What is it like buying a house in Betteshanger?

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 Betteshanger, Kent.

From the average asking price of houses for sale in Betteshanger, to the growth of the population in the area, all will be talked about regarding the city of Betteshanger. 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 Betteshanger?

What is the social grade score of Betteshanger?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Betteshanger, the percentage of people in the two highest categories, A and B is 18%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £40,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (18%).

In Betteshanger, what is the crime rate?

For every one thousand people living in Betteshanger, 86 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 86 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.

In the city of Betteshanger, 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 Betteshanger currently has 27.5 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 Betteshanger in this case.

Are the people of Betteshanger deprived?

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 Betteshanger is 25%.

What salary does the community in Betteshanger take home?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Betteshanger. Compare the area’s average household income of £40,400 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 18% for more conclusive data on the affluence of the area.

In Betteshanger, how has the population changed?

The city of Betteshanger has a total population of 35,231. 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 Betteshanger 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 Betteshanger

Over time, in the last five years, the population of the city of Betteshanger has changed by 5%. 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 5% 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 Betteshanger?

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

Comparing this to the 5 year figure of Betteshanger 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.

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

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

In Betteshanger, how educated are people in general?

In the city of Betteshanger, 24% 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 Betteshanger is £40,400.

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

In general, for the city of Betteshanger, what are the final purchase prices for the houses for sale?

In Betteshanger, houses for sale are sold at an average of £297,120. 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 Betteshanger. 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)	£410,846
Aerage sold price (semi-detached)	£270,224
Aerage sold price (terraced)	£262,436
Aerage sold price (flat)	£178,548

As you can see above, for Betteshanger, 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 7% where lots of movement may inflate or deflate house prices.

Housing category	Sale price per square foot
Aerage sold price/sqft	£3,140
Aerage sold price/sqft (new build)	£2,930
Aerage sold price/sqft (old stock)	£2,990

Looking at the second table about Betteshanger, 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 Betteshanger is £3,360.

Thinking about other cities with houses for sale?

We have prepared a list of cities in South East, the same UK region of Betteshanger that can help you evaluate the different houses for sale listed in the region:

• Burlow in South East
• Guildford in South East
• Hastings in South East
• Begbroke in South East
• Aynho in South East

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

In Betteshanger, what are the rental yields?

Is the housing market in Betteshanger growing?

Whenever you are thinking about looking for houses for sale in Betteshanger, 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
Betteshanger growth rate	6%	25%	31%

As the population of Betteshanger 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.

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 Betteshanger to Kent and the broader suburb of the UK; South East.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Betteshanger	3.3%	£1,094	122%	11.0%
Kent	3.63%	£1,229	130.16%	16.77%
South East	3.58%	£1,301	127.50%	16.69%

Let’s assume you want to sell the house you’re looking to buy in Betteshanger for profit in the future, in this case, looking at the data for the number of houses sold per month in Betteshanger would give you an idea of whether the area is actively getting new investors. This figure is 26.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Betteshanger. 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.

A house for sale appropriate to your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Betteshanger

• affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)

• Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.

• Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.

• Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.

• EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.

• Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase

• Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?

• Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.

• 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.

Who can help you buy a house for sale in Betteshanger?

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.

Asking price in Betteshanger for a house for sale

When speaking about the city of Betteshanger, £396,018 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 Betteshanger 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.

The average asking price for the houses for sale in the city of Betteshanger

Average asking price (1 bed)	£200,377
Average asking price (2 bed)	£315,144
Average asking price (3 bed)	£395,798
Average asking price (4 bed)	£611,361
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 £3,580. 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 Betteshanger has a lack of supply of housing in certain categories.