As a landlord, whenever you are looking at houses for sale in Hertfordshire, you could find varying prices throughout an area like Bell Bar. In this article, this data will be simplified so you can find all of the data on one, convenient page.
So, from the rental yield of Bell Bar to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Bell Bar will be revealed. Keep reading.
What are the asking prices for the houses for sale in the city of Bell Bar?
Average asking prices for houses for sale in Bell Bar
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £420,519 |
| Average asking price (3 bed) | £638,340 |
| Average asking price (4 bed) | £1,180,202 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Bell Bar, 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.
When investors make offers for houses for sale in Bell Bar, the average price asked by the homeowners works out to be £753,568.
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 Bell Bar 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.
What kind of demographics does the city of Bell Bar have?
What does the population of Bell Bar look like?
In total, the number of people in Bell Bar is 10,636. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Bell Bar, depending on where exactly you are.
How has Bell Bar changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Bell Bar has changed by 5%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 5% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Bell Bar?
13% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Bell Bar have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What’s the crime rate in Bell Bar?
Within Bell Bar, the number of people committing crimes is 82 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 82 figure carefully.
In the city of Bell Bar, is there a lot of green space?
In the city of Bell Bar, there are 115.2 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 Bell Bar is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How deprived is the population of Bell Bar?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bell Bar, currently, 21% 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.
The city of Bell Bar, situated in Hertfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bell Bar 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 Bell Bar. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How educated are the people in Bell Bar?
Interestingly, the percentage of people who have a degree in the city of Bell Bar is 30%. 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 Bell Bar is £48,800.
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’s a social grade score and how does it relate to Bell Bar?
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 Bell Bar 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 Bell Bar, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 35%.
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 |
How much are those living in Bell Bar earning?
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 (35%). 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 Bell Bar, this works out to be £48,800. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
What’s the rental yield in general for the city of Bell Bar?
In Bell Bar, how has the number of houses changed?
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 Bell Bar at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bell Bar growth rate | -1% | 15% | 13% |
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 Bell Bar 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 Bell Bar.
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 Bell Bar.
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 (Hertfordshire) as well as the broader region; East of England.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bell Bar | 2.1% | £1,311 | no relevant data for this city | 7.0% |
| Hertfordshire | 3.33% | £1,382 | 133.74% | 16.45% |
| 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 Bell Bar which is 6 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 Bell Bar is to invest in. Both in terms of rental yield and capital appreciation.
What is the final sale price of a house in Bell Bar?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bell Bar. In Bell Bar, this sale price works out to be £577,994. As an example, a factor like population growth over the last 10 years which works out to be 13% in Bell Bar and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £925,717 |
| Average sold price (semi-detached) | £594,769 |
| Average sold price (terraced) | £413,525 |
| Average sold price (flat) | £301,677 |
Above, the exact type of house is also shown to vary in price in a table in Bell Bar. 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 | £4,820 |
| Average sold price/sqft (new build) | £4,460 |
| Average sold price/sqft (old stock) | £4,770 |
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 Bell Bar which is £4,820. 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.
Who can help you buy a house for sale in Bell Bar?
House for sale in the same UK region
Below are a list of towns with a similar location to Bell Bar.
Reading these analysis will help you evaluate the different houses for sale currently listed in East of England:
- Ashingdon in East of England
- Digswell in East of England
- Brightwell in East of England
- Cryers-Hill in East of England
- Beacon-End in East of England
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Bell Bar.
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.
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
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