As a landlord, whenever you are looking at houses for sale in North Yorkshire, you could find varying prices throughout an area like Beckwithshaw. 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 Beckwithshaw 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 Beckwithshaw will be revealed. Keep reading.
In general, what do houses for sale sell for in Beckwithshaw?
For the city of Beckwithshaw, the average price a house sells for is £366,159. This value usually depends on the exact location of the house within Beckwithshaw as well as other factors like the population growth in Beckwithshaw which is 3% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £480,886 |
| Aerage sold price (semi-detached) | £271,807 |
| Aerage sold price (terraced) | £244,811 |
| Aerage sold price (flat) | £181,860 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Beckwithshaw.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,130 |
| Aerage sold price/sqft (new build) | £3,260 |
| Aerage sold price/sqft (old stock) | £3,000 |
Generalising the bottom table, the average value per square foot of a house for sale is £3,440. This value averages all of the types of houses for sale in Beckwithshaw. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Beckwithshaw.
On average, what is the figure for the asking price of a house for sale in Beckwithshaw?
Average asking prices for houses for sale in Beckwithshaw
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £247,060 |
| Average asking price (3 bed) | £358,917 |
| Average asking price (4 bed) | £590,350 |
| Average asking price (5 bed) | £875,415 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Beckwithshaw 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 £3,750 should also give you an overview of what the asking price for houses for sale are in general.
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 Beckwithshaw is £471,952.
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 Beckwithshaw is useful when negotiating and knowing what to expect for every type of house for sale.
Are there any important statistics about the population of Beckwithshaw?
Beckwithshaw in the county of North Yorkshire 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 Beckwithshaw 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 Beckwithshaw, 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.
How much do people in Beckwithshaw 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 Beckwithshaw. Compare the area’s average household income of £47,400 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 31% for more conclusive data on the affluence of the area.
How deprived is the population of Beckwithshaw?
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 16% for Beckwithshaw should give you a nice idea of the deprivation in the area.
In the city of Beckwithshaw, has the population grown or shrunk?
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 Beckwithshaw is 26,337.
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 Beckwithshaw.
In Beckwithshaw, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. 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 Beckwithshaw 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 (1%) 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.
Beckwithshaw population difference over 10 years?
The population has adjusted in the area of Beckwithshaw by 3% 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 Beckwithshaw.
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.
Do the people of Beckwithshaw get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Beckwithshaw currently has 53.3 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Beckwithshaw in this case.
How educated are the people in Beckwithshaw?
The number of people as a percentage who have been through university and gained a degree is 35%. The ability to buy a home is greatly influenced by the number of people who have degrees. £47,400 is the amount people in Beckwithshaw are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Beckwithshaw, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
What’s a social grade score and how does it relate to Beckwithshaw?
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 Beckwithshaw 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 Beckwithshaw, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 31%.
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 |
In Beckwithshaw, what is the crime rate?
The crime rate of Beckwithshaw 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 62, 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 (62) is both useful and is recommended to be compared to the average.
Why you should consider the average rental yield when searching for houses for sale in Beckwithshaw
In Beckwithshaw, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Beckwithshaw, 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 | |
|---|---|---|---|
| Beckwithshaw growth rate | -9% | no relevant data for this city | 2% |
As the population of Beckwithshaw 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.
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 Beckwithshaw to North Yorkshire and the broader suburb of the UK; North East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Beckwithshaw | 2.8% | £1,112 | 140% | 10.0% |
| North Yorkshire | 3.44% | £909 | 121.00% | 17.57% |
| North East | 4.67% | £757 | 123.96% | 19.25% |
Let’s assume you want to sell the house you’re looking to buy in Beckwithshaw for profit in the future, in this case, looking at the data for the number of houses sold per month in Beckwithshaw would give you an idea of whether the area is actively getting new investors. This figure is 20.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Beckwithshaw. 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.
Advice from experts on properties for sale in Beckwithshaw
Invest in a house for sale that meets your demands
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Beckwithshaw
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affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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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
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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?
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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.
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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?
Below are a list of towns with a similar location to Beckwithshaw.
Reading these analysis will help you evaluate the different houses for sale currently listed in North East:
- York in North East
- Newbiggin-By-The-Sea in North East
- Bebside in North East
- Bildershaw in North East
- Heckmondwike in North East
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.
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
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