Balderton 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 Balderton.
On top of this, keep reading for detailed information on the demographics of Balderton in Nottinghamshire. 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 general, what do houses for sale sell for in Balderton?
As well as looking at the asking price for house for sale in Balderton, 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 Balderton.
Houses for sale, are sold on average in Balderton, after the influence of these factors, at £184,947 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 7% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£256,518|
|Aerage sold price (semi-detached)||£164,107|
|Aerage sold price (terraced)||£133,068|
|Aerage sold price (flat)||£101,625|
This table above shows the average sale price for each variation of houses for sale in Balderton.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,960|
|Aerage sold price/sqft (new build)||£2,240|
|Aerage sold price/sqft (old stock)||£1,830|
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 Balderton is £2,310.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the asking prices for the houses for sale in the city of Balderton?
Table showing the asking prices for houses for sale in Balderton
|Average asking price (1 bed)||£115,833|
|Average asking price (2 bed)||£162,303|
|Average asking price (3 bed)||£227,811|
|Average asking price (4 bed)||£351,428|
|Average asking price (5 bed)||£465,000|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Balderton and if you may need to look at a different area in order to buy the type of house you can afford.
Also, noting the £2,660 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Balderton, the asking price for a house for sale in the area is £241,285.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Balderton. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
What are the demographics like in the city of Balderton?
What does the population of Balderton 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 Balderton if 44,768 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 Balderton such as rental yield or house appreciation.
How has the population size of Balderton adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Balderton by 4%. 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 4% 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 Balderton?
In the last decade, the population of Balderton has been adjusted by 7%. 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 Balderton, what is the 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 Balderton 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 Balderton, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 18%.
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|
Is the crime rate bad in the city of Balderton?
For every one thousand people living in Balderton, 132 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 132 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Balderton within Nottinghamshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Balderton will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East Midlands). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Balderton.
Are the people of Balderton deprived?
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 Balderton is 24% 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.
Are the people in Balderton 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 Balderton, the average income is £40,100. 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 18% to decide on what the demographics are like in the area.
What is the education level like in Balderton?
In the city of Balderton, 21% 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 Balderton is £40,100.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Balderton, is there a lot of green space?
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 Balderton currently has 9.7 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 Balderton in this case.
What’s the rental yield in general for the city of Balderton?
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 Balderton. 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 Balderton.
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 (Nottinghamshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Balderton.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Balderton experiences. This figure for house sales per month is 43. 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.
In Balderton, how has the number of houses changed?
The growth of an area like Balderton 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|
|Balderton growth rate||-5%||10%||27%|
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 Balderton if you want to find out the exact reasons for the housing change.
Invest in houses for sale in Balderton with the right professional advice
House for sale in the same UK region
You can assess the various houses for sale offered in the area by consulting this list of cities in East Midlands, the same UK region as Balderton:
- Apperknowle in East Midlands
- Caldwell in East Midlands
- Brigg in East Midlands
- New-Houghton in East Midlands
- Barlborough in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Balderton.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.