Berrow 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 Berrow.
On top of this, keep reading for detailed information on the demographics of Berrow in Somerset. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
In Berrow, what are the rental yields?
What is the growth in the housing market of Berrow?
Whenever you are thinking about looking for houses for sale in Berrow, 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|
|Berrow growth rate||4%||14%||23%|
As the population of Berrow 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.
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. This is why it is common for landlords to increase rent using section 13, to maximise this yield, as it is so important.
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 into all the details of Berrow.
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 (Somerset) as well as the broader region; South West.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Berrow||£0||£834||no relevant data for this city||£0|
Also, you can compare other data to the table above such as the number of houses sold per month in Berrow which is 15 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 Berrow is to invest in. Both in terms of rental yield and capital appreciation.
What are the people like in Berrow?
Are the people of Berrow 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 Berrow is £0 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.
How much green space is available to residents of Berrow?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Berrow, 25 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Berrow.
How educated are the people in Berrow?
Interestingly, the percentage of people who have a degree in the city of Berrow 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 Berrow is £36,000.00.
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 salary does the community in Berrow take home?
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 £36,000.00.
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 Berrow this figure is 0.18.
In Berrow, 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 Berrow in grades A or B which are the highest skilled roles in the country is 0.18.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £36,000.00 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 0.18.
Berrow in the county of Somerset is notable for its specific demographics and has individual characteristics.
For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Berrow is located in; South West.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Berrow, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.
What’s the crime rate in Berrow?
The crime rate of Berrow 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 73, 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 (73) is both useful and is recommended to be compared to the average.
What is the population of Berrow?
In total, the number of people in Berrow is 16782. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Berrow, depending on where exactly you are.
How has Berrow changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Berrow has changed by 3%. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Berrow?
9% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Berrow have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
Asking price in Berrow for a house for sale
Table showing the asking prices for houses for sale in Berrow
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£232,830|
|Average asking price (3 bed)||£300,643|
|Average asking price (4 bed)||£423,452|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Berrow is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Berrow, the asking price for a house for sale in the area is £299,178.
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 Berrow. 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.
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Berrow.
Here below are the most important ones according to Lofti’s expertise:
Affordability – (see what house for sale can you afford?)
A guide from the UK government
House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
What is the final sale price of a house in Berrow?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Berrow. In Berrow, this sale price works out to be £241,486. As an example, a factor like population growth over the last 10 years which works out to be 9% in Berrow and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£297,788|
|Average sold price (semi-detached)||£231,040|
|Average sold price (terraced)||£184,223|
|Average sold price (flat)||£125,136|
Above, the exact type of house is also shown to vary in price in a table in Berrow. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£2,620|
|Average sold price/sqft (new build)||£2,570|
|Average sold price/sqft (old stock)||£2,530|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Berrow which is £2,620. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
Advice from experts on properties for sale in Berrow
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
Thinking of a different city and perhaps a different location?
We have prepared a list of cities that are entirely dissimilar to the region of South West, perfect if you are looking for somewhere similar to Berrow but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- ham in South West
- caldermill in South West
- cranford in South West
- aintree in South West
- balerno in South West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Do properties in Berrow offer renovation potential?
Properties in the city of Berrow may have the potential for renovation if there are a lot of planning permission approvals based on the area. There are 5 approvals every month with an approval of nan based on a population of 16782. Compare other places in the UK to make this figure make more sense.
What is the monthly count of property transactions in Berrow?
In Berrow, the monthly property transaction count reaches 15, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.
What’s the annual population shift in a city such as Berrow?
To assess the shifts in Berrow’s population over time, analyse how the population has altered. Look at the ten year change of population of 9%, alongside the five-year change of 3%.
What is the asking price for houses for sale in the wider region of Berrow?
Currently, the mean asking price of a house in Berrow is £0, calculated using the average value per square foot
Does opting for a house for sale in Berrow come with a hefty price tag?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Berrow, this stands at £241,486, whereas the UK’s mean is £286,500.