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 Bar Hill, Cambridgeshire.
From the average asking price of houses for sale in Bar Hill to the growth of the population in the area, all will be talked about regarding the city of Bar Hill. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Bar Hill?
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 Bar Hill is £665,624.
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 Bar Hill is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Bar Hill
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £432,855 |
| Average asking price (3 bed) | £641,943 |
| Average asking price (4 bed) | £769,208 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Bar Hill, 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 £0 will help them to have a more wholistic understanding.
What kind of demographics does the city of Bar Hill have?
How much do people in Bar Hill earn?
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 (55%). 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 Bar Hill, this works out to be £50,300. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the education level of Bar Hill important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Bar Hill is 58%. 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 Bar Hill is £50,300.
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.
What is the city of Bar Hill’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bar Hill, the percentage of people in the two highest categories, A and B is 55%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £50,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (55%).
In the city of Bar Hill, 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 Cambridgeshire for example.
These demographics for Bar Hill 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 Bar Hill in East of England.
Is the city of Bar Hill deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bar Hill, currently, 12% 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.
Is the crime rate bad in the city of Bar Hill?
In Bar Hill, for every 1000 people, there is currently a crime rate of 47. 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 (47 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.
In the city of Bar Hill, is there a lot of 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 Bar Hill, 26.2 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 Bar Hill.
In the city of Bar Hill, has the population grown or shrunk?
Population growth in Bar Hill 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 Bar Hill, 16,058 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 Bar Hill 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 Bar Hill, this change has been 1%. 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 1%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Bar Hill?
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 Bar Hill.
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.
In general, what do houses for sale sell for in Bar Hill?
In Bar Hill, the average sale price of a house for sale is in fact £551,072. This is dependent on the 10 year population growth of Bar Hill being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bar Hill.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £765,466 |
| Aerage sold price (semi-detached) | £519,151 |
| Aerage sold price (terraced) | £659,809 |
| Aerage sold price (flat) | £380,113 |
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 Bar Hill.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £5,150 |
| Aerage sold price/sqft (new build) | £5,270 |
| Aerage sold price/sqft (old stock) | £5,070 |
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 £5,150. This means if you are just looking out the houses sold in Bar Hill in general and didn’t take into consideration the type of build. For example, a new build.
Always consider average rental yield when searching for houses for sale in Bar Hill
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 Bar Hill. 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 Bar Hill.
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 (Cambridgeshire), a regional level (East of England) and finally on the level of the city talked about in this article, Bar Hill.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bar Hill | 3.1% | £1,709 | no relevant data for this city | 7.0% |
| Cambridgeshire | 3.51% | £1,154 | 130.11% | 17.65% |
| 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 Bar Hill experiences. This figure for house sales per month is 5. 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.
What is the growth in the housing market of Bar Hill?
Whenever you are thinking about looking for houses for sale in Bar Hill, 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 | |
|---|---|---|---|
| Bar Hill growth rate | 8% | 24% | 7% |
As the population of Bar Hill 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.
Invest in houses for sale in Bar Hill with the right professional advice
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
houses for sale in other cities in the UK
You can assess the various houses for sale offered in the area by consulting this list of cities in East of England, the same UK region as Bar Hill:
- Hatfield-Hyde in East of England
- Billingford in East of England
- Cryers-Hill in East of England
- Anstey in East of England
- Brettenham in East of England
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
Many criteria impact the price of houses for sale in Bar Hill.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
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