As a landlord, whenever you are looking at houses for sale in Newport, you could find varying prices throughout an area like Beechwood. 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 Beechwood 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 Beechwood will be revealed. Keep reading.
In general, for the city of Beechwood, what are the final purchase prices for the houses for sale?
For the city of Beechwood, the average price a house sells for is £162,412. This value usually depends on the exact location of the house within Beechwood as well as other factors like the population growth which is 8% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £251,789 |
| Aerage sold price (semi-detached) | £175,790 |
| Aerage sold price (terraced) | £135,482 |
| Aerage sold price (flat) | £105,089 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Beechwood.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,810 |
| Aerage sold price/sqft (new build) | £2,080 |
| Aerage sold price/sqft (old stock) | £1,640 |
Generalising the bottom table, the average value per square foot of a house for sale is £2,300. This value averages all of the types of houses for sale in Beechwood. 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 Beechwood.
House for sale in a different UK region
Below is a list of towns that differ from Beechwood.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Wales:
- Caldermill in Wales
- Harrow in Wales
- Cliff End in Wales
- Leicester in Wales
- Abercrombie in Wales
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Why you should consider the average rental yield when searching for houses for sale in Beechwood
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Beechwood.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Newport) as well as the broader region; Wales.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Beechwood | 4.7% | £819 | 127% | 19.0% |
| Newport | 4.20% | £851 | 118.67% | 17.23% |
| Wales | 4.28% | £861 | 133.18% | 14.84% |
Also, you can compare other data to the table above such as the number of houses sold per month in Beechwood which is 44 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Beechwood is to invest in. Both in terms of rental yield and capital appreciation.
Is the housing market in Beechwood 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 Beechwood at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Beechwood growth rate | 7% | 14% | 37% |
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 Beechwood 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 Beechwood.
A house for sale appropriate to your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Beechwood
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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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
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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?
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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.
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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 Beechwood, what are the demographics like?
In Beechwood, what is the crime rate?
In Beechwood, for every 1000 people, there is currently a crime rate of 140. 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 (140 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.
In the city of Beechwood, 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 Newport for example.
These demographics for Beechwood 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 Beechwood in Wales.
What’s a social grade score and how does it relate to Beechwood?
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 Beechwood in grades A or B which are the highest skilled roles in the country is 11%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £34,600 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 11%.
Are the people in Beechwood earning a lot?
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.
£34,600 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 11% for Beechwood.
How educated are the people in Beechwood?
The number of people as a percentage who have been through university and gained a degree is 17%. The ability to buy a home is greatly influenced by the number of people who have degrees. £34,600 is the amount people in Beechwood 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 Beechwood, 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 Beechwood, has the population grown or shrunk?
In total, the number of people in Beechwood is 51,569. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Beechwood, depending on where exactly you are.
How has Beechwood changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Beechwood has changed by 6%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 6% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Beechwood?
8% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Beechwood have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
In the city of Beechwood, is there a lot of green space?
Whether you view green space in Beechwood as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Beechwood, the number of acres of green space for every 1000 people currently is 7.3 which can be measured against the UK average of 1.7.
Are the people of Beechwood 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 Beechwood is 33% 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.
Professional advice for houses for sale in Beechwood
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
In Beechwood, what is the asking price in general for a house for sale?
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 Beechwood 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 £207,035.
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 Beechwood.
Average price of houses for sale in Beechwood
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £155,884 |
| Average asking price (3 bed) | £212,486 |
| Average asking price (4 bed) | £329,183 |
| 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 £2,780. 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 Beechwood has a lack of supply of housing in certain categories.
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