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A guide on houses for sale in Baconsthorpe

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ A guide on houses for sale in Baconsthorpe

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 Baconsthorpe, Norfolk.

From the average asking price of houses for sale in Baconsthorpe to the growth of the population in the area, all will be talked about regarding the city of Baconsthorpe. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Asking price in Baconsthorpe for a house for sale

When investors make offers for houses for sale in Baconsthorpe, the average price asked by the homeowners works out to be £466,232.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Baconsthorpe is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

Average asking prices for houses for sale in Baconsthorpe

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £365,498
Average asking price (3 bed) £459,544
Average asking price (4 bed) £647,143
Average asking price (5 bed) no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Baconsthorpe and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

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

In Baconsthorpe, the average sale price of a house for sale is in fact £380,021. This is dependent on the 10 year population growth of Baconsthorpe being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Baconsthorpe.

Housing category Total final sale price
Aerage sold price (detached) £436,232
Aerage sold price (semi-detached) £292,180
Aerage sold price (terraced) £299,896
Aerage sold price (flat) £176,557

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 Baconsthorpe.

Housing category Sale price per square foot
Aerage sold price/sqft £3,360
Aerage sold price/sqft (new build) £3,130
Aerage sold price/sqft (old stock) £3,350

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 £3,360. This means if you are just looking out the houses sold in Baconsthorpe in general and didn’t take into consideration the type of build. For example, a new build.

What are the demographics like in the city of Baconsthorpe?

Are the deprivation levels of the UK any different to Baconsthorpe?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Baconsthorpe is 23% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

In Baconsthorpe, how educated are people in general?

In the city of Baconsthorpe, 28% 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 Baconsthorpe is £38,100.

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

How much are those living in Baconsthorpe 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.

£38,100 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 24% for Baconsthorpe.

What is the population of Baconsthorpe?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Baconsthorpe if 8,851 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 Baconsthorpe such as rental yield or house appreciation.

How has the population size of Baconsthorpe adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Baconsthorpe by 2%. 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 2% 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 Baconsthorpe?

In the last decade, the population of Baconsthorpe has been adjusted by 4%. 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.

In the city of Baconsthorpe, is there a lot of green space?

Whether you view green space in Baconsthorpe as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Baconsthorpe, the number of acres of green space for every 1000 people currently is 25.5 which can be measured against the UK average of 1.7.

Baconsthorpe within Norfolk is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Baconsthorpe will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). 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 Baconsthorpe.

In Baconsthorpe, what is the crime rate?

For every one thousand people living in Baconsthorpe, 48 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 48 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.

What is the social grade score of Baconsthorpe?

In the city of Baconsthorpe 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 Baconsthorpe has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 24%.

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 Baconsthorpe, what are the rental yields?

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Baconsthorpe. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Baconsthorpe.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Norfolk), a regional level (East of England) and finally on the level of the city talked about in this article, Baconsthorpe.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Baconsthorpe no relevant data for this city no relevant data for this city no relevant data for this city 15.0%
Norfolk 3.75% £975 117.20% 16.23%
East of England 3.49% £1,148 126.76% 16.58%

You may also find it useful to compare the data above to the number of properties sold per month Baconsthorpe experiences. This figure for house sales per month is 9. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In Baconsthorpe, how has the number of houses changed?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Baconsthorpe that shows the growth in recent years.

1 year 3 years 5 years
Baconsthorpe growth rate -3% 22% 10%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Baconsthorpe is important.

Get professional help on the houses for sale in Baconsthorpe

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Baconsthorpe.
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.

Thinking about other cities with houses for sale?

See here below a list of cities in the same UK region of Baconsthorpe which is East of England. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

  • Lender – This practitioner can lend you money to finalise a house purchase
  • Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
  • Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
  • Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
  • Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
  • Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

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