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Barnstaple 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 Barnstaple.
On top of this, keep reading for detailed information on the demographics of Barnstaple in Devon. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
What kind of demographics does the city of Barnstaple have?
How much green space is available to residents of Barnstaple?
Whether you view green space in Barnstaple as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Barnstaple, the number of acres of green space for every 1000 people currently is 15 which can be measured against the UK average of 1.7.
For the city of Barnstaple, what is the education level?
In Barnstaple, the proportion of people who have a degree is 20%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Barnstaple is £37,600.00.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
In general, do people commit a lot of crime in Barnstaple?
Within Barnstaple, the number of people committing crimes is 9100% 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 9100% figure carefully.
The city of Barnstaple, situated in Devon, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Barnstaple 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 Barnstaple. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How deprived is the population of Barnstaple?
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 £0 for Barnstaple should give you a nice idea of the deprivation in the area.
How much do people in Barnstaple 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.
£37,600.00 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 15% for Barnstaple.
In Barnstaple, 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 Barnstaple if 23896 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 Barnstaple such as rental yield or house appreciation.
How has the population size of Barnstaple adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Barnstaple 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 Barnstaple?
In the last decade, the population of Barnstaple has been adjusted by 5%. 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.
What’s a social grade score and how does it relate to Barnstaple?
In the city of Barnstaple and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Barnstaple has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 15%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
| 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 |
In general, for the city of Barnstaple, what are the final purchase prices for the houses for sale?
As well as looking at the asking price for house for sale in Barnstaple, 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 Barnstaple.
Houses for sale, are sold on average in Barnstaple, after the influence of these factors, at £224,232 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 5% over the last 10 years.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £325,942 |
| Aerage sold price (semi-detached) | £213,945 |
| Aerage sold price (terraced) | £177,662 |
| Aerage sold price (flat) | £116,688 |
This table above shows the average sale price for each variation of houses for sale in Barnstaple.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £2,330 |
| Aerage sold price/sqft (new build) | £2,700 |
| Aerage sold price/sqft (old stock) | £2,230 |
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 Barnstaple is £2,330.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Invest in a house for sale that meets your demands
When browsing houses for sale in Barnstaple you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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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.
Other cities in different locations you can consider to buy property
If you are looking for a list of cities that are different to the City of Barnstaple and in different UK region to South West. You might want to consider these as alternatives for your next real estate investment:
- kinnersley in South West
- llysfaen in South West
- callow-end in South West
- cardiff in South West
- benington in South West
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.
Advice from experts on properties for sale in Barnstaple
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
In Barnstaple, what are the rental yields?
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 Barnstaple, 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 Devon, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Barnstaple | £0 | £721 | no relevant data for this city | £0 |
| Devon | 3.48% | £949.47 | 131.12% | 16.20% |
| South West | 0.04 | 1,078.69 | £1 | 17.35% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Barnstaple you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Barnstaple with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Barnstaple?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Barnstaple at 1 year, 3 year and 5 year intervals:
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Barnstaple growth rate | -2% | 10% | 20% |
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Barnstaple gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Barnstaple.
On average, what is the figure for the asking price of a house for sale in Barnstaple?
When investors make offers for houses for sale in Barnstaple, the average price asked by the homeowners works out to be £310,053.
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 Barnstaple 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.
Average prices for the houses for sale in Barnstaple
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £210,352 |
| Average asking price (3 bed) | £286,023 |
| Average asking price (4 bed) | £484,227 |
| 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 Barnstaple has a lack of supply of housing in certain categories.
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