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As a landlord, whenever you are looking at houses for sale in North Lanarkshire, you could find varying prices throughout an area like Bellside. 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 Bellside 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 Bellside will be revealed. Keep reading.
Thinking of a different city and perhaps a different location?
You can consult our list below that goes over a list of cities not necessarily in Scotland, allowing you to find similar places to Bellside:
- hemel-hempstead in Scotland
- austhorpe in Scotland
- caldermill in Scotland
- berrynarbor in Scotland
- aberedw in Scotland
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
In general, for the city of Bellside, what are the final purchase prices for the houses for sale?
For the city of Bellside, the average price a house sells for is £130,025. This value usually depends on the exact location of the house within Bellside as well as other factors like the population growth which is 1% over a ten-year period.
| Sale price per square foot |
|---|
| £1,490 |
| £1,410 |
| £1,490 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,490. This value averages all of the types of houses for sale in Bellside. 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 Bellside.
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.
What are the demographics like in the city of Bellside?
What does the population of Bellside look like?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bellside if 54078 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bellside such as rental yield or house appreciation.
How has the population size of Bellside adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Bellside by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Bellside?
In the last decade, the population of Bellside has been adjusted by 1%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Bellside, what is the crime rate?
In Bellside, for every 1000 people, there is currently a crime rate of no relevant data for this city. 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 (no relevant data for this city 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.
How much green space is available to residents of Bellside?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bellside, the city has 32 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bellside.
Is the education level of Bellside important when buying a house?
In Bellside, the proportion of people who have a degree is no relevant data for this city. 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 Bellside is no relevant data for this city.
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’s a social grade score and how does it relate to Bellside?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bellside, the percentage of people in the two highest categories, A and B is no relevant data for this city. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is no relevant data for this city. This income will generally get bigger as the percentage of people in the A and B categories go up too (no relevant data for this city).
What salary does the community in Bellside take home?
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 Bellside, the average income is no relevant data for this city. 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 no relevant data for this city to decide on what the demographics are like in the area.
Bellside in the county of North Lanarkshire 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 Bellside is located in; Scotland.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bellside, 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.
Are the deprivation levels of the UK any different to Bellside?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bellside, in particular, the deprivation levels are no relevant data for this city.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In Bellside, what are the rental yields?
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Bellside.
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 (North Lanarkshire) as well as the broader region; Scotland.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bellside | £0 | £663 | no relevant data for this city | £1 |
| North Lanarkshire | 4.70% | £633.50 | no relevant data for this city | 59.85% |
| Scotland | 0.05 | 871.42 | £1 | 59.40% |
Also, you can compare other data to the table above such as the number of houses sold per month in Bellside which is no relevant data for this city 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 Bellside is to invest in. Both in terms of rental yield and capital appreciation.
In Bellside, how has the number of houses changed?
The growth of an area like Bellside can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bellside growth rate | -13% | -5% | no relevant data for this city |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Bellside if you want to find out the exact reasons for the housing change.
Who can help you buy a house for sale in Bellside?
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
In Bellside, what is the asking price in general for a house for sale?
In the city of Bellside, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £66,860 |
| Average asking price (2 bed) | £105,138 |
| Average asking price (3 bed) | £164,571 |
| Average asking price (4 bed) | £261,611 |
| Average asking price (5 bed) | no relevant data for this city |
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Bellside is £0. This should show you the general prices overall and for individual types of houses too.
When speaking about the city of Bellside, £158,524 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Bellside would be after a larger house than someone living alone.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
A house for sale that is right for you
When browsing houses for sale in Bellside you should think about lots of different criteria:
- House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
- Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
- House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
- Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
- energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
- Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
- Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
- Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
- 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.
Frequently Asked Questions (FAQ)
Do properties in Bellside have the potential for renovation?
If planning permissions are abundant in the vicinity of Bellside, it may look promising for landlords looking to renovate. With no relevant data for this city getting approved on a monthly basis, and a success rate of no relevant data for this city, these prospects flourish against a population of 54078. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
On a monthly basis, how many property transactions take place in Bellside?
The city of Bellside sees around no relevant data for this city property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
How does the population in a city like Bellside change annually?
When evaluating the population trajectory of Bellside, explore the decade-spanning population shift of 1% and the five-year modification of population of 1%. By drawing comparisons, see if demographic changes in your chosen area is
What are the asking rates for houses for sale in the surrounding area of Bellside?
The current average price per square foot for a house in Bellside stands at £0, considering the mean cost for each square foot of houses for sale there.
Does opting for a house for sale in Bellside come with a hefty price tag?
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 Bellside this number is £130,025 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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