As a landlord, whenever you are looking at houses for sale in North Yorkshire, you could find varying prices throughout an area like Battersby. 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 Battersby 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 Battersby will be revealed. Keep reading.
What is the asking price on average of houses for sale in Battersby?
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Battersby is £335,606.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Battersby is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Battersby
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£208,000|
|Average asking price (3 bed)||£304,419|
|Average asking price (4 bed)||£447,964|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Battersby, 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.
What’s the rental yield in general for the city of Battersby?
What is the growth in the housing market of Battersby?
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 Battersby at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Battersby growth rate||2%||16%||14%|
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 Battersby 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 Battersby.
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 Battersby to North Yorkshire and the broader suburb of the UK; North East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Battersby||no relevant data for this city||no relevant data for this city||no relevant data for this city||14.0%|
Let’s assume you want to sell the house you’re looking to buy in Battersby for profit in the future, in this case, looking at the data for the number of houses sold per month in Battersby would give you an idea of whether the area is actively getting new investors. This figure is 9.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Battersby. 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.
In general, what do houses for sale sell for in Battersby?
In Battersby, the average sale price of a house for sale is in fact £251,586. This is dependent on the 10 year population growth of Battersby being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Battersby.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£344,092|
|Aerage sold price (semi-detached)||£203,684|
|Aerage sold price (terraced)||£167,426|
|Aerage sold price (flat)||£163,322|
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 Battersby.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,260|
|Aerage sold price/sqft (new build)||£2,360|
|Aerage sold price/sqft (old stock)||£2,210|
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 £2,260. This means if you are just looking out the houses sold in Battersby in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Battersby?
In Battersby, how educated are people in general?
In Battersby, the proportion of people who have a degree is 39%. 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 Battersby is £45,800.
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.
Are the deprivation levels of the UK any different to Battersby?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Battersby, currently, 16% 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.
What’s the crime rate in Battersby?
The crime rate of Battersby 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 66, 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 (66) is both useful and is recommended to be compared to the average.
What salary does the community in Battersby take home?
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 Battersby, the average income is £45,800. 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 35% to decide on what the demographics are like in the area.
In the city of Battersby, is there a lot of 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 Battersby, the city has 9.6 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 Battersby.
What does the population of Battersby look like?
The city of Battersby has a total population of 12,832. 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 Battersby 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 Battersby
Over time, in the last five years, the population of the city of Battersby has changed by 2%. 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 2% 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 Battersby?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Battersby 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.
Battersby within North Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Battersby will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Battersby.
What is a social grade score and how does this relate to Battersby?
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 Battersby 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 Battersby, 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|