What is it like buying a house in Babell?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the North West $ What is it like buying a house in Babell?

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 Babell, Flintshire.

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

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

Average asking prices for houses for sale in Babell

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £151,932
Average asking price (3 bed) £191,777
Average asking price (4 bed) £399,543
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 Babell 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 £2,010 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 Babell is £217,709.

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 Babell is useful when negotiating and knowing what to expect for every type of house for sale.

In general, what do houses for sale sell for in Babell?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Babell. In Babell, this sale price works out to be £165,521. As an example, a factor like population growth over the last 10 years which works out to be 3% in Babell and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £237,927
Average sold price (semi-detached) £126,015
Average sold price (terraced) £106,805
Average sold price (flat) no relevant data for this city

Above, the exact type of house is also shown to vary in price in a table in Babell. 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 £1,660
Average sold price/sqft (new build) £1,980
Average sold price/sqft (old stock) £1,600

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 Babell which is £1,840. 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.

What kind of demographics does the city of Babell have?

Is the crime rate bad in the city of Babell?

For the city of Babell, crime rate is at 117. So for every 1000 people in the area, 117 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 city of Babell’s social grade score?

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 Babell in grades A or B which are the highest skilled roles in the country is 16%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £36,600 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 16%.

What does the population of Babell 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 Babell if 20,493 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 Babell such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Babell by 2%. 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 2% 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 Babell?

In the last decade, the population of Babell has been adjusted by 3%. 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.

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

In the city of Babell, 20% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Babell is £36,600. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

Do the people of Babell 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 Babell currently has 15.5 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 Babell in this case.

In the city of Babell, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Flintshire for example.

These demographics for Babell may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Babell in North West.

Is the city of Babell deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Babell, currently, 29% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

How much do people in Babell 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 Babell. Compare the area’s average household income of £36,600 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 16% for more conclusive data on the affluence of the area.

Always consider average rental yield when searching for houses for sale in Babell

Are there more or fewer houses being built in Babell?

The growth of an area like Babell can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Babell growth rate -2% 20% 30%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Babell if you want to find out the exact reasons for the housing change.

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Babell.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Flintshire) as well as the broader region; North West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Babell no relevant data for this city no relevant data for this city no relevant data for this city 14.0%
Flintshire 4.15% £827 no relevant data for this city 20.50%
North West 4.36% £808 120.36% 20.19%

Also, you can compare other data to the table above such as the number of houses sold per month in Babell which is 18 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Babell is to invest in. Both in terms of rental yield and capital appreciation.