Whenever looking for a house for sale in the UK or in Barton Mills, it is vital you look at the market trends and house price fluctuations in the wider area of Suffolk 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 Barton Mills.
In this article, we will be looking at the city of Barton Mills in detail so you know how to navigate the area and have a better understanding on where to invest.
In Barton Mills, what are the rental yields?
In Barton Mills, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Barton Mills, 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|
|Barton Mills growth rate||3%||9%||20%|
As the population of Barton Mills 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.
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Barton Mills.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Suffolk) as well as the broader region; East of England.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|East of England||3.49%||£1,148||126.76%||16.58%|
Also, you can compare other data to the table above such as the number of houses sold per month in Barton Mills which is 21 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Barton Mills is to invest in. Both in terms of rental yield and capital appreciation.
What are the demographics like in the city of Barton Mills?
Is the education level of Barton Mills important when buying a house?
In the city of Barton Mills, 22% 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 Barton Mills is £43,800.
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 Barton Mills?
In the city of Barton Mills 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 Barton Mills has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 17%.
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|
How much do people in Barton Mills earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Barton Mills, the average income is £43,800. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 17% to decide on what the demographics are like in the area.
In Barton Mills, how has the population changed?
Population growth in Barton Mills 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 Barton Mills, 24,785 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 Barton Mills 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 Barton Mills, this change has been 0%. 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 0%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Barton Mills?
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 Barton Mills.
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.
Located in Suffolk is the city of Barton Mills, in a large part of the UK; East of England. 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 Barton Mills 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 Barton Mills 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.
How deprived is the population of Barton Mills?
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 Barton Mills is 18% 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.
What’s the crime rate in Barton Mills?
For every one thousand people living in Barton Mills, 77 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 77 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.
In the city of Barton Mills, how much green space remains for residents?
In the city of Barton Mills, there are 45.3 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 Barton Mills is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In general, what do houses for sale sell for in Barton Mills?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barton Mills. In Barton Mills, this sale price works out to be £260,825. As an example, a factor like population growth over the last 10 years which works out to be 5% in Barton Mills and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£320,890|
|Average sold price (semi-detached)||£229,453|
|Average sold price (terraced)||£196,952|
|Average sold price (flat)||£144,567|
Above, the exact type of house is also shown to vary in price in a table in Barton Mills. 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||£2,610|
|Average sold price/sqft (new build)||£2,650|
|Average sold price/sqft (old stock)||£2,520|
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 Barton Mills which is £2,790. 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.
On average, what is the figure for the asking price of a house for sale in Barton Mills?
On average, in Barton Mills, the asking price for a house for sale in the area is £339,393.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Barton Mills. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
The average asking price for the houses for sale in the city of Barton Mills
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£245,160|
|Average asking price (3 bed)||£307,730|
|Average asking price (4 bed)||£420,154|
|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 in terms of the house asking price, the average asking price for the house for sale in the whole of Barton Mills is £2,960. This should show you the general prices overall and for individual types of houses too.