As a landlord, whenever you are looking at houses for sale in Leicestershire, you could find varying prices throughout an area like Barkestone-le-Vale. 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 Barkestone-le-Vale 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 Barkestone-le-Vale will be revealed. Keep reading.
What are the demographics like in the city of Barkestone-le-Vale?
What’s the crime rate in Barkestone-le-Vale?
The crime rate of Barkestone-le-Vale must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 53, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (53) is both useful and is recommended to be compared to the average.
What does the population of Barkestone-le-Vale look like?
In total, the number of people in Barkestone-le-Vale is 21,469. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Barkestone-le-Vale, depending on where exactly you are.
How has Barkestone-le-Vale changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Barkestone-le-Vale has changed by 5%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Barkestone-le-Vale?
8% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Barkestone-le-Vale have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Is the city of Barkestone-le-Vale 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 Barkestone-le-Vale is 18%.
Is the education level of Barkestone-le-Vale important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £51,300 is the amount people in Barkestone-le-Vale are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Barkestone-le-Vale, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What is the city of Barkestone-le-Vale’s social grade score?
In the city of Barkestone-le-Vale and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Barkestone-le-Vale has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 34%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
How much do people in Barkestone-le-Vale earn?
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 Barkestone-le-Vale, the average income is £51,300. 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 34% to decide on what the demographics are like in the area.
How much green space is available to residents of Barkestone-le-Vale?
Whether you view green space in Barkestone-le-Vale 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 Barkestone-le-Vale, the number of acres of green space for every 1000 people currently is 7.2 which can be measured against the UK average of 1.7.
Barkestone-le-Vale within Leicestershire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Barkestone-le-Vale 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 Barkestone-le-Vale.
House for sale in a different UK region
We have prepared a list of cities that are entirely dissimilar to the region of East Midlands, perfect if you are looking for somewhere similar to Barkestone-le-Vale but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- Barningham in East Midlands
- Avon in East Midlands
- Belhaven in East Midlands
- Coventry in East Midlands
- Huthwaite in East Midlands
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
What are the asking prices for the houses for sale in the city of Barkestone-le-Vale?
On average, in Barkestone-le-Vale, the asking price for a house for sale in the area is £385,149.
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 Barkestone-le-Vale. 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.
Average price of houses for sale in Barkestone-le-Vale
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £240,769 |
| Average asking price (3 bed) | £308,782 |
| Average asking price (4 bed) | £452,992 |
| Average asking price (5 bed) | £614,996 |
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 (£3,070) for houses for sale with this table to get a good idea as to whether Barkestone-le-Vale is the right area to buy a house in for you.
Advice from experts on properties for sale in Barkestone-le-Vale
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
What’s the rental yield in general for the city of Barkestone-le-Vale?
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 Barkestone-le-Vale this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East Midlands) alongside Leicestershire 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 Barkestone-le-Vale.
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) | |
|---|---|---|---|---|
| Barkestone-le-Vale | 3.1% | £994 | 98% | 8.0% |
| Leicestershire | 3.36% | £869 | 102.50% | 16.04% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
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 Barkestone-le-Vale.
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 (11) will be useful.
In Barkestone-le-Vale, 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 Barkestone-le-Vale that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Barkestone-le-Vale growth rate | 5% | 14% | 22% |
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 Barkestone-le-Vale is important.
In general, what do houses for sale sell for in Barkestone-le-Vale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barkestone-le-Vale. In Barkestone-le-Vale, this sale price works out to be £288,721. As an example, a factor like population growth over the last 10 years which works out to be 8% in Barkestone-le-Vale and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £340,099 |
| Average sold price (semi-detached) | £217,393 |
| Average sold price (terraced) | £195,991 |
| Average sold price (flat) | £122,637 |
Above, the exact type of house is also shown to vary in price in a table in Barkestone-le-Vale. 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 | £2,590 |
| Average sold price/sqft (new build) | £2,650 |
| Average sold price/sqft (old stock) | £2,480 |
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 Barkestone-le-Vale which is £2,830. 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.
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Barkestone-le-Vale.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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