What is it like buying a house in Barningham?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ What is it like buying a house in Barningham?

Barningham 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 Barningham.

On top of this, keep reading for detailed information on the demographics of Barningham in Durham. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Barningham. In Barningham, this sale price works out to be £306,246. As an example, a factor like population growth over the last 10 years which works out to be 2% in Barningham and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £366,275
Average sold price (semi-detached) £276,655
Average sold price (terraced) £216,153
Average sold price (flat) no relevant data for this city

Above, the exact type of house is also shown to vary in price in a table in Barningham. 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 £2,430
Average sold price/sqft (new build) £0
Average sold price/sqft (old stock) £2,370

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 Barningham which is £2,430. 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.

What are the demographics like in the city of Barningham?

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

In the below headings, the city of Barningham and its demographics will be compared to its wider location (North East). 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 Barningham. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the people of Barningham deprived?

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 Barningham, in particular, the deprivation levels are 18%.

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

How much do people in Barningham earn?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Barningham. Compare the area’s average household income of £42,900 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 30% for more conclusive data on the affluence of the area.

Is there sufficient green space in Barningham?

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 Barningham, the city has 8.0 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 Barningham.

What’s the crime rate in Barningham?

Within Barningham, the number of people committing crimes is 41 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 41 figure carefully.

What is a social grade score and how does this relate to Barningham?

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 Barningham in grades A or B which are the highest skilled roles in the country is 30%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £42,900 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 30%.

What is the population of Barningham?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Barningham is 5,035.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Barningham.

In Barningham, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Barningham is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Barningham population difference over 10 years?

The population has adjusted in the area of Barningham by 2% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Barningham.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

In Barningham, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Barningham is 34%. 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 Barningham is £42,900.

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.

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

In the city of Barningham, 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) £264,996
Average asking price (3 bed) £324,395
Average asking price (4 bed) no relevant data for this city
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 Barningham is £0. This should show you the general prices overall and for individual types of houses too.

When speaking about the city of Barningham, £359,898 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 Barningham.

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.

How are rental yields of the houses for sale different to the rest of the UK in Barningham?

In Barningham, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Barningham, 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
Barningham growth rate 24% 38% 39%

As the population of Barningham 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 Barningham.

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 (Durham) as well as the broader region; North East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barningham no relevant data for this city no relevant data for this city no relevant data for this city 10.0%
Durham 4.93% £607 132.62% 16.57%
North East 4.67% £757 123.96% 19.25%

Also, you can compare other data to the table above such as the number of houses sold per month in Barningham which is 5 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 Barningham is to invest in. Both in terms of rental yield and capital appreciation.