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 Barnetby le Wold, Lincolnshire.
From the average asking price of houses for sale in Barnetby le Wold to the growth of the population in the area, all will be talked about regarding the city of Barnetby le Wold. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Why you should consider the average rental yield when searching for houses for sale in Barnetby le Wold
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Barnetby le Wold to Lincolnshire and the broader suburb of the UK; East Midlands.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Barnetby le Wold | no relevant data for this city | no relevant data for this city | no relevant data for this city | 15.0% |
| Lincolnshire | 3.97% | £689 | 100.56% | 15.86% |
| East Midlands | 4.02% | £775 | 113.13% | 19.44% |
Let’s assume you want to sell the house you’re looking to buy in Barnetby le Wold for profit in the future, in this case, looking at the data for the number of houses sold per month in Barnetby le Wold would give you an idea of whether the area is actively getting new investors. This figure is 2.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Barnetby le Wold. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
In Barnetby le Wold, how has the number of houses changed?
The growth of an area like Barnetby le Wold 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 | |
|---|---|---|---|
| Barnetby le Wold growth rate | 6% | 36% | 26% |
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 Barnetby le Wold if you want to find out the exact reasons for the housing change.
In general, what do houses for sale sell for in Barnetby le Wold?
For the city of Barnetby le Wold, the average price a house sells for is £186,791. This value usually depends on the exact location of the house within Barnetby le Wold as well as other factors like the population growth in Barnetby le Wold which is 5% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £246,153 |
| Aerage sold price (semi-detached) | £139,410 |
| Aerage sold price (terraced) | £96,196 |
| Aerage sold price (flat) | no relevant data for this city |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Barnetby le Wold.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,590 |
| Aerage sold price/sqft (new build) | £0 |
| Aerage sold price/sqft (old stock) | £1,540 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,590. This value averages all of the types of houses for sale in Barnetby le Wold. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Barnetby le Wold.
Are there any important statistics about the population of Barnetby le Wold?
What is a social grade score and how does this relate to Barnetby le Wold?
In the city of Barnetby le Wold 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 Barnetby le Wold has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 26%.
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 |
In the city of Barnetby le Wold, has the population grown or shrunk?
The city of Barnetby le Wold has a total population of 2,886. 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 Barnetby le Wold 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 Barnetby le Wold
Over time, in the last five years, the population of the city of Barnetby le Wold has changed by 2%. 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 2% 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 Barnetby le Wold?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Barnetby le Wold 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.
What’s crime like in Barnetby le Wold?
For the city of Barnetby le Wold, crime rate is at 49. So for every 1000 people in the area, 49 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.
How much green space is available to residents of Barnetby le Wold?
In the city of Barnetby le Wold, there are 5.4 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 Barnetby le Wold is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Located in Lincolnshire is the city of Barnetby le Wold, in a large part of the UK; East Midlands. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.
Below, the population of Barnetby le Wold has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.
The knowledge below is based on a lot of different variables relevant to the city of Barnetby le Wold which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.
Are the people in Barnetby le Wold earning a lot?
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 Barnetby le Wold. Compare the area’s average household income of £40,300 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 26% for more conclusive data on the affluence of the area.
In Barnetby le Wold, how educated are people in general?
The number of people as a percentage who have been through university and gained a degree is 23%. The ability to buy a home is greatly influenced by the number of people who have degrees. £40,300 is the amount people in Barnetby le Wold 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 Barnetby le Wold, 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.
Is the city of Barnetby le Wold deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Barnetby le Wold, currently, 20% 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 are the asking prices for the houses for sale in the city of Barnetby le Wold?
When speaking about the city of Barnetby le Wold, £225,139 is the asking price for a house for sale.
We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Barnetby le Wold.
The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.
Table showing the asking prices for houses for sale in Barnetby le Wold
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | no relevant data for this city |
| Average asking price (3 bed) | no relevant data for this city |
| Average asking price (4 bed) | no relevant data for this city |
| 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 Barnetby le Wold is £0. This should show you the general prices overall and for individual types of houses too.
Get professional help on the houses for sale in Barnetby le Wold
Invest in a house for sale that meets your demands
When browsing houses for sale in Barnetby le Wold you should think about lots of different criteria:
- House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
- Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
- House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
- Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
- energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
- Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
- Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
- Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
- 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.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Barnetby le Wold.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Aspley in East Midlands
- Alfreton in East Midlands
- Cabourne in East Midlands
- Easthorpe in East Midlands
- Alvingham in East Midlands
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
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