How much will you pay for a house for sale in Bicker?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ How much will you pay for a house for sale in Bicker?

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

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

In Bicker, what are the rental yields?

Are there new houses being built in Bicker to make it grow?

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 Bicker at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Bicker growth rate -2% 12% 23%

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 Bicker 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 Bicker.

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Bicker this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East of England) alongside Lincolnshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Bicker.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bicker no relevant data for this city no relevant data for this city no relevant data for this city 12.0%
Lincolnshire 3.97% £689 100.56% 15.86%
East of England 3.49% £1,148 126.76% 16.58%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Bicker.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (12) will be useful.

Asking price in Bicker for a house for sale

The average asking price for the houses for sale in the city of Bicker

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £185,323
Average asking price (3 bed) £249,914
Average asking price (4 bed) £342,267
Average asking price (5 bed) no relevant data for this city

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Bicker has a lack of supply of housing in certain categories.

When speaking about the city of Bicker, £281,452 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Bicker.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

In Bicker, what are the demographics like?

How much do people in Bicker 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 Bicker, the average income is £34,600. 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 14% to decide on what the demographics are like in the area.

What is the city of Bicker’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 Bicker, the percentage of people in the two highest categories, A and B is 14%. 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 £34,600. This income will generally get bigger as the percentage of people in the A and B categories go up too (14%).

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

In the below headings, the city of Bicker 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 Bicker. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Is there sufficient green space in Bicker?

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 Bicker, 17.5 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 Bicker.

Have the people of Bicker grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bicker if 14,114 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bicker such as rental yield or house appreciation.

How has the population size of Bicker adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Bicker by 6%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 6% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Bicker?

In the last decade, the population of Bicker has been adjusted by 10%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What’s crime like in Bicker?

For every one thousand people living in Bicker, 64 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 64 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.

Is the education level of Bicker important when buying a house?

In the city of Bicker, 15% 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 Bicker is £34,600.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Is the city of Bicker deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 29% for Bicker should give you a nice idea of the deprivation in the area.

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

In Bicker, the average sale price of a house for sale is in fact £200,361. This is dependent on the 10 year population growth of Bicker being 10%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bicker.

Housing category Total final sale price
Aerage sold price (detached) £228,254
Aerage sold price (semi-detached) £150,900
Aerage sold price (terraced) £131,487
Aerage sold price (flat) no relevant data for this city

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 Bicker.

Housing category Sale price per square foot
Aerage sold price/sqft £1,870
Aerage sold price/sqft (new build) £2,020
Aerage sold price/sqft (old stock) £1,720

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 £1,870. This means if you are just looking out the houses sold in Bicker in general and didn’t take into consideration the type of build. For example, a new build.