How much does a house for sale cost in Bierley?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South East $ How much does a house for sale cost in Bierley?

Bierley might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Isle of Wight.
Before looking for a house for sale in the city of Bierley we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bierley.

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

As well as looking at the asking price for house for sale in Bierley, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bierley.

Houses for sale, are sold on average in Bierley, after the influence of these factors, at £188,674 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 4% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £267,296
Aerage sold price (semi-detached) £169,867
Aerage sold price (terraced) £134,887
Aerage sold price (flat) £112,849

This table above shows the average sale price for each variation of houses for sale in Bierley.

Housing category Sale price per square foot
Aerage sold price/sqft £1,980
Aerage sold price/sqft (new build) £1,995
Aerage sold price/sqft (old stock) £1,875

This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bierley is £1,980.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

Are there any important statistics about the population of Bierley?

What is the education level like in Bierley?

In the city of Bierley, 19% 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 Bierley is £33,900.

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

How deprived is the population of Bierley?

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 Bierley is 33%.

What’s a social grade score and how does it relate to Bierley?

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 Bierley 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 Bierley, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 15%.

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

How much green space is available to residents of Bierley?

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 Bierley currently has 16.0 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 Bierley in this case.

What’s the crime rate in Bierley?

For the city of Bierley, crime rate is at 162. So for every 1000 people in the area, 162 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.

What does the population of Bierley look like?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Bierley is 43,874.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Bierley.

In Bierley, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 2%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Bierley is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (2%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Bierley population difference over 10 years?

The population has adjusted in the area of Bierley by 4% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Bierley.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

Bierley in the county of Isle of Wight is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Bierley is located in; South East.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bierley, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

How much do people in Bierley earn?

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.

£33,900 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 15% for Bierley.

Asking price in Bierley for a house for sale

Average asking prices for houses for sale in Bierley

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £177,303
Average asking price (3 bed) £261,822
Average asking price (4 bed) £406,083
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 Bierley has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Bierley, the average price asked by the homeowners works out to be £240,089.

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 Bierley 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.

Always consider average rental yield when searching for houses for sale in Bierley

Are there more or fewer houses being built in Bierley?

Whenever you are thinking about looking for houses for sale in Bierley, 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
Bierley growth rate 0% 19% 31%

As the population of Bierley 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 Bierley to Isle of Wight and the broader suburb of the UK; South East.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bierley 4.3% £763 no relevant data for this city 19.0%
Isle of Wight 3.34% £898 140.00% 14.33%
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 Bierley for profit in the future, in this case, looking at the data for the number of houses sold per month in Bierley would give you an idea of whether the area is actively getting new investors. This figure is 34.

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