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Beckingham – 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 $ Beckingham – What to look for in houses for sale?

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Beckingham 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 Nottinghamshire.
Before looking for a house for sale in the city of Beckingham 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 Beckingham.

In Beckingham, what is the asking price in general for a house for sale?

The average asking price for the houses for sale in the city of Beckingham

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £188,875
Average asking price (3 bed) £293,148
Average asking price (4 bed) £439,573
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, the average asking price for the house for sale in the whole of Beckingham is £0. This should show you the general prices overall and for individual types of houses too.

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 Beckingham is £317,921.

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 Beckingham is useful when negotiating and knowing what to expect for every type of house for sale.

A house for sale that is right for you

What parameters impact the final price of a house for sale in Beckingham?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.

In Beckingham, what are the demographics like?

How much are those living in Beckingham earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£44,500.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 27% for Beckingham.

In the city of Beckingham, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Nottinghamshire for example.

These demographics for Beckingham may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Beckingham in East Midlands.

For the city of Beckingham, what is the education level?

In the city of Beckingham, 26% 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 Beckingham is £44,500.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What is a social grade score and how does this relate to Beckingham?

In the city of Beckingham, the social grade score of the area is 27%. 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 Beckingham.

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 Beckingham, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Beckingham, currently, £0 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.

In Beckingham, how has the population changed?

Population growth in Beckingham is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Beckingham, 12313 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Beckingham in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Beckingham, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Beckingham?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Beckingham.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

How much green space is available to residents of Beckingham?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Beckingham, the city has 27 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Beckingham.

What’s the crime rate in Beckingham?

For every one thousand people living in Beckingham, 7000% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 7000% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Get professional help on the houses for sale in Beckingham

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

In Beckingham, what are the rental yields?

Are there new houses being built in Beckingham to make it grow?

Whenever you are thinking about looking for houses for sale in Beckingham, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Beckingham growth rate 4% 20% 28%

As the population of Beckingham grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Beckingham this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Nottinghamshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Beckingham.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Beckingham no relevant data for this city no relevant data for this city no relevant data for this city £0
Nottinghamshire 4.39% £865.10 134.00% 19.74%
East Midlands 0.04 774.81 £1 19.44%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Beckingham.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (9) will be useful.

In general, what do houses for sale sell for in Beckingham?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Beckingham. In Beckingham, this sale price works out to be £243,449. As an example, a factor like population growth over the last 10 years which works out to be 5% in Beckingham and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £294,546
Average sold price (semi-detached) £163,188
Average sold price (terraced) £151,580
Average sold price (flat) £164,589

Above, the exact type of house is also shown to vary in price in a table in Beckingham. 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 £1,990
Average sold price/sqft (new build) £2,060
Average sold price/sqft (old stock) £1,910

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 Beckingham which is £1,990. 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.

House for sale in a different UK region

You can consult our list below that goes over a list of cities not necessarily in East Midlands, allowing you to find similar places to Beckingham:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

F.A.Q.

Is it possible to renovate a property in Beckingham?

Beckingham is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 8 each month, attaining a success rate of nan and a total population of 12313. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

What’s the number of property sales each month in Beckingham?

9 property transactions are reported in Beckingham each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the year-over-year population change in Beckingham or similar cities?

For a comprehensive analysis of Beckingham’s population trends, observe the population fluctuation over a decade, indicated by 5%, and the five-year alteration represented by 3%. Perhaps also look at data from another nearby city too so you can see a comparison.

In the larger vicinity of Beckingham, what is the cost of houses available for sale?

The average asking price of a house in Beckingham is currently £0 based on the average price per square foot.

Is purchasing a house in Beckingham considered a costly decision?

Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Beckingham, this stands at £243,449, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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