What is it like buying a house in Benson?

by | Nov 15, 2022

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As a landlord, whenever you are looking at houses for sale in Oxfordshire, you could find varying prices throughout an area like Benson. 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 Benson 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 Benson will be revealed. Keep reading.

In Benson, what are the rental yields?

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 Benson this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South East) alongside Oxfordshire 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 Benson.

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)
Benson 3.5% £1,489 140% 16.0%
Oxfordshire 3.64% £1,404 124.23% 15.46%
South East 3.58% £1,301 127.50% 16.69%

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 Benson.

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 (22) will be useful.

In Benson, how has the number of houses changed?

Whenever you are thinking about looking for houses for sale in Benson, 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
Benson growth rate -5% 8% 14%

As the population of Benson 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.

What are the demographics like in the city of Benson?

What’s crime like in Benson?

Within Benson, the number of people committing crimes is 52 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 52 figure carefully.

What is the social grade score of Benson?

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 Benson 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 Benson, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 35%.

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

What does the population of Benson look like?

The city of Benson has a total population of 26,458. 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 Benson 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 Benson

Over time, in the last five years, the population of the city of Benson has changed by 4%. 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 4% 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 Benson?

In the last 10 years, there has been a shift in the population of 7%.

Comparing this to the 5 year figure of Benson 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.

What is the education level like in Benson?

In the city of Benson, 38% 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 Benson is £55,400.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

How much do people in Benson 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 Benson, the average income is £55,400. 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 35% to decide on what the demographics are like in the area.

Is the city of Benson deprived?

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 Benson, in particular, the deprivation levels are 16%.

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

Located in Oxfordshire is the city of Benson, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Benson has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Benson which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

Do the people of Benson get to enjoy green space?

Whether you view green space in Benson 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 Benson, the number of acres of green space for every 1000 people currently is 16.1 which can be measured against the UK average of 1.7.

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

For the city of Benson, the average price a house sells for is £413,773. This value usually depends on the exact location of the house within Benson as well as other factors like the population growth in Benson which is 7% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £610,344
Aerage sold price (semi-detached) £384,253
Aerage sold price (terraced) £337,977
Aerage sold price (flat) £235,804

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 Benson.

Housing category Sale price per square foot
Aerage sold price/sqft £3,930
Aerage sold price/sqft (new build) £4,000
Aerage sold price/sqft (old stock) £3,860

Generalising the bottom table, the average value per square foot of a house for sale is £4,310. This value averages all of the types of houses for sale in Benson. 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 Benson.

On average, what is the figure for the asking price of a house for sale in Benson?

In the city of Benson, 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) £348,138
Average asking price (3 bed) £450,998
Average asking price (4 bed) £746,999
Average asking price (5 bed) £1,023,077

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 £4,690. 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 Benson has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Benson, the average price asked by the homeowners works out to be £504,368.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Benson is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.