Beauchief might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of South Yorkshire.
Before looking for a house for sale in the city of Beauchief we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Beauchief.
What is the final sale price of a house in Beauchief?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Beauchief. In Beauchief, this sale price works out to be £204,040. As an example, a factor like population growth over the last 10 years which works out to be 8% in Beauchief and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £314,849 |
| Average sold price (semi-detached) | £229,093 |
| Average sold price (terraced) | £154,707 |
| Average sold price (flat) | £106,720 |
Above, the exact type of house is also shown to vary in price in a table in Beauchief. 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 | £2,310 |
| Average sold price/sqft (new build) | £2,590 |
| Average sold price/sqft (old stock) | £2,180 |
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 Beauchief which is £2,380. 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’s the rental yield in general for the city of Beauchief?
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 Beauchief, 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 South Yorkshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Beauchief | 3.9% | £799 | 140% | 19.0% |
| South Yorkshire | 4.41% | £714 | 106.44% | 22.07% |
| 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 Beauchief you might be interested in the number of sales per month (27) that happen in the local housing market. Comparing this figure for Beauchief with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Beauchief growing?
Before committing to Beauchief 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 | |
|---|---|---|---|
| Beauchief growth rate | 2% | 12% | 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 Beauchief is building housing to find your answer.
Are there any important statistics about the population of Beauchief?
What salary does the community in Beauchief take home?
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 £40,800.
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 Beauchief this figure is 23%.
In Beauchief, how educated are people in general?
In the city of Beauchief, 29% 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 Beauchief is £40,800.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
What’s a social grade score and how does it relate to Beauchief?
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 Beauchief in grades A or B which are the highest skilled roles in the country is 23%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £40,800 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 23%.
In Beauchief, what are the deprivation levels like?
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 Beauchief, in particular, the deprivation levels are 25%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In the city of Beauchief, is there a lot of green space?
In the city of Beauchief, there are 24.1 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 Beauchief is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What does the population of Beauchief 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 Beauchief if 45,911 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 Beauchief such as rental yield or house appreciation.
How has the population size of Beauchief adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Beauchief by 4%. 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 4% 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 Beauchief?
In the last decade, the population of Beauchief has been adjusted by 8%. 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.
What’s the crime rate in Beauchief?
Within Beauchief, the number of people committing crimes is 93 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 93 figure carefully.
Beauchief in the county of South Yorkshire 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 Beauchief 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 Beauchief, 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.
On average, what is the figure for the asking price of a house for sale in Beauchief?
In the city of Beauchief, 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) | £171,313 |
| Average asking price (3 bed) | £257,561 |
| Average asking price (4 bed) | £401,400 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Beauchief, 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 £2,480 will help them to have a more wholistic understanding.
When speaking about the city of Beauchief, £250,787 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 Beauchief.
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.
Professional advice for houses for sale in Beauchief
A house for sale that is right for you
When browsing houses for sale in Beauchief 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.
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
Other cities you can consider looking for with houses for sale
Below are a list of towns with a similar location to Beauchief.
Reading these analysis will help you evaluate the different houses for sale currently listed in East Midlands:
- Balby in East Midlands
- Easthorpe in East Midlands
- Claxby in East Midlands
- Barnsley in East Midlands
- Bradway 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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