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 Berryhillock, Moray.
From the average asking price of houses for sale in Berryhillock to the growth of the population in the area, all will be talked about regarding the city of Berryhillock. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Are there any important statistics about the population of Berryhillock?
For the city of Berryhillock, what is the education level?
The number of people as a percentage who have been through university and gained a degree is no relevant data for this city. The ability to buy a home is greatly influenced by the number of people who have degrees. no relevant data for this city is the amount people in Berryhillock 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 Berryhillock, 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.
What is the social grade score of Berryhillock?
In the city of Berryhillock, the social grade score of the area is no relevant data for this city. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Berryhillock.
|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|
Are the people in Berryhillock 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 Berryhillock, the average income is no relevant data for this city. 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 no relevant data for this city to decide on what the demographics are like in the area.
What is the population of Berryhillock?
The city of Berryhillock has a total population of 14,825. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Berryhillock is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Berryhillock
Over time, in the last five years, the population of the city of Berryhillock has changed by 0%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 0% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Berryhillock?
In the last 10 years, there has been a shift in the population of 2%.
Comparing this to the 5 year figure of Berryhillock can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
In general, do people commit a lot of crime in Berryhillock?
In Berryhillock, for every 1000 people, there is currently a crime rate of no relevant data for this city. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (no relevant data for this city for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
In the city of Berryhillock, 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 Moray for example.
These demographics for Berryhillock 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 Berryhillock in Scotland.
How deprived is the population of Berryhillock?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Berryhillock is no relevant data for this city.
In the city of Berryhillock, how much green space remains for residents?
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 Berryhillock currently has 22.5 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 Berryhillock in this case.
On average, what is the figure for the asking price of a house for sale in Berryhillock?
Table showing the asking prices for houses for sale in Berryhillock
|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|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Berryhillock 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 £0 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Berryhillock, the asking price for a house for sale in the area is £159,560.
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 Berryhillock. 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.
Why you should consider the average rental yield when searching for houses for sale in Berryhillock
In Berryhillock, how has the number of houses changed?
Before committing to Berryhillock to make a housing investment, an investor should always ask the question, what is the growth like in the area?
So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.
|1 year||3 years||5 years|
|Berryhillock growth rate||11%||19%||no relevant data for this city|
Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Berryhillock is building housing to find your answer.
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 Berryhillock, 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 Moray, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Berryhillock||no relevant data for this city||no relevant data for this city||no relevant data for this city||68.0%|
|Moray||no relevant data for this city||no relevant data for this city||no relevant data for this city||38.71%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Berryhillock you might be interested in the number of sales per month (21) that happen in the local housing market. Comparing this figure for Berryhillock with the above table gives you a good understanding of the profitability of the area.
What is the final sale price of a house in Berryhillock?
For the city of Berryhillock, the average price a house sells for is £142,227. This value usually depends on the exact location of the house within Berryhillock as well as other factors like the population growth in Berryhillock which is 2% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£188,846|
|Aerage sold price (semi-detached)||£131,929|
|Aerage sold price (terraced)||£108,165|
|Aerage sold price (flat)||£74,697|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Berryhillock.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,290|
|Aerage sold price/sqft (new build)||£1,150|
|Aerage sold price/sqft (old stock)||£1,330|
Generalising the bottom table, the average value per square foot of a house for sale is £1,290. This value averages all of the types of houses for sale in Berryhillock. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Berryhillock.