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 Baltonsborough, Somerset.
From the average asking price of houses for sale in Baltonsborough to the growth of the population in the area, all will be talked about regarding the city of Baltonsborough. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
How are rental yields of the houses for sale different to the rest of the UK in Baltonsborough?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Baltonsborough, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Somerset, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Baltonsborough | no relevant data for this city | no relevant data for this city | no relevant data for this city | 14.0% |
| Somerset | 3.77% | £1,175 | 138.81% | 20.04% |
| South West | 3.57% | £1,079 | 132.66% | 17.35% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Baltonsborough you might be interested in the number of sales per month (12) that happen in the local housing market. Comparing this figure for Baltonsborough with the above table gives you a good understanding of the profitability of the area.
In Baltonsborough, how has the number of houses changed?
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 Baltonsborough that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Baltonsborough growth rate | 1% | 10% | 22% |
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 Baltonsborough is important.
In general, what do houses for sale sell for in Baltonsborough?
In Baltonsborough, the average sale price of a house for sale is in fact £265,923. This is dependent on the 10 year population growth of Baltonsborough being 7%. Growing populations are more likely to inflate the prices of houses for sale in the city of Baltonsborough.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £362,242 |
| Aerage sold price (semi-detached) | £229,790 |
| Aerage sold price (terraced) | £214,818 |
| Aerage sold price (flat) | £126,839 |
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 Baltonsborough.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,610 |
| Aerage sold price/sqft (new build) | £2,500 |
| Aerage sold price/sqft (old stock) | £2,530 |
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 £2,610. This means if you are just looking out the houses sold in Baltonsborough in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Baltonsborough?
What is a social grade score and how does this relate to Baltonsborough?
In the city of Baltonsborough, the social grade score of the area is 22%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Baltonsborough.
| 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’s crime like in Baltonsborough?
The crime rate of Baltonsborough must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 115, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (115) is both useful and is recommended to be compared to the average.
How much do people in Baltonsborough 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.
£38,800 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 22% for Baltonsborough.
Is there sufficient green space in Baltonsborough?
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 Baltonsborough currently has 8.3 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 Baltonsborough in this case.
Are the people of Baltonsborough deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Baltonsborough is 24% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
In Baltonsborough, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Baltonsborough if 12,839 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Baltonsborough such as rental yield or house appreciation.
How has the population size of Baltonsborough adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Baltonsborough by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Baltonsborough?
In the last decade, the population of Baltonsborough has been adjusted by 7%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
The city of Baltonsborough, situated in Somerset, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Baltonsborough and its demographics will be compared to its wider location (South West). 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 Baltonsborough. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the education level like in Baltonsborough?
In the city of Baltonsborough, 26% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Baltonsborough is £38,800. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Asking price in Baltonsborough for a house for sale
Average asking prices for houses for sale in Baltonsborough
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £237,563 |
| Average asking price (3 bed) | £339,200 |
| Average asking price (4 bed) | £574,734 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Baltonsborough, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Baltonsborough determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £402,021.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Baltonsborough.
Advice from experts on properties for sale in Baltonsborough
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
Thinking about other cities with houses for sale?
See here below a list of cities in the same UK region of Baltonsborough which is South West. You might want to consider these as alternatives for your next real estate investment:
- Babbacombe in South West
- Broadwoodwidger in South West
- Fifehead-Neville in South West
- Alhampton in South West
- Alford in South West
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
A house for sale appropriate to 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 Baltonsborough.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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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.
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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.
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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.
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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.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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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
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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.
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