do people in Beaumont Leys earn?

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 Beaumont Leys, the average income is £34,100.00. 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 0.1 to decide on what the demographics are like in the area.

In Beaumont Leys, 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 Beaumont Leys is 96921.

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 Beaumont Leys.

In Beaumont Leys, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 4%. 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 Beaumont Leys 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 (4%) 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.

Beaumont Leys population difference over 10 years?

The population has adjusted in the area of Beaumont Leys by 11% 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 Beaumont Leys.

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.

In the city of Beaumont Leys, how much green space remains for residents?

In the city of Beaumont Leys, there are 15 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Beaumont Leys is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

In the city of Beaumont Leys, 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 Beaumont Leys 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 Beaumont Leys in East Midlands.

What’s crime like in Beaumont Leys?

For the city of Beaumont Leys, crime rate is at 102. So for every 1000 people in the area, 102 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

Are the people of Beaumont Leys deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Beaumont Leys, 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.

For the city of Beaumont Leys, what is the education level?

Interestingly, the percentage of people who have a degree in the city of Beaumont Leys is 19%. 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 Beaumont Leys is £34,100.00.

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.

Professional advice for houses for sale in Beaumont Leys

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

What’s the rental yield in general for the city of Beaumont Leys?

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Beaumont Leys this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Leicestershire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Beaumont Leys.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Beaumont Leys £0 £860 £1 £0
Leicestershire 3.36% £869.26 102.50% 16.04%
East Midlands 0.04 774.81 £1 19.44%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Beaumont Leys.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (41) will be useful.

In Beaumont Leys, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Beaumont Leys that shows the growth in recent years.

1 year 3 years 5 years
Beaumont Leys growth rate 7% 22% 43%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Beaumont Leys is important.

A house for sale that is right for you

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Beaumont Leys

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
  • 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.

In general, what do houses for sale sell for in Beaumont Leys?

For the city of Beaumont Leys, the average price a house sells for is £213,789. This value usually depends on the exact location of the house within Beaumont Leys as well as other factors like the population growth which is 11% over a ten-year period.

Sale price per square foot
£2,430
£2,470
£2,260

Generalising the bottom table, the average value per square foot of a house for sale is £2,430. This value averages all of the types of houses for sale in Beaumont Leys. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Beaumont Leys.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

F.A.Q.

Do properties in Beaumont Leys have the potential for renovation?

If planning permissions are abundant in the vicinity of Beaumont Leys, it may look promising for landlords looking to renovate. With 25 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 96921. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

What is the monthly count of property transactions in Beaumont Leys?

In Beaumont Leys, the monthly property transaction count reaches 41, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the annual population shift in a city such as Beaumont Leys?

Calculating the evolution of Beaumont Leys’s population requires an examination of the population transformation over a decade, amounting to 11%, and the five-year adjustment at 4%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

What is the asking price for houses for sale in the wider region of Beaumont Leys?

The average cost per square foot for a house in Beaumont Leys is presently £0.

Would acquiring a house for sale in Beaumont Leys be regarded as a high-priced option?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Beaumont Leys this number is £213,789 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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