Whenever looking for a house for sale in the UK or in Burnaston, 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 Burnaston.
In this article, we will be looking at the city of Burnaston 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 Burnaston?
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 Burnaston is £300,963.
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 Burnaston 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 Burnaston
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£199,620|
|Average asking price (3 bed)||£265,925|
|Average asking price (4 bed)||£409,533|
|Average asking price (5 bed)||no relevant data for this city|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£2,960) for houses for sale with this table to get a good idea as to whether Burnaston is the right area to buy a house in for you.
What kind of demographics does the city of Burnaston have?
In Burnaston, what are the deprivation levels like?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Burnaston is 14%.
How much are those living in Burnaston earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (33%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Burnaston, this works out to be £54,400. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In general, do people commit a lot of crime in Burnaston?
The crime rate of Burnaston must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 63, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (63) is both useful and is recommended to be compared to the average.
In the city of Burnaston, is there a lot of green space?
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 Burnaston, the city has 7.4 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 Burnaston.
For the city of Burnaston, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Burnaston is 36%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Burnaston is £54,400.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
Located in Derbyshire is the city of Burnaston, 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 Burnaston 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 Burnaston 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.
What is the city of Burnaston’s social grade score?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Burnaston compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Burnaston, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 33%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
|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|
Have the people of Burnaston grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Burnaston is 23,074.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Burnaston.
In Burnaston, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 10%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Burnaston is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (10%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Burnaston population difference over 10 years?
The population has adjusted in the area of Burnaston by 16% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Burnaston.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
How are rental yields of the houses for sale different to the rest of the UK in Burnaston?
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 Burnaston, 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 Derbyshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Burnaston||3.1%||£782||no relevant data for this city||18.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Burnaston you might be interested in the number of sales per month (26) that happen in the local housing market. Comparing this figure for Burnaston with the above table gives you a good understanding of the profitability of the area.
Are there new houses being built in Burnaston to make it grow?
The growth of an area like Burnaston 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|
|Burnaston growth rate||10%||14%||16%|
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 Burnaston if you want to find out the exact reasons for the housing change.
In general, what do houses for sale sell for in Burnaston?
In Burnaston, the average sale price of a house for sale is in fact £236,857. This is dependent on the 10 year population growth of Burnaston being 16%. Growing populations are more likely to inflate the prices of houses for sale in the city of Burnaston.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£309,091|
|Aerage sold price (semi-detached)||£193,316|
|Aerage sold price (terraced)||£170,675|
|Aerage sold price (flat)||£98,712|
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 Burnaston.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,400|
|Aerage sold price/sqft (new build)||£2,560|
|Aerage sold price/sqft (old stock)||£2,270|
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 £2,680. This means if you are just looking out the houses sold in Burnaston in general and didn’t take into consideration the type of build. For example, a new build.
Get professional help on the houses for sale in Burnaston
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Burnaston.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
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
Are you considering other cities with houses for sale?
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 Burnaston:
- Blyborough in East Midlands
- Mansfield in East Midlands
- Babworth in East Midlands
- Barnetby-Le-Wold in East Midlands
- Castle-Gresley in East Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK