Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Belle Isle, West Yorkshire.
From the average asking price of houses for sale in Belle Isle to the growth of the population in the area, all will be talked about regarding the city of Belle Isle. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Belle Isle?
The average asking price for the houses for sale in the city of Belle Isle
|Average asking price (1 bed)||£136,611|
|Average asking price (2 bed)||£171,626|
|Average asking price (3 bed)||£202,259|
|Average asking price (4 bed)||£288,346|
|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 £3,480. 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 Belle Isle has a lack of supply of housing in certain categories.
When speaking about the city of Belle Isle, £183,793 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 Belle Isle.
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 general, what do houses for sale sell for in Belle Isle?
For the city of Belle Isle, the average price a house sells for is £152,884. This value usually depends on the exact location of the house within Belle Isle as well as other factors like the population growth in Belle Isle which is 7% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£225,051|
|Aerage sold price (semi-detached)||£145,188|
|Aerage sold price (terraced)||£126,946|
|Aerage sold price (flat)||£143,816|
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 Belle Isle.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,890|
|Aerage sold price/sqft (new build)||£2,200|
|Aerage sold price/sqft (old stock)||£1,780|
Generalising the bottom table, the average value per square foot of a house for sale is £2,680. This value averages all of the types of houses for sale in Belle Isle. 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 Belle Isle.
What’s the rental yield in general for the city of Belle Isle?
What is the growth in the housing market of Belle Isle?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Belle Isle that shows the growth in recent years.
|1 year||3 years||5 years|
|Belle Isle growth rate||2%||18%||30%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Belle Isle is important.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Belle Isle. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Belle Isle.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (West Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Belle Isle.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Belle Isle experiences. This figure for house sales per month is 29. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What kind of demographics does the city of Belle Isle have?
Are the people of Belle Isle 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 36% for Belle Isle should give you a nice idea of the deprivation in the area.
Belle Isle in the county of West 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 Belle Isle 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 Belle Isle, 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.
What is the social grade score of Belle Isle?
In the city of Belle Isle, the social grade score of the area is 13%. 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 Belle Isle.
|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|
Do the people of Belle Isle 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 Belle Isle currently has 10.8 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 Belle Isle in this case.
What is the education level like in Belle Isle?
In the city of Belle Isle, 17% 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 Belle Isle is £34,800.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How much are those living in Belle Isle earning?
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 Belle Isle, the average income is £34,800. 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 13% to decide on what the demographics are like in the area.
What’s the crime rate in Belle Isle?
For the city of Belle Isle, crime rate is at 224. So for every 1000 people in the area, 224 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
In Belle Isle, how has the population changed?
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 Belle Isle is 35,594.
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 Belle Isle.
In Belle Isle, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Belle Isle 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 (3%) 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.
Belle Isle population difference over 10 years?
The population has adjusted in the area of Belle Isle by 7% 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 Belle Isle.
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.