Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Barkestone-le-Vale, Leicestershire.
From the average asking price of houses for sale in Barkestone-le-Vale, to the growth of the population in the area, all will be talked about regarding the city of Barkestone-le-Vale. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In general, what do houses for sale sell for in Barkestone-le-Vale?
As well as looking at the asking price for house for sale in Barkestone-le-Vale, 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 Barkestone-le-Vale.
Houses for sale, are sold on average in Barkestone-le-Vale, after the influence of these factors, at £288,721 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 8% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£340,099|
|Aerage sold price (semi-detached)||£217,393|
|Aerage sold price (terraced)||£195,991|
|Aerage sold price (flat)||£122,637|
This table above shows the average sale price for each variation of houses for sale in Barkestone-le-Vale.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,590|
|Aerage sold price/sqft (new build)||£2,650|
|Aerage sold price/sqft (old stock)||£2,480|
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 Barkestone-le-Vale is £2,830.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Barkestone-le-Vale
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.
What are the people like in Barkestone-le-Vale?
Do the people of Barkestone-le-Vale get to enjoy green space?
In the city of Barkestone-le-Vale, there are 7 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Barkestone-le-Vale is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Are the people in Barkestone-le-Vale earning a lot?
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.
£51,300.00 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 34% for Barkestone-le-Vale.
Are the people of Barkestone-le-Vale 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 Barkestone-le-Vale is £0 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.
What’s crime like 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.
In Barkestone-le-Vale, how educated are people in general?
In Barkestone-le-Vale, the proportion of people who have a degree is 31%. 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 Barkestone-le-Vale is £51,300.00.
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 is the city of Barkestone-le-Vale’s social grade score?
In the city of Barkestone-le-Vale, the social grade score of the area is 34%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Barkestone-le-Vale.
|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|
What is the population of Barkestone-le-Vale?
Population growth in Barkestone-le-Vale 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 Barkestone-le-Vale, 21469 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 Barkestone-le-Vale 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 Barkestone-le-Vale, this change has been 5%. 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 5%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Barkestone-le-Vale?
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 8% in Barkestone-le-Vale.
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.
In the city of Barkestone-le-Vale, 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 Leicestershire for example.
These demographics for Barkestone-le-Vale 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 Barkestone-le-Vale in East Midlands.
In Barkestone-le-Vale, what are the rental yields?
Are there new houses being built in Barkestone-le-Vale to make it grow?
The growth of an area like Barkestone-le-Vale 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|
|Barkestone-le-Vale growth rate||5%||14%||22%|
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 Barkestone-le-Vale if you want to find out the exact reasons for the housing change.
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 Barkestone-le-Vale. 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 Barkestone-le-Vale.
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 (Leicestershire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Barkestone-le-Vale.
|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 Barkestone-le-Vale experiences. This figure for house sales per month is 13. 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.
Are you considering other cities with houses for sale?
If you are looking for a list of cities that are different to the City of Barkestone-le-Vale and in different UK region to East Midlands. You might want to consider these as alternatives for your next real estate investment:
- barningham in East Midlands
- avon in East Midlands
- belhaven in East Midlands
- coventry in East Midlands
- huthwaite in East Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
Professional advice for houses for sale in Barkestone-le-Vale
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
What is the asking price on average of houses for sale in 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.
Table showing the asking prices for 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.
Frequently Asked Questions (FAQ)
If you are a landlord, should you renovate a property in the city of Barkestone-le-Vale?
Barkestone-le-Vale is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 15 each month, attaining a success rate of nan and a total population of 21469. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
In Barkestone-le-Vale, how many property sales per month are there?
The city of Barkestone-le-Vale sees around 13 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
In a city like Barkestone-le-Vale, what’s the yearly fluctuation in population?
To work out how the population of Barkestone-le-Vale has changed over time, you can look at the population change over a decade which is 8% and the change in a five year period two which falls at 5%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
In the larger vicinity of Barkestone-le-Vale, what is the cost of houses available for sale?
The current average price per square foot for a house in Barkestone-le-Vale stands at £3,070, considering the mean cost for each square foot of houses for sale there.
Is purchasing a house in Barkestone-le-Vale considered a costly decision?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Barkestone-le-Vale, this stands at £288,721, whereas the UK’s mean is £286,500.