Blackbrook 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 Staffordshire.
Before looking for a house for sale in the city of Blackbrook 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 Blackbrook.
In general, what do houses for sale sell for in Blackbrook?
As well as looking at the asking price for house for sale in Blackbrook, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Blackbrook.
Houses for sale, are sold on average in Blackbrook, after the influence of these factors, at £159,287 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 5% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£253,029|
|Aerage sold price (semi-detached)||£153,733|
|Aerage sold price (terraced)||£109,987|
|Aerage sold price (flat)||£70,833|
This table above shows the average sale price for each variation of houses for sale in Blackbrook.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,780|
|Aerage sold price/sqft (new build)||£2,270|
|Aerage sold price/sqft (old stock)||£1,710|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Blackbrook is £2,070.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Asking price in Blackbrook for a house for sale
Table showing the asking prices for houses for sale in Blackbrook
|Average asking price (1 bed)||£80,995|
|Average asking price (2 bed)||£140,741|
|Average asking price (3 bed)||£207,876|
|Average asking price (4 bed)||£325,168|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£2,360) for houses for sale with this table to get a good idea as to whether Blackbrook is the right area to buy a house in for you.
When speaking about the city of Blackbrook, £191,975 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 would be after a larger house than someone living alone in Blackbrook.
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.
What’s the rental yield in general for the city of Blackbrook?
In Blackbrook, 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 Blackbrook that shows the growth in recent years.
|1 year||3 years||5 years|
|Blackbrook growth rate||1%||19%||31%|
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 Blackbrook is important.
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 Blackbrook this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (West Midlands) alongside Staffordshire 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 Blackbrook.
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)|
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 Blackbrook.
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 (62) will be useful.
What kind of demographics does the city of Blackbrook have?
How much do people in Blackbrook earn?
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.
£38,800 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 19% for Blackbrook.
What’s crime like in Blackbrook?
For the city of Blackbrook, crime rate is at 92. So for every 1000 people in the area, 92 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.
What is the population of Blackbrook?
Population growth in Blackbrook 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 Blackbrook, 82,175 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 Blackbrook 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 Blackbrook, this change has been 2%. 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 2%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Blackbrook?
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 5% in Blackbrook.
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.
What is the social grade score of Blackbrook?
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 Blackbrook, the percentage of people in the two highest categories, A and B is 19%. 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 £38,800. This income will generally get bigger as the percentage of people in the A and B categories go up too (19%).
Is the education level of Blackbrook important when buying a house?
In Blackbrook, the proportion of people who have a degree is 23%. 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 Blackbrook is £38,800.
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.
In the city of Blackbrook, 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 Staffordshire for example.
These demographics for Blackbrook 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 Blackbrook in West Midlands.
In the city of Blackbrook, is there a lot of green space?
Whether you view green space in Blackbrook 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 Blackbrook, the number of acres of green space for every 1000 people currently is 22.2 which can be measured against the UK average of 1.7.
Are the people of Blackbrook deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Blackbrook, currently, 27% 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.