Bearpark – What to look for in houses for sale?

Bearpark might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Durham.
Before looking for a house for sale in the city of Bearpark we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bearpark.

In Bearpark, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bearpark. In Bearpark, this sale price works out to be £124,924. As an example, a factor like population growth over the last 10 years which works out to be 4% in Bearpark and impacts house prices of the houses for sale.

Housing category	Total final sale price
Average sold price (detached)	£221,463
Average sold price (semi-detached)	£106,166
Average sold price (terraced)	£86,617
Average sold price (flat)	£82,342

Above, the exact type of house is also shown to vary in price in a table in Bearpark. 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	£1,330
Average sold price/sqft (new build)	£1,930
Average sold price/sqft (old stock)	£1,240

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 Bearpark which is £1,330. 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.

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

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Bearpark, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as Durham, to give a smaller scale area to compare the data to.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Bearpark	4.7%	£578	140%	16.0%
Durham	4.93%	£607	132.62%	16.57%
North East	4.67%	£757	123.96%	19.25%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bearpark you might be interested in the number of sales per month (30) that happen in the local housing market. Comparing this figure for Bearpark with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Bearpark 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 Bearpark at 1 year, 3 year and 5 year intervals:

	1 year	3 years	5 years
Bearpark growth rate	-2%	no relevant data for this city	4%

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 Bearpark 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 Bearpark.

Are there any important statistics about the population of Bearpark?

What is the social grade score of Bearpark?

In the city of Bearpark, the social grade score of the area is 18%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Bearpark.

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

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

In the city of Bearpark, 29% 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 Bearpark is £37,000.

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

Have the people of Bearpark grown in numbers?

In total, the number of people in Bearpark is 41,017. 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 Bearpark, depending on where exactly you are.

How has Bearpark 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 Bearpark has changed by 3%. 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 3% 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 Bearpark?

4% 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 Bearpark 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.

Bearpark in the county of Durham is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Bearpark is located in; North East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bearpark, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In general, do people commit a lot of crime in Bearpark?

The crime rate of Bearpark 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 103, 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 (103) is both useful and is recommended to be compared to the average.

Do the people of Bearpark get to enjoy green space?

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 Bearpark, 14.7 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 Bearpark.

In Bearpark, what are the deprivation levels like?

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 Bearpark, in particular, the deprivation levels are 24%.

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 are those living in Bearpark earning?

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 £37,000.

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 Bearpark this figure is 18%.

What is the asking price on average of houses for sale in Bearpark?

When speaking about the city of Bearpark, £148,525 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 Bearpark.

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.

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

Average asking price (1 bed)	no relevant data for this city
Average asking price (2 bed)	£90,750
Average asking price (3 bed)	£152,982
Average asking price (4 bed)	£289,642
Average asking price (5 bed)	no relevant data for this city

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bearpark and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

Professional advice for houses for sale in Bearpark

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Bearpark

• affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

• Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

• Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

• Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

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

• Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

• Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

• Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

• Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Thinking about other cities with houses for sale?

See here below a list of cities in the same UK region of Bearpark which is North East. You might want to consider these as alternatives for your next real estate investment:

• Chickenley in North East
• Beckwithshaw in North East
• Bowburn in North East
• Acaster-Malbis in North East
• Chapel-Allerton in North East

Or, visit our dedicated page on the houses for sale data for the whole of 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.