As a landlord, whenever you are looking at houses for sale in Devon, you could find varying prices throughout an area like Babbacombe. 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 Babbacombe 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 Babbacombe will be revealed. Keep reading.
What is the asking price on average of houses for sale in Babbacombe?
On average, in Babbacombe, the asking price for a house for sale in the area is £273,601.
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 Babbacombe. 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.
In the city of Babbacombe, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£122,481|
|Average asking price (2 bed)||£224,051|
|Average asking price (3 bed)||£282,828|
|Average asking price (4 bed)||£498,599|
|Average asking price (5 bed)||£726,944|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Babbacombe is the right area to buy a house in for you.
In general, what do houses for sale sell for in Babbacombe?
For the city of Babbacombe, the average price a house sells for is £195,333. This value usually depends on the exact location of the house within Babbacombe as well as other factors like the population growth in Babbacombe which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£490,566|
|Aerage sold price (semi-detached)||£259,773|
|Aerage sold price (terraced)||£188,011|
|Aerage sold price (flat)||£141,138|
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 Babbacombe.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,150|
|Aerage sold price/sqft (new build)||£2,760|
|Aerage sold price/sqft (old stock)||£2,070|
Generalising the bottom table, the average value per square foot of a house for sale is £2,150. This value averages all of the types of houses for sale in Babbacombe. 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 Babbacombe.
What’s the rental yield in general for the city of Babbacombe?
Is the housing market in Babbacombe growing?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Babbacombe that shows the growth in recent years.
|1 year||3 years||5 years|
|Babbacombe growth rate||-6%||17%||18%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Babbacombe is important.
Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Babbacombe. If this is the case, rental yield is a crucial statistic to consider.
If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Babbacombe.
It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Devon), a regional level (South West) and finally on the level of the city talked about in this article, Babbacombe.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Babbacombe experiences. This figure for house sales per month is 36. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.
What are the people like in Babbacombe?
Babbacombe within Devon is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Babbacombe will be looked at by comparing it to the local region, as well as comparing it to the wider region too (South West). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Babbacombe.
How much green space is available to residents of Babbacombe?
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 Babbacombe currently has 6.7 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 Babbacombe in this case.
In Babbacombe, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Babbacombe, currently, 32% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
How educated are the people in Babbacombe?
Interestingly, the percentage of people who have a degree in the city of Babbacombe is 20%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Babbacombe is £33,400.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
What’s a social grade score and how does it relate to Babbacombe?
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 Babbacombe in grades A or B which are the highest skilled roles in the country is 15%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £33,400 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 15%.
In Babbacombe, how has the population changed?
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 Babbacombe is 31,207.
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 Babbacombe.
In Babbacombe, 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 Babbacombe 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.
Babbacombe population difference over 10 years?
The population has adjusted in the area of Babbacombe 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 Babbacombe.
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.
What salary does the community in Babbacombe 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 Babbacombe. Compare the area’s average household income of £33,400 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 15% for more conclusive data on the affluence of the area.
What’s the crime rate in Babbacombe?
Within Babbacombe, the number of people committing crimes is 121 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 121 figure carefully.