Beeston can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Beeston.
On top of this, keep reading for detailed information on the demographics of Beeston in Bedfordshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Beeston, what are the demographics like?
Is the education level of Beeston important when buying a house?
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.
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?
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 Beeston in grades A or B which are the highest skilled roles in the country is 19%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £41,850 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 19%.
How much do people in Beeston earn?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £41,850.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Beeston this figure is 19%.
How much green space is available to residents of Beeston?
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 Beeston currently has 14.9 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 Beeston in this case.
Located in Bedfordshire is the city of Beeston, in a large part of the UK; East of England. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Beeston has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Beeston which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
In the city of Beeston, has the population grown or shrunk?
Population growth in Beeston is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Beeston, 58,929 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Beeston in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Beeston, this change has been 5%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 5%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Beeston?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 11% in Beeston.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
In Beeston, what are the deprivation levels like?
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 28% for Beeston should give you a nice idea of the deprivation in the area.
In Beeston, what is the crime rate?
Within Beeston, the number of people committing crimes is 173 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 173 figure carefully.
What is the asking price on average of houses for sale in Beeston?
Table showing the asking prices for houses for sale in 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.
How are rental yields of the houses for sale different to the rest of the UK in Beeston?
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Beeston. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Beeston.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Bedfordshire), a regional level (East of England) and finally on the level of the city talked about in this article, Beeston.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||3.49%||£1,148||126.76%||16.58%|
You may also find it useful to compare the data above to the number of properties sold per month Beeston experiences. This figure for house sales per month is 36. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
Are there more or fewer houses being built in Beeston?
Before committing to Beeston to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Beeston growth rate||0%||14%||25%|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Beeston is building housing to find your answer.
In Beeston, what do houses for sale tend to sell for?
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 in Beeston 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.