Whenever looking for a house for sale in the UK or in Babworth, it is vital you look at the market trends and house price fluctuations in the wider area of Nottinghamshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Babworth.
In this article, we will be looking at the city of Babworth in detail so you know how to navigate the area and have a better understanding on where to invest.
In Babworth, what are the rental yields?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Babworth, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are there more or fewer houses being built in Babworth?
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 Babworth at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Babworth growth rate||-3%||12%||18%|
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 Babworth 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 Babworth.
Are there any important statistics about the population of Babworth?
What is the education level like in Babworth?
In the city of Babworth, 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 Babworth is £39,000.00.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How much do people in Babworth earn?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Babworth. Compare the area’s average household income of £39,000.00 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 17% for more conclusive data on the affluence of the area.
Is there sufficient green space in Babworth?
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 Babworth currently has 12 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 Babworth in this case.
What is the city of Babworth’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Babworth compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Babworth, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 17%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
The city of Babworth, situated in Nottinghamshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Babworth and its demographics will be compared to its wider location (East Midlands). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Babworth. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is the crime rate bad in the city of Babworth?
Within Babworth, the number of people committing crimes is 10300% 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 10300% figure carefully.
In Babworth, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Babworth if 35936 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 Babworth such as rental yield or house appreciation.
How has the population size of Babworth adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Babworth by 3%. 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 3% 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 Babworth?
In the last decade, the population of Babworth has been adjusted by 5%. 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.
Is the city of Babworth deprived?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Babworth is £0.
In Babworth, what do houses for sale tend to sell for?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Babworth. In Babworth, this sale price works out to be £187,898. As an example, a factor like population growth over the last 10 years which works out to be 5% in Babworth and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£257,820|
|Average sold price (semi-detached)||£142,721|
|Average sold price (terraced)||£118,341|
|Average sold price (flat)||£104,702|
Above, the exact type of house is also shown to vary in price in a table in Babworth. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£1,790|
|Average sold price/sqft (new build)||£1,980|
|Average sold price/sqft (old stock)||£1,670|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Babworth which is £1,790. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Other cities in different locations you can consider to buy property
You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Babworth:
- badenscoth in East Midlands
- aberbargoed in East Midlands
- dalmeny in East Midlands
- almeley in East Midlands
- brighton in East Midlands
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
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Babworth?
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.
Advice from experts on properties for sale in Babworth
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
What are the asking prices for the houses for sale in the city of Babworth?
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 Babworth is £271,145.
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 Babworth is useful when negotiating and knowing what to expect for every type of house for sale.
The average asking price for the houses for sale in the city of Babworth
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£146,250|
|Average asking price (3 bed)||£228,754|
|Average asking price (4 bed)||£385,690|
|Average asking price (5 bed)||£572,966|
After looking at this table about prices of houses for sale in Babworth, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
If you are a landlord, should you renovate a property in the city of Babworth?
If planning permissions are abundant in the vicinity of Babworth, it may look promising for landlords looking to renovate. With 16 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 35936. 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 Babworth?
26 property transactions are reported in Babworth each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What’s the annual population shift in a city such as Babworth?
For a comprehensive analysis of Babworth’s population trends, observe the population fluctuation over a decade, indicated by 5%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.
What are the asking rates for houses for sale in the surrounding area of Babworth?
In Babworth, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Would acquiring a house for sale in Babworth be regarded as a high-priced option?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Babworth, this stands at £187,898, whereas the UK’s mean is £286,500.