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How much does a house for sale cost in Byers Green?

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 Byers Green?

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As a landlord, whenever you are looking at houses for sale in Durham, you could find varying prices throughout an area like Byers Green. 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 Byers Green 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 Byers Green will be revealed. Keep reading.

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

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Byers Green this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (North East) alongside Durham then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Byers Green.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Byers Green no relevant data for this city no relevant data for this city no relevant data for this city £0
Durham 4.93% £607.25 132.62% 16.57%
North East 0.05 757.25 £1 19.25%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Byers Green.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (16) will be useful.

What is the growth in the housing market of Byers Green?

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 Byers Green at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Byers Green growth rate no relevant data for this city -5% -1%

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 Byers Green 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 Byers Green.

In general, what do houses for sale sell for in Byers Green?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Byers Green. In Byers Green, this sale price works out to be £122,508. As an example, a factor like population growth over the last 10 years which works out to be 4% in Byers Green and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £200,952
Average sold price (semi-detached) £118,889
Average sold price (terraced) £82,337
Average sold price (flat) £63,227

Above, the exact type of house is also shown to vary in price in a table in Byers Green. 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) £1,730
Average sold price/sqft (old stock) £1,190

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 Byers Green 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.

Finding the ideal house for sale for you

When browsing houses for sale in Byers Green 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • 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.

What are the demographics like in the city of Byers Green?

Byers Green 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 Byers Green 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 Byers Green, 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 the city of Byers Green, is there a lot of green space?

In the city of Byers Green, there are 40 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Byers Green is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Are the people in Byers Green earning a lot?

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 £33,700.00.

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 Byers Green this figure is 14%.

Are the deprivation levels of the UK any different to Byers Green?

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 £0 for Byers Green should give you a nice idea of the deprivation in the area.

What is the social grade score of Byers Green?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Byers Green, the percentage of people in the two highest categories, A and B is 14%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £33,700.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (14%).

In Byers Green, what is the crime rate?

For the city of Byers Green, crime rate is at 11800%. So for every 1000 people in the area, 11800% 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.

What is the population of Byers Green?

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 Byers Green is 19701.

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 Byers Green.

In Byers Green, 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 Byers Green 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.

Byers Green population difference over 10 years?

The population has adjusted in the area of Byers Green by 4% 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 Byers Green.

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.

Is the education level of Byers Green important when buying a house?

The number of people as a percentage who have been through university and gained a degree is 19%. The ability to buy a home is greatly influenced by the number of people who have degrees. £33,700.00 is the amount people in Byers Green 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 Byers Green, 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.

In Byers Green, what is the asking price in general for a house for sale?

In the city of Byers Green, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £84,901
Average asking price (3 bed) £145,514
Average asking price (4 bed) £244,623
Average asking price (5 bed) no relevant data for this city

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Byers Green is £0. This should show you the general prices overall and for individual types of houses too.

When investors make offers for houses for sale in Byers Green, the average price asked by the homeowners works out to be £142,718.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Byers Green is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

House for sale in a different UK region

If you are looking for a list of cities that are different to the City of Byers Green and in different UK region to North East. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

Invest in houses for sale in Byers Green with the right professional advice

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

F.A.Q.

Are there opportunities for property renovation in Byers Green?

Every single month in Byers Green, there are 5 planning applications, of which nan result in a success. Look at this in terms of the population size of 19701 to work out if you think you’d have good planning success if you were to renovate.

In Byers Green, how many property sales per month are there?

Byers Green boasts a monthly total of 16 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

What’s the annual population shift in a city such as Byers Green?

When evaluating the population trajectory of Byers Green, explore the decade-spanning population shift of 4% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is

What are the asking rates for houses for sale in the surrounding area of Byers Green?

In Byers Green, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Would acquiring a house for sale in Byers Green be regarded as a high-priced option?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Byers Green, this figure stands at £122,508, while the UK average is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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