Birkhill can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Birkhill.
On top of this, keep reading for detailed information on the demographics of Birkhill in Angus. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
In Birkhill, what are the rental yields?
If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.
This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.
The table below represents this data and compares Birkhill to Angus and the broader suburb of the UK; Scotland.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Birkhill||6.4%||£802||no relevant data for this city||161.0%|
|Angus||6.47%||£671||no relevant data for this city||109.00%|
Let’s assume you want to sell the house you’re looking to buy in Birkhill for profit in the future, in this case, looking at the data for the number of houses sold per month in Birkhill would give you an idea of whether the area is actively getting new investors. This figure is 50.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Birkhill. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.
The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.
Are there new houses being built in Birkhill to make it grow?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Birkhill at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Birkhill growth rate||-5%||-2%||no relevant data for this city|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Birkhill gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Birkhill.
What is the final sale price of a house in Birkhill?
In Birkhill, houses for sale are sold at an average of £155,816. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Birkhill. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£267,260|
|Aerage sold price (semi-detached)||£176,774|
|Aerage sold price (terraced)||£127,954|
|Aerage sold price (flat)||£102,901|
As you can see above, for Birkhill, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 2% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£1,700|
|Aerage sold price/sqft (new build)||£1,430|
|Aerage sold price/sqft (old stock)||£1,720|
Looking at the second table about Birkhill, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Birkhill is £1,700.
Are there any important statistics about the population of Birkhill?
What is the population of Birkhill?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Birkhill if 41,731 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 Birkhill such as rental yield or house appreciation.
How has the population size of Birkhill adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Birkhill by 0%. 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 0% 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 Birkhill?
In the last decade, the population of Birkhill has been adjusted by 2%. 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.
What’s the crime rate in Birkhill?
For every one thousand people living in Birkhill, no relevant data for this city commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of no relevant data for this city is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
What is a social grade score and how does this relate to Birkhill?
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 Birkhill 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.
Are the people in Birkhill earning a lot?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
no relevant data for this city is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is no relevant data for this city for Birkhill.
For the city of Birkhill, what is the education level?
In the city of Birkhill, no relevant data for this city people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Birkhill is no relevant data for this city.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Birkhill, what are the deprivation levels like?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Birkhill is no relevant data for this city and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
The city of Birkhill, situated in Angus, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Birkhill 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 Birkhill. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much green space is available to residents of Birkhill?
Whether you view green space in Birkhill 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 Birkhill, the number of acres of green space for every 1000 people currently is 28.3 which can be measured against the UK average of 1.7.
What are the asking prices for the houses for sale in the city of Birkhill?
On average, in Birkhill, the asking price for a house for sale in the area is £150,714.
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 Birkhill. 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.
The average asking price for the houses for sale in the city of Birkhill
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£105,071|
|Average asking price (3 bed)||£183,495|
|Average asking price (4 bed)||£290,083|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Birkhill, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more wholistic understanding.