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How much does a house for sale cost in Beningbrough?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North East $ How much does a house for sale cost in Beningbrough?

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 Beningbrough, North Yorkshire.

From the average asking price of houses for sale in Beningbrough to the growth of the population in the area, all will be talked about regarding the city of Beningbrough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

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

In Beningbrough, houses for sale are sold at an average of £262,761. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Beningbrough. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £339,463
Aerage sold price (semi-detached) £244,524
Aerage sold price (terraced) £224,987
Aerage sold price (flat) £163,140

As you can see above, for Beningbrough, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 7% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £2,930
Aerage sold price/sqft (new build) £2,860
Aerage sold price/sqft (old stock) £2,810

Looking at the second table about Beningbrough, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Beningbrough is £2,930.

Asking price in Beningbrough for a house for sale

Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Beningbrough determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £314,117.

Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Beningbrough.

Average asking prices for houses for sale in Beningbrough

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £251,528
Average asking price (3 bed) £319,713
Average asking price (4 bed) £523,125
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 Beningbrough 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.

What’s the rental yield in general for the city of Beningbrough?

What is the growth in the housing market of Beningbrough?

Before committing to Beningbrough to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Beningbrough growth rate 8% 21% 32%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Beningbrough is building housing to find your answer.

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 Beningbrough. 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 Beningbrough.

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 (North Yorkshire), a regional level (North East) and finally on the level of the city talked about in this article, Beningbrough.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Beningbrough 3.8% £1,001 140% 33.0%
North Yorkshire 3.44% £909 121.00% 17.57%
North East 4.67% £757 123.96% 19.25%

You may also find it useful to compare the data above to the number of properties sold per month Beningbrough experiences. This figure for house sales per month is 25. 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.

In Beningbrough, what are the demographics like?

Located in North Yorkshire is the city of Beningbrough, in a large part of the UK; North East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Beningbrough has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Beningbrough which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

How deprived is the population of Beningbrough?

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 Beningbrough, 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.

What is the education level like in Beningbrough?

In Beningbrough, the proportion of people who have a degree is 33%. 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 Beningbrough is £43,600.

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.

Is there sufficient green space in Beningbrough?

Whether you view green space in Beningbrough as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Beningbrough, the number of acres of green space for every 1000 people currently is 7.3 which can be measured against the UK average of 1.7.

How much are those living in Beningbrough earning?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£43,600 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 26% for Beningbrough.

What’s the crime rate in Beningbrough?

The crime rate of Beningbrough 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 96, 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 (96) is both useful and is recommended to be compared to the average.

What’s a social grade score and how does it relate to Beningbrough?

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 Beningbrough in grades A or B which are the highest skilled roles in the country is 26%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £43,600 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 26%.

What does the population of Beningbrough look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Beningbrough if 26,723 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Beningbrough such as rental yield or house appreciation.

How has the population size of Beningbrough adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Beningbrough by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Beningbrough?

In the last decade, the population of Beningbrough has been adjusted by 7%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Who can help you buy a house for sale in Beningbrough?

Thinking about other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in North East, the same UK region as Beningbrough:

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

Finding the ideal house for sale for you

When browsing houses for sale in Beningbrough you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • 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.

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.

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