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Birkenhead can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Birkenhead.
On top of this, keep reading for detailed information on the demographics of Birkenhead in Merseyside. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
In Birkenhead, what are the rental yields?
In Birkenhead, how has the number of houses changed?
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 Birkenhead at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Birkenhead growth rate | -2% | 16% | 17% |
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 Birkenhead 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 Birkenhead.
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Birkenhead, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as Merseyside, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Birkenhead | £0 | £567 | £1 | £0 |
| Merseyside | 4.76% | £735.14 | 120.31% | 21.51% |
| North West | 0.04 | 807.60 | £1 | 20.19% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Birkenhead you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Birkenhead with the above table gives you a good understanding of the profitability of the area.
houses for sale in other cities and regions in the UK
You can consult our list below that goes over a list of cities not necessarily in North West, allowing you to find similar places to Birkenhead:
- auchinleck in North West
- millikenpark in North West
- bellochantuy in North West
- west-worthing in North West
- gourock in North West
You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK
Choose the right house for sale that suits your needs
Many criteria impact the price of houses for sale in Birkenhead.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
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Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
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Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
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Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
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Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
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Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
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Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
What are the asking prices for the houses for sale in the city of Birkenhead?
Table showing the asking prices for houses for sale in Birkenhead
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £101,647 |
| Average asking price (3 bed) | £145,418 |
| Average asking price (4 bed) | £201,500 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Birkenhead, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £760 will help them to have a more holistic understanding.
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 Birkenhead 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 £135,829.
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 Birkenhead.
In general, what do houses for sale sell for in Birkenhead?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Birkenhead. In Birkenhead, this sale price works out to be £102,937. As an example, a factor like population growth over the last 10 years which works out to be 2% in Birkenhead and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £204,094 |
| Average sold price (semi-detached) | £133,835 |
| Average sold price (terraced) | £86,235 |
| Average sold price (flat) | £71,311 |
Above, the exact type of house is also shown to vary in price in a table in Birkenhead. 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 | £1,170 |
| Average sold price/sqft (new build) | £1,645 |
| Average sold price/sqft (old stock) | £1,105 |
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 Birkenhead which is £1,245. 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.
Advice from experts on properties for sale in Birkenhead
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
What are the people like in Birkenhead?
What is the social grade score of Birkenhead?
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 Birkenhead, the percentage of people in the two highest categories, A and B is 8%. 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 £31,800.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (8%).
The city of Birkenhead, situated in Merseyside, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Birkenhead and its demographics will be compared to its wider location (North West). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Birkenhead. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Birkenhead, has the population grown or shrunk?
In total, the number of people in Birkenhead is 49899. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Birkenhead, depending on where exactly you are.
How has Birkenhead changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Birkenhead has changed by 1%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Birkenhead?
2% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Birkenhead have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Is the education level of Birkenhead important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 16%. The ability to buy a home is greatly influenced by the number of people who have degrees. £31,800.00 is the amount people in Birkenhead 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 Birkenhead, 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.
Are the deprivation levels of the UK any different to Birkenhead?
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 Birkenhead, in particular, the deprivation levels are £0.
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 salary does the community in Birkenhead take home?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (8%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Birkenhead, this works out to be £31,800.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Do the people of Birkenhead get to enjoy green space?
In the city of Birkenhead, there are 11 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 Birkenhead is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
What’s crime like in Birkenhead?
Within Birkenhead, the number of people committing crimes is 25800% per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.
As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.
If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 25800% figure carefully.
FAQ
Do properties in Birkenhead have the potential for renovation?
Properties in the city of Birkenhead may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 3 approvals every month with an approval of 93% based on a population of 49899. Compare other places in the UK to make this figure make more sense.
How many property sales occur per month in Birkenhead?
12 property transactions are reported in Birkenhead each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
How does the population in a city like Birkenhead change annually?
For a comprehensive analysis of Birkenhead’s population trends, observe the population fluctuation over a decade, indicated by 2%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.
In the larger vicinity of Birkenhead, what is the cost of houses available for sale?
In Birkenhead, the mean asking price per square foot for a house is currently £760, based on the average value per square foot
Is a house for sale in Birkenhead an expensive choice?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Birkenhead, the value is £102,937, whereas the UK’s mean is £286,500
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