Whenever looking for a house for sale in the UK or in Barrow upon Trent, it is vital you look at the market trends and house price fluctuations in the wider area of Derbyshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Barrow upon Trent.
In this article, we will be looking at the city of Barrow upon Trent in detail so you know how to navigate the area and have a better understanding on where to invest.
What are the asking prices for the houses for sale in the city of Barrow upon Trent?
Average asking prices for houses for sale in Barrow upon Trent
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£207,105|
|Average asking price (3 bed)||£282,025|
|Average asking price (4 bed)||£430,174|
|Average asking price (5 bed)||£703,180|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Barrow upon Trent has a lack of supply of housing in certain categories.
On average, in Barrow upon Trent, the asking price for a house for sale in the area is £318,319.
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 Barrow upon Trent. 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.
Are there any important statistics about the population of Barrow upon Trent?
Are the people of Barrow upon Trent deprived?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Barrow upon Trent, in particular, the deprivation levels are 20%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Barrow upon Trent within Derbyshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Barrow upon Trent 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 Barrow upon Trent.
In Barrow upon Trent, what is the crime rate?
In Barrow upon Trent, for every 1000 people, there is currently a crime rate of 77. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (77 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
Do the people of Barrow upon Trent get to enjoy green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Barrow upon Trent, 18.1 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Barrow upon Trent.
What’s a social grade score and how does it relate to Barrow upon Trent?
In the city of Barrow upon Trent, 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 Barrow upon Trent.
|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 Barrow upon Trent, has the population grown or shrunk?
In total, the number of people in Barrow upon Trent is 19,040. 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 Barrow upon Trent, depending on where exactly you are.
How has Barrow upon Trent 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 Barrow upon Trent has changed by 6%. 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 6% 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 Barrow upon Trent?
11% 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 Barrow upon Trent 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.
What is the education level like in Barrow upon Trent?
In the city of Barrow upon Trent, 31% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Barrow upon Trent is £47,900.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How much do people in Barrow upon Trent 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 £47,900.
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 Barrow upon Trent this figure is 34%.
Why you should consider the average rental yield when searching for houses for sale in Barrow upon Trent
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 Barrow upon Trent to Derbyshire and the broader suburb of the UK; East Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Barrow upon Trent||3.5%||£940||no relevant data for this city||14.0%|
Let’s assume you want to sell the house you’re looking to buy in Barrow upon Trent for profit in the future, in this case, looking at the data for the number of houses sold per month in Barrow upon Trent would give you an idea of whether the area is actively getting new investors. This figure is 14.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Barrow upon Trent. 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 Barrow upon Trent, how has the number of houses changed?
Before committing to Barrow upon Trent 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|
|Barrow upon Trent growth rate||no relevant data for this city||9%||15%|
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 Barrow upon Trent is building housing to find your answer.
What is the final sale price of a house in Barrow upon Trent?
In Barrow upon Trent, the average sale price of a house for sale is in fact £260,176. This is dependent on the 10 year population growth of Barrow upon Trent being 11%. Growing populations are more likely to inflate the prices of houses for sale in the city of Barrow upon Trent.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£314,191|
|Aerage sold price (semi-detached)||£207,784|
|Aerage sold price (terraced)||£190,894|
|Aerage sold price (flat)||£109,553|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Barrow upon Trent.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,470|
|Aerage sold price/sqft (new build)||£2,390|
|Aerage sold price/sqft (old stock)||£2,370|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £2,470. This means if you are just looking out the houses sold in Barrow upon Trent in general and didn’t take into consideration the type of build. For example, a new build.
Who can help you buy a house for sale in Barrow upon Trent?
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
House for sale in the same UK region
You can assess the various houses for sale offered in the area by consulting this list of cities in East Midlands, the same UK region as Barrow upon Trent:
- Bassingfield in East Midlands
- Kilby in East Midlands
- Alrewas in East Midlands
- Blyborough in East Midlands
- Balderton in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
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 Barrow upon Trent.
- Affordability – check this article from the UK government to find out (see what house for sale you can afford)
- 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.
- 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.
- 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.
- 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.
- Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
- 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
- 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.