How much will you pay for a house for sale in Barlborough?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much will you pay for a house for sale in Barlborough?

Barlborough 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 Barlborough.

On top of this, keep reading for detailed information on the demographics of Barlborough in Derbyshire. 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.

Are there any important statistics about the population of Barlborough?

What’s a social grade score and how does it relate to Barlborough?

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 Barlborough in grades A or B which are the highest skilled roles in the country is 14%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £35,100 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 14%.

Is the city of Barlborough deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Barlborough, currently, 31% 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.

What’s the crime rate in Barlborough?

Within Barlborough, the number of people committing crimes is 107 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 107 figure carefully.

What does the population of Barlborough 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 Barlborough if 40,539 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 Barlborough such as rental yield or house appreciation.

How has the population size of Barlborough adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Barlborough by 2%. 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 2% 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 Barlborough?

In the last decade, the population of Barlborough has been adjusted by 4%. 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.

How educated are the people in Barlborough?

In Barlborough, the proportion of people who have a degree is 17%. 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 Barlborough is £35,100.

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.

Barlborough in the county of Derbyshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Barlborough is located in; East Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Barlborough, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

How much do people in Barlborough 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 Barlborough. Compare the area’s average household income of £35,100 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 14% for more conclusive data on the affluence of the area.

How much green space is available to residents of Barlborough?

In the city of Barlborough, there are 14.7 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 Barlborough is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is the final sale price of a house in Barlborough?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barlborough. In Barlborough, this sale price works out to be £156,406. As an example, a factor like population growth over the last 10 years which works out to be 4% in Barlborough and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £229,824
Average sold price (semi-detached) £135,994
Average sold price (terraced) £104,041
Average sold price (flat) £89,729

Above, the exact type of house is also shown to vary in price in a table in Barlborough. 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 £1,840
Average sold price/sqft (new build) £2,080
Average sold price/sqft (old stock) £1,710

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 Barlborough which is £1,960. 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.

What are the asking prices for the houses for sale in the city of Barlborough?

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 Barlborough is £196,074.

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 Barlborough 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 Barlborough

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £154,607
Average asking price (3 bed) £201,359
Average asking price (4 bed) £342,381
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Barlborough is £2,070. This should show you the general prices overall and for individual types of houses too.

Why you should consider the average rental yield when searching for houses for sale in Barlborough

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Barlborough.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Derbyshire) as well as the broader region; East Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barlborough 4.2% £692 no relevant data for this city 18.0%
Derbyshire 3.76% £772 125.53% 20.69%
East Midlands 4.02% £775 113.13% 19.44%

Also, you can compare other data to the table above such as the number of houses sold per month in Barlborough which is 29 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Barlborough is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Barlborough growing?

Before committing to Barlborough to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Barlborough growth rate 3% 21% 27%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Barlborough is building housing to find your answer.