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How much does a house for sale cost in Barbican?

by | Nov 15, 2022

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

As a landlord, whenever you are looking at houses for sale in Devon, you could find varying prices throughout an area like Barbican. 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 Barbican 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 Barbican will be revealed. Keep reading.

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

In Barbican, the average sale price of a house for sale is in fact £163,334. This is dependent on the 10 year population growth of Barbican being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Barbican.

Housing category Total final sale price
Aerage sold price (detached) no relevant data for this city
Aerage sold price (semi-detached) £174,485
Aerage sold price (terraced) £175,443
Aerage sold price (flat) £106,273

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 Barbican.

Housing category Sale price per square foot
Aerage sold price/sqft £1,660
Aerage sold price/sqft (new build) £2,570
Aerage sold price/sqft (old stock) £1,610

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 £1,880. This means if you are just looking out the houses sold in Barbican in general and didn’t take into consideration the type of build. For example, a new build.

Asking price in Barbican 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 Barbican is £195,761.

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 Barbican 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 Barbican

Average asking price (1 bed) £109,713
Average asking price (2 bed) £144,616
Average asking price (3 bed) £216,087
Average asking price (4 bed) £260,000
Average asking price (5 bed) £267,632

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Barbican is £2,100. This should show you the general prices overall and for individual types of houses too.

Why you should consider the average rental yield when searching for houses for sale in Barbican

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Barbican.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Devon) as well as the broader region; South West.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barbican 4.4% £715 140% 17.0%
Devon 3.48% £949 131.12% 16.20%
South West 3.57% £1,079 132.66% 17.35%

Also, you can compare other data to the table above such as the number of houses sold per month in Barbican which is 29 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Barbican is to invest in. Both in terms of rental yield and capital appreciation.

Are there more or fewer houses being built in Barbican?

Whenever you are thinking about looking for houses for sale in Barbican, 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
Barbican growth rate 5% 19% 24%

As the population of Barbican 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.

What are the people like in Barbican?

Is the city of Barbican deprived?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 29% for Barbican should give you a nice idea of the deprivation in the area.

What’s the crime rate in Barbican?

In Barbican, for every 1000 people, there is currently a crime rate of 153. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (153 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Are the people in Barbican earning a lot?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £35,100.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Barbican this figure is 15%.

In Barbican, what is the social grade score?

In the city of Barbican, the social grade score of the area is 15%. 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 Barbican.

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

Located in Devon is the city of Barbican, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Barbican has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Barbican which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

In the city of Barbican, how much green space remains for residents?

In the city of Barbican, there are 15.6 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 Barbican is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is the education level like in Barbican?

The number of people as a percentage who have been through university and gained a degree is 24%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,100 is the amount people in Barbican are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Barbican, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

In the city of Barbican, has the population grown or shrunk?

The city of Barbican has a total population of 36,375. 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 Barbican 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 Barbican

Over time, in the last five years, the population of the city of Barbican has changed by 1%. 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 1% 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 Barbican?

In the last 10 years, there has been a shift in the population of 3%.

Comparing this to the 5 year figure of Barbican 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.

Advice from experts on properties for sale in Barbican

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

A house for sale that is right for you

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

  • 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.

House for sale in the same UK region

See here below a list of cities in the same UK region of Barbican which is 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 – houses for sale in the UK.

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