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Barkestone-le-Vale – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ Barkestone-le-Vale – What to look for in houses for sale?

Barkestone-le-Vale 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 Barkestone-le-Vale.

On top of this, keep reading for detailed information on the demographics of Barkestone-le-Vale in Leicestershire. 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.

On average, what is the figure for the asking price of a house for sale in Barkestone-le-Vale?

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Barkestone-le-Vale determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £385,149.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Barkestone-le-Vale.

In the city of Barkestone-le-Vale, what is the average asking price for the houses for sale?

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

After looking at this table about prices of houses for sale in Barkestone-le-Vale, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £3,070 will help them to have a more wholistic understanding.

In general, what do houses for sale sell for in Barkestone-le-Vale?

In Barkestone-le-Vale, houses for sale are sold at an average of £288,721. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Barkestone-le-Vale. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

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

As you can see above, for Barkestone-le-Vale, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 8% where lots of movement may inflate or deflate house prices.

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

Looking at the second table about Barkestone-le-Vale, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Barkestone-le-Vale is £2,830.

In Barkestone-le-Vale, what are the demographics like?

What is a social grade score and how does this relate to Barkestone-le-Vale?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Barkestone-le-Vale in grades A or B which are the highest skilled roles in the country is 34%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £51,300 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 34%.

Is there sufficient green space in Barkestone-le-Vale?

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 Barkestone-le-Vale currently has 7.2 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 Barkestone-le-Vale in this case.

How much do people in Barkestone-le-Vale earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £51,300.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Barkestone-le-Vale this figure is 34%.

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.

Have the people of Barkestone-le-Vale grown in numbers?

The city of Barkestone-le-Vale has a total population of 21,469. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Barkestone-le-Vale is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Barkestone-le-Vale

Over time, in the last five years, the population of the city of Barkestone-le-Vale has changed by 5%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 5% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Barkestone-le-Vale?

In the last 10 years, there has been a shift in the population of 8%.

Comparing this to the 5 year figure of Barkestone-le-Vale can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Are the deprivation levels of the UK any different to Barkestone-le-Vale?

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%.

In general, do people commit a lot of crime in Barkestone-le-Vale?

For the city of Barkestone-le-Vale, crime rate is at 53. So for every 1000 people in the area, 53 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.

For the city of Barkestone-le-Vale, what is the education level?

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.

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.

Why you should consider the average rental yield when searching for houses for sale in Barkestone-le-Vale

Are there new houses being built in Barkestone-le-Vale to make it grow?

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 Barkestone-le-Vale at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Barkestone-le-Vale growth rate 5% 14% 22%

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 Barkestone-le-Vale 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 Barkestone-le-Vale.

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Barkestone-le-Vale, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as Leicestershire, to give a smaller scale area to compare the data to.

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%

Assuming that in the future you want to re-sell the house you will eventually purchased in Barkestone-le-Vale you might be interested in the number of sales per month (11) that happen in the local housing market. Comparing this figure for Barkestone-le-Vale with the above table gives you a good understanding of the profitability of the area.

Get professional help on the houses for sale in Barkestone-le-Vale

Invest in a house for sale that meets your demands

Many criteria impact the price of houses for sale in Barkestone-le-Vale.
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.

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

Other cities you can consider looking for with houses for sale

See here below a list of cities in the same UK region of Barkestone-le-Vale which is East Midlands. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

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