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All you need to know – houses for sale in Benholm

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Scotland $ All you need to know – houses for sale in Benholm

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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 Benholm, Aberdeenshire.

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

What is the final sale price of a house in Benholm?

As well as looking at the asking price for house for sale in Benholm, 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 Benholm.

Houses for sale, are sold on average in Benholm, after the influence of these factors, at £143,829 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 1% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £246,943
Aerage sold price (semi-detached) £166,084
Aerage sold price (terraced) £123,164
Aerage sold price (flat) £80,850

This table above shows the average sale price for each variation of houses for sale in Benholm.

Housing category Sale price per square foot
Aerage sold price/sqft £1,410
Aerage sold price/sqft (new build) £1,260
Aerage sold price/sqft (old stock) £1,420

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 Benholm is £1,410.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Choose the right house for sale that suits your needs

When browsing houses for sale in Benholm 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.

Are there any important statistics about the population of Benholm?

How deprived is the population of Benholm?

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 Benholm should give you a nice idea of the deprivation in the area.

What is the education level like in Benholm?

In Benholm, 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 Benholm 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.

The city of Benholm, situated in Aberdeenshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Benholm and its demographics will be compared to its wider location (Scotland). 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 Benholm. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much do people in Benholm earn?

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 (no relevant data for this city). 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 Benholm, this works out to be no relevant data for this city. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In the city of Benholm, is there a lot of green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Benholm, 21 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Benholm.

What is the population of Benholm?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Benholm if 21937 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 Benholm such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Benholm 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 Benholm?

In the last decade, the population of Benholm has been adjusted by 1%. 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.

Is the crime rate bad in the city of Benholm?

The crime rate of Benholm 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 no relevant data for this city, 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 (no relevant data for this city) is both useful and is recommended to be compared to the average.

What is the city of Benholm’s social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Benholm compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Benholm, the percentage of people who work in the two highest skilled categories of this scale (A and B) is no relevant data for this city.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

House for sale in a different UK region

We have prepared a list of cities that are entirely dissimilar to the region of Scotland, perfect if you are looking for somewhere similar to Benholm but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Advice from experts on properties for sale in Benholm

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.

In Benholm, 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 Benholm, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Scotland. As well as Aberdeenshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Benholm no relevant data for this city no relevant data for this city no relevant data for this city £0
Aberdeenshire 6.03% £792.14 125.40% 81.91%
Scotland 0.05 871.42 £1 59.40%

Assuming that in the future you want to re-sell the house you will eventually purchased in Benholm you might be interested in the number of sales per month (no relevant data for this city) that happen in the local housing market. Comparing this figure for Benholm with the above table gives you a good understanding of the profitability of the area.

Are there new houses being built in Benholm to make it grow?

Whenever you are thinking about looking for houses for sale in Benholm, 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
Benholm growth rate no relevant data for this city 7% no relevant data for this city

As the population of Benholm 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.

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

When speaking about the city of Benholm, £155,129 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Benholm would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Average prices for the houses for sale in Benholm

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £83,357
Average asking price (3 bed) £149,412
Average asking price (4 bed) £307,729
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 Benholm is £0. This should show you the general prices overall and for individual types of houses too.

Frequently Asked Questions (FAQ)

Are there opportunities for property renovation in Benholm?

Every single month in Benholm, there are no relevant data for this city planning applications, of which no relevant data for this city result in a success. Look at this in terms of the population size of 21937 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Benholm?

The city of Benholm sees around no relevant data for this city property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.

What is the population change each year in a city like Benholm?

When evaluating the population trajectory of Benholm, explore the decade-spanning population shift of 1% and the five-year modification of population of -1%. By drawing comparisons, see if demographic changes in your chosen area is

In the larger vicinity of Benholm, what is the cost of houses available for sale?

The current average price per square foot for a house in Benholm stands at £0, considering the mean cost for each square foot of houses for sale there.

Does opting for a house for sale in Benholm come with a hefty price tag?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Benholm, this value is £143,829, compared to the UK’s average of £286,500.

Find an estate agent where you’re looking to buy in Benholm

When buying, having the right expertise when navigating Benholm and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Name of the Agent Email Address Address Phone Number
T Duncan & Co Phone number only 143 High Street, Montrose, DD10 8QN 441674448974
Find My Buyer Ltd Phone number only 2 Lower Hall Street, Montrose, DD10 8JW 441674448984
Scott Alexander nan 46 High Street, Montrose, DD10 8JF 441674448975
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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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