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 Birkenhead, Merseyside.
From the average asking price of houses for sale in Birkenhead to the growth of the population in the area, all will be talked about regarding the city of Birkenhead. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Birkenhead, what are the rental yields?
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)|
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 (33) 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.
Are there new houses being built in Birkenhead to make it grow?
Whenever you are thinking about looking for houses for sale in Birkenhead, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Birkenhead growth rate||-2%||16%||17%|
As the population of Birkenhead grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Are there any important statistics about the population of Birkenhead?
Is the education level of Birkenhead important when buying a house?
Interestingly, the percentage of people who have a degree in the city of Birkenhead is 16%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Birkenhead is £31,800.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What is a social grade score and how does this relate to Birkenhead?
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 Birkenhead in grades A or B which are the highest skilled roles in the country is 8%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £31,800 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 8%.
Birkenhead within Merseyside is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Birkenhead will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Birkenhead.
Is there sufficient green space in Birkenhead?
Whether you view green space in Birkenhead 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 Birkenhead, the number of acres of green space for every 1000 people currently is 11.1 which can be measured against the UK average of 1.7.
Are the people in Birkenhead earning a lot?
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 Birkenhead, the average income is £31,800. 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 8% to decide on what the demographics are like in the area.
Are the people of Birkenhead deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Birkenhead, currently, 38% 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.
In the city of Birkenhead, has the population grown or shrunk?
In total, the number of people in Birkenhead is 49,899. 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.
In general, do people commit a lot of crime in Birkenhead?
The crime rate of Birkenhead 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 258, 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 (258) is both useful and is recommended to be compared to the average.
In Birkenhead, what do houses for sale tend to sell for?
In Birkenhead, the average sale price of a house for sale is in fact £102,937. This is dependent on the 10 year population growth of Birkenhead being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Birkenhead.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£204,094|
|Aerage sold price (semi-detached)||£133,835|
|Aerage sold price (terraced)||£86,235|
|Aerage sold price (flat)||£71,311|
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Birkenhead.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,170|
|Aerage sold price/sqft (new build)||£1,645|
|Aerage sold price/sqft (old stock)||£1,105|
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £1,245. This means if you are just looking out the houses sold in Birkenhead in general and didn’t take into consideration the type of build. For example, a new build.
On average, what is the figure for the asking price of a house for sale in Birkenhead?
The average asking price for the houses for sale in the city of 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|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£760) for houses for sale with this table to get a good idea as to whether Birkenhead is the right area to buy a house in for you.
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.
Invest in houses for sale in Birkenhead with the right professional advice
Other cities you can consider looking for with houses for sale
Below are a list of towns with a similar location to Birkenhead.
Reading these analysis will help you evaluate the different houses for sale currently listed in North West:
- Beck-Foot in North West
- Aintree in North West
- Caldy in North West
- Bagillt in North West
- Aldcliffe in North West
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
A house for sale that is right for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Birkenhead.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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.