Beeston 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 Bedfordshire.
Before looking for a house for sale in the city of Beeston 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 Beeston.
What’s the rental yield in general for the city of Beeston?
Are there new houses being built in Beeston to make it grow?
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 Beeston that shows the growth in recent years.
|1 year||3 years||5 years|
|Beeston growth rate||0%||14%||25%|
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 Beeston is important.
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 Beeston, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Bedfordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||0.03||1,148.32||£1||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Beeston you might be interested in the number of sales per month (22) that happen in the local housing market. Comparing this figure for Beeston with the above table gives you a good understanding of the profitability of the area.
On average, what is the figure for the asking price of a house for sale in Beeston?
The average asking price for the houses for sale in the city of Beeston
|Average asking price (1 bed)||£147,100|
|Average asking price (2 bed)||£208,121|
|Average asking price (3 bed)||£274,104|
|Average asking price (4 bed)||£328,004|
|Average asking price (5 bed)||£682,723|
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 Beeston has a lack of supply of housing in certain categories.
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 Beeston is £270,026.
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 Beeston is useful when negotiating and knowing what to expect for every type of house for sale.
Advice from experts on properties for sale in Beeston
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.
What kind of demographics does the city of Beeston have?
Beeston in the county of Bedfordshire 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 Beeston is located in; East of England.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Beeston, 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.
In Beeston, what is the crime rate?
For the city of Beeston, crime rate is at 17250%. So for every 1000 people in the area, 17250% 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 in Beeston 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 Beeston, the average income is £41,850.00. 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 19% to decide on what the demographics are like in the area.
In Beeston, 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 Beeston 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.
How educated are the people in Beeston?
In the city of Beeston, 23% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Beeston is £41,850.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Beeston?
In the city of Beeston and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Beeston has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 19%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 the city of Beeston, is there a lot of green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Beeston, 15 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Beeston.
What is the population of Beeston?
The city of Beeston has a total population of 58929. 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 Beeston 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 Beeston
Over time, in the last five years, the population of the city of Beeston has changed by 5%. 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 5% 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 Beeston?
In the last 10 years, there has been a shift in the population of 11%.
Comparing this to the 5 year figure of Beeston 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.
houses for sale in other cities and regions in the UK
Below is a list of towns that differ from Beeston.
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 East of England:
- bournemouth in East of England
- belton in East of England
- emsworth in East of England
- blackburn in East of England
- greenock in East of England
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.
In general, for the city of Beeston, what are the final purchase prices for the houses for sale?
For the city of Beeston, the average price a house sells for is £217,112. This value usually depends on the exact location of the house within Beeston as well as other factors like the population growth which is 11% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£314,603|
|Aerage sold price (semi-detached)||£218,406|
|Aerage sold price (terraced)||£168,033|
|Aerage sold price (flat)||£140,373|
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 Beeston.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,265|
|Aerage sold price/sqft (new build)||£2,620|
|Aerage sold price/sqft (old stock)||£2,200|
Generalising the bottom table, the average value per square foot of a house for sale is £2,265. This value averages all of the types of houses for sale in Beeston. 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 Beeston.
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.
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Beeston?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Frequently Asked Questions (FAQ)
Are there opportunities for property renovation in Beeston?
Beeston is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 8 each month, attaining a success rate of nan and a total population of 58929. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What is the monthly count of property transactions in Beeston?
In the city of Beeston, there are 22 and in the total for the UK, there are around 1.1 million property sales.
What is the population change each year in a city like Beeston?
To work out how the population of Beeston has changed over time, you can look at the population change over a decade which is 11% and the change in a five year period two which falls at 5%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
In the larger vicinity of Beeston, what is the cost of houses available for sale?
In Beeston, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Is investing in a house for sale in Beeston a financially demanding choice?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Beeston, this stands at £217,112, whereas the UK’s mean is £286,500.