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Beachamwell – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ Beachamwell – What to look for in houses for sale?

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Beachamwell can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Beachamwell.

On top of this, keep reading for detailed information on the demographics of Beachamwell in Norfolk. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Beachamwell. In Beachamwell, this sale price works out to be £227,218. As an example, a factor like population growth over the last 10 years which works out to be 9% in Beachamwell and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £262,030
Average sold price (semi-detached) £193,053
Average sold price (terraced) £159,997
Average sold price (flat) £98,450

Above, the exact type of house is also shown to vary in price in a table in Beachamwell. 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 £2,390
Average sold price/sqft (new build) £2,330
Average sold price/sqft (old stock) £2,310

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 Beachamwell which is £2,390. 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.

Advice from experts on properties for sale in Beachamwell

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

What kind of demographics does the city of Beachamwell have?

Is the crime rate bad in the city of Beachamwell?

The crime rate of Beachamwell 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 7700%, 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 (7700%) is both useful and is recommended to be compared to the average.

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

In Beachamwell, the proportion of people who have a degree is 16%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Beachamwell is £37,200.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

Do the people of Beachamwell get to enjoy 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 Beachamwell, the city has 21 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 Beachamwell.

How much are those living in Beachamwell earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £37,200.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Beachamwell this figure is 14%.

Have the people of Beachamwell grown in numbers?

The city of Beachamwell has a total population of 10218. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Beachamwell is growing.

A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.

Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.

The five year population change of Beachamwell

Over time, in the last five years, the population of the city of Beachamwell has changed by 4%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here

In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 4% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.

What is the difference in population over the last 10 years in Beachamwell?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Beachamwell can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.

New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.

A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.

Is the city of Beachamwell deprived?

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

Located in Norfolk is the city of Beachamwell, 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 Beachamwell 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 Beachamwell 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’s a social grade score and how does it relate to Beachamwell?

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 Beachamwell 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 Beachamwell, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 14%.

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

Invest in a house for sale that meets your demands

When browsing houses for sale in Beachamwell you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

What is the asking price on average of houses for sale in Beachamwell?

In the city of Beachamwell, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £220,079
Average asking price (3 bed) £293,416
Average asking price (4 bed) £401,070
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 Beachamwell is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Beachamwell, the average price asked by the homeowners works out to be £296,506.

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 Beachamwell 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.

Are you considering other cities with houses for sale?

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

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

What’s the rental yield in general for the city of Beachamwell?

What is the growth in the housing market of Beachamwell?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Beachamwell at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Beachamwell growth rate 4% 17% 24%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Beachamwell gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Beachamwell.

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 Beachamwell, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Norfolk, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Beachamwell no relevant data for this city no relevant data for this city no relevant data for this city £0
Norfolk 3.75% £974.67 117.20% 16.23%
East of England 0.03 1,148.32 £1 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Beachamwell you might be interested in the number of sales per month (11) that happen in the local housing market. Comparing this figure for Beachamwell with the above table gives you a good understanding of the profitability of the area.

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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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