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All you need to know – houses for sale in Berryhillock

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 Berryhillock

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As a landlord, whenever you are looking at houses for sale in Moray, you could find varying prices throughout an area like Berryhillock. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Berryhillock to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Berryhillock will be revealed. Keep reading.

Why you should consider the average rental yield when searching for houses for sale in Berryhillock

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Berryhillock this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (Scotland) alongside Moray then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Berryhillock.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

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 £1
Moray no relevant data for this city no relevant data for this city no relevant data for this city 38.71%
Scotland 0.05 871.42 £1 59.40%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Berryhillock.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (no relevant data for this city) will be useful.

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

The growth of an area like Berryhillock can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

1 year 3 years 5 years
Berryhillock growth rate 11% 19% no relevant data for this city

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Berryhillock if you want to find out the exact reasons for the housing change.

Are there any important statistics about the population of Berryhillock?

In Berryhillock, how has the population changed?

In total, the number of people in Berryhillock is 14825. 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 Berryhillock, depending on where exactly you are.

How has Berryhillock 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 Berryhillock has changed by 0%. 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 0% 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 Berryhillock?

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 Berryhillock 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.

How educated are the people in Berryhillock?

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.

How much do people in Berryhillock earn?

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 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

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

In the below headings, the city of Berryhillock 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 Berryhillock. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the deprivation levels of the UK any different to Berryhillock?

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 Berryhillock, in particular, the deprivation levels are no relevant data for this city.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In general, do people commit a lot of crime in Berryhillock?

For the city of Berryhillock, 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.

How much green space is available to residents of Berryhillock?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Berryhillock, the city has 23 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Berryhillock.

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 Berryhillock 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.

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 Berryhillock.

  • 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.

In general, what do houses for sale sell for in Berryhillock?

In Berryhillock, the average sale price of a house for sale is in fact £142,227. This is dependent on the 10 year population growth of Berryhillock being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Berryhillock.

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 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 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

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 £1,290. This means if you are just looking out the houses sold in Berryhillock in general and didn’t take into consideration the type of build. For example, a new build.

What is the asking price on average of houses for sale in Berryhillock?

In the city of Berryhillock, 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

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Berryhillock has a lack of supply of housing in certain categories.

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 Berryhillock 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 £159,560.

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 Berryhillock.

Get professional help on the houses for sale in Berryhillock

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.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Berryhillock?

Berryhillock is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are no relevant data for this city each month, attaining a success rate of no relevant data for this city and a total population of 14825. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

What is the monthly count of property transactions in Berryhillock?

In Berryhillock, 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.

In a city like Berryhillock, what’s the yearly fluctuation in population?

For a comprehensive analysis of Berryhillock’s population trends, observe the population fluctuation over a decade, indicated by 2%, and the five-year alteration represented by 0%. Perhaps also look at data from another nearby city too so you can see a comparison.

What is the asking price for houses for sale in the wider region of Berryhillock?

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

Would acquiring a house for sale in Berryhillock be regarded as a high-priced option?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Berryhillock, this figure stands at £142,227, while the UK average is £286,500.

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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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