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All you need to know – houses for sale in Babcary

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ All you need to know – houses for sale in Babcary

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Babcary 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 Babcary.

On top of this, keep reading for detailed information on the demographics of Babcary in Somerset. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

How are rental yields of the houses for sale different to the rest of the UK in Babcary?

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 Babcary. 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 Babcary.

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 (Somerset), a regional level (South West) and finally on the level of the city talked about in this article, Babcary.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Babcary no relevant data for this city no relevant data for this city no relevant data for this city £0
Somerset 3.77% £1,174.60 138.81% 20.04%
South West 0.04 1,078.69 £1 17.35%

You may also find it useful to compare the data above to the number of properties sold per month Babcary experiences. This figure for house sales per month is 6. 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.

Are there more or fewer houses being built in Babcary?

Before committing to Babcary to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Babcary growth rate -4% 16% 31%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Babcary is building housing to find your answer.

Choose the right house for sale that suits your needs

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Babcary.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

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

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

In Babcary, what is the asking price in general for a house for sale?

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Babcary is £421,937.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Babcary is useful when negotiating and knowing what to expect for every type of house for sale.

Table showing the asking prices for houses for sale in Babcary

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) £383,708
Average asking price (4 bed) £558,118
Average asking price (5 bed) no relevant data for this city

After looking at this table about prices of houses for sale in Babcary, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 holistic understanding.

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

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

Are you considering other cities with houses for sale?

If you are looking for a list of cities that are different to the City of Babcary and in different UK region to South West. You might want to consider these as alternatives for your next real estate investment:

Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.

Are there any important statistics about the population of Babcary?

How much do people in Babcary 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.

£41,500.00 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 25% for Babcary.

In Babcary, what is the social grade score?

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 Babcary in grades A or B which are the highest skilled roles in the country is 25%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £41,500.00 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 25%.

Babcary within Somerset is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Babcary 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 Babcary.

How much green space is available to residents of Babcary?

In the city of Babcary, there are 27 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Babcary is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Is the city of Babcary 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 Babcary is £0.

What does the population of Babcary look like?

The city of Babcary has a total population of 9093. 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 Babcary 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 Babcary

Over time, in the last five years, the population of the city of Babcary has changed by 2%. 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 2% 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 Babcary?

In the last 10 years, there has been a shift in the population of 5%.

Comparing this to the 5 year figure of Babcary 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.

Is the crime rate bad in the city of Babcary?

For the city of Babcary, crime rate is at 5100%. So for every 1000 people in the area, 5100% 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.

In Babcary, how educated are people in general?

In the city of Babcary, 31% 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 Babcary is £41,500.00.

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

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

In Babcary, the average sale price of a house for sale is in fact £329,767. This is dependent on the 10 year population growth of Babcary being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Babcary.

Housing category Total final sale price
Aerage sold price (detached) £405,068
Aerage sold price (semi-detached) £245,852
Aerage sold price (terraced) £235,027
Aerage sold price (flat) £141,982

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Babcary.

Housing category Sale price per square foot
Aerage sold price/sqft £2,750
Aerage sold price/sqft (new build) £2,820
Aerage sold price/sqft (old stock) £2,620

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £2,750. This means if you are just looking out the houses sold in Babcary in general and didn’t take into consideration the type of build. For example, a new build.

FAQ

Are there opportunities for property renovation in Babcary?

Amidst the urban landscape of Babcary, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 6 and on the other hand, there is a planning success rate of 59%. It is also useful to take into consideration the population size of the area (9093).

How many property sales occur per month in Babcary?

6 property transactions are reported in Babcary each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Babcary?

Calculating the evolution of Babcary’s population requires an examination of the population transformation over a decade, amounting to 5%, and the five-year adjustment at 2%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

In the larger vicinity of Babcary, what is the cost of houses available for sale?

Currently, the mean asking price of a house in Babcary is £0, calculated using the average value per square foot

Would acquiring a house for sale in Babcary be regarded as a high-priced option?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Babcary, this value is £329,767, compared to the UK’s average of £286,500.

Buying a home in Babcary? Find trusted estate agents below

Purchasing property in Babcary can be a complex process. Having the right real estate agent to guide you makes all the difference. We understand how stressful and time-consuming finding an agent can be so we have provided all of the most relevent agents and their contact details below in our convenient table.

Name of the Agent Phone Number Address Email Address
George James 441458521940 1 Brandon House, West Street, Somerton, TA11 7PS Phone number only
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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