Whenever looking for a house for sale in the UK or in Backhill, it is vital you look at the market trends and house price fluctuations in the wider area of Aberdeenshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Backhill.
In this article, we will be looking at the city of Backhill in detail so you know how to navigate the area and have a better understanding on where to invest.
Invest in a house for sale that meets your demands
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Backhill
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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 asking prices for the houses for sale in the city of Backhill?
In the city of Backhill, 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)||no relevant data for this city|
|Average asking price (3 bed)||no relevant data for this city|
|Average asking price (4 bed)||no relevant data for this city|
|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 (£0) for houses for sale with this table to get a good idea as to whether Backhill is the right area to buy a house in for you.
On average, in Backhill, the asking price for a house for sale in the area is £214,500.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Backhill. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Thinking of a different city and perhaps a different location?
You can consult our list below that goes over a list of cities not necessarily in Scotland, allowing you to find similar places to Backhill:
- bojewyan in Scotland
- colchester in Scotland
- bulverhythe in Scotland
- sunderland in Scotland
- queenborough in Scotland
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
Advice from experts on properties for sale in Backhill
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 Backhill?
What does the population of Backhill 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 Backhill if 12590 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 Backhill such as rental yield or house appreciation.
How has the population size of Backhill adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Backhill by -1%. 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 -1% 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 Backhill?
In the last decade, the population of Backhill has been adjusted by 4%. 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.
Are the people in Backhill 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 no relevant data for this city.
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 Backhill this figure is no relevant data for this city.
In Backhill, how educated are people in general?
In Backhill, the proportion of people who have a degree is no relevant data for this city. 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 Backhill is no relevant data for this city.
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.
Are the deprivation levels of the UK any different to Backhill?
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 no relevant data for this city for Backhill should give you a nice idea of the deprivation in the area.
In Backhill, what is the 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 Backhill in grades A or B which are the highest skilled roles in the country is no relevant data for this city.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, no relevant data for this city 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 no relevant data for this city.
In the city of Backhill, 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 Aberdeenshire for example.
These demographics for Backhill 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 Backhill in Scotland.
In Backhill, what is the crime rate?
For the city of Backhill, crime rate is at no relevant data for this city. So for every 1000 people in the area, no relevant data for this city 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.
Is there sufficient green space in Backhill?
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 Backhill currently has 19 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 Backhill in this case.
In general, what do houses for sale sell for in Backhill?
As well as looking at the asking price for house for sale in Backhill, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Backhill.
Houses for sale, are sold on average in Backhill, after the influence of these factors, at £162,711 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 4% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£214,260|
|Aerage sold price (semi-detached)||£134,967|
|Aerage sold price (terraced)||£111,148|
|Aerage sold price (flat)||£107,275|
This table above shows the average sale price for each variation of houses for sale in Backhill.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,490|
|Aerage sold price/sqft (new build)||£1,330|
|Aerage sold price/sqft (old stock)||£1,520|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Backhill is £1,490.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Always consider average rental yield when searching for houses for sale in Backhill
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Backhill.
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 (Aberdeenshire) as well as the broader region; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Backhill||no relevant data for this city||no relevant data for this city||no relevant data for this city||£2|
Also, you can compare other data to the table above such as the number of houses sold per month in Backhill which is no relevant data for this city 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 Backhill is to invest in. Both in terms of rental yield and capital appreciation.
What is the growth in the housing market of Backhill?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Backhill that shows the growth in recent years.
|1 year||3 years||5 years|
|Backhill growth rate||-5%||-5%||no relevant data for this city|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Backhill is important.
Frequently Asked Questions
Do properties in Backhill have the potential for renovation?
Properties in the city of Backhill may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are no relevant data for this city approvals every month with an approval of no relevant data for this city based on a population of 12590. Compare other places in the UK to make this figure make more sense.
What’s the number of property sales each month in Backhill?
In Backhill, the monthly property transaction count reaches no relevant data for this city, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
What’s the annual population shift in a city such as Backhill?
To assess the shifts in Backhill’s population over time, analyse how the population has altered. Look at the ten year change of population of 4%, alongside the five-year change of -1%.
How much are houses for sale priced at in the extended region of Backhill?
The average cost per square foot for a house in Backhill is presently £0.
Does opting for a house for sale in Backhill come with a hefty price tag?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Backhill, the value is £162,711, whereas the UK’s mean is £286,500