What is it like buying a house in Beaumont?

Whenever looking for a house for sale in the UK or in Beaumont, it is vital you look at the market trends and house price fluctuations in the wider area of Essex 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 Beaumont.

In this article, we will be looking at the city of Beaumont in detail so you know how to navigate the area and have a better understanding on where to invest.

What are the demographics like in the city of Beaumont?

In Beaumont, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Beaumont in grades A or B which are the highest skilled roles in the country is 12%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £35,300 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 12%.

In the city of Beaumont, has the population grown or shrunk?

Population growth in Beaumont 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 Beaumont, 23,589 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 Beaumont 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 Beaumont, this change has been 4%. 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 4%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Beaumont?

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 6% in Beaumont.

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.

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

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Beaumont, in particular, the deprivation levels are 35%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

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

In Beaumont, the proportion of people who have a degree is 13%. 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 Beaumont is £35,300.

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.

In the city of Beaumont, how much green space remains for residents?

Whether you view green space in Beaumont 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 Beaumont, the number of acres of green space for every 1000 people currently is 12.5 which can be measured against the UK average of 1.7.

What salary does the community in Beaumont take home?

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 £35,300.

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 Beaumont this figure is 12%.

What’s crime like in Beaumont?

The crime rate of Beaumont 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 120, 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 (120) is both useful and is recommended to be compared to the average.

The city of Beaumont, situated in Essex, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Beaumont and its demographics will be compared to its wider location (East of England). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Beaumont. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In Beaumont, what is the asking price in general for a house for sale?

On average, in Beaumont, the asking price for a house for sale in the area is £338,312.

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 Beaumont. 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 Beaumont

Average asking price (1 bed)	no relevant data for this city
Average asking price (2 bed)	£248,273
Average asking price (3 bed)	£353,514
Average asking price (4 bed)	£437,500
Average asking price (5 bed)	£644,167

After looking at this table about prices of houses for sale in Beaumont, 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 £3,130 will help them to have a more wholistic understanding.

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

In Beaumont, the average sale price of a house for sale is in fact £263,665. This is dependent on the 10 year population growth of Beaumont being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Beaumont.

Housing category	Total final sale price
Aerage sold price (detached)	£300,037
Aerage sold price (semi-detached)	£219,475
Aerage sold price (terraced)	£188,692
Aerage sold price (flat)	£115,585

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 Beaumont.

Housing category	Sale price per square foot
Aerage sold price/sqft	£2,810
Aerage sold price/sqft (new build)	£3,060
Aerage sold price/sqft (old stock)	£2,650

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 £2,970. This means if you are just looking out the houses sold in Beaumont 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 Beaumont

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Beaumont to Essex and the broader suburb of the UK; East of England.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Beaumont	4.1%	£1,169	no relevant data for this city	11.0%
Essex	3.51%	£1,237	125.97%	17.61%
East of England	3.49%	£1,148	126.76%	16.58%

Let’s assume you want to sell the house you’re looking to buy in Beaumont for profit in the future, in this case, looking at the data for the number of houses sold per month in Beaumont would give you an idea of whether the area is actively getting new investors. This figure is 22.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Beaumont. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

What is the growth in the housing market of Beaumont?

Whenever you are thinking about looking for houses for sale in Beaumont, 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
Beaumont growth rate	1%	16%	29%

As the population of Beaumont 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.

Who can help you buy a house for sale in Beaumont?

Choose the right house for sale that suits your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Beaumont.

• Affordability – check this article from the UK government to find out (see what house for sale you can afford)

• Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

• Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

• Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

• EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

• Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

• Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

• Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

Other cities you can consider looking for with houses for sale

We have prepared a list of cities in East of England, the same UK region of Beaumont that can help you evaluate the different houses for sale listed in the region:

• Hellesdon in East of England
• Althorne in East of England
• Christchurch in East of England
• Boxworth-End in East of England
• Ashen in East of England

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

• Banks – The ones that can lend you the money you need for the house for sale
• Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
• Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
• Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
• Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
• EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.