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 Berrynarbor, Devon.
From the average asking price of houses for sale in Berrynarbor, to the growth of the population in the area, all will be talked about regarding the city of Berrynarbor. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Choose the right house for sale that suits your needs
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Berrynarbor
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.
What is the final sale price of a house in Berrynarbor?
In Berrynarbor, the average sale price of a house for sale is in fact £248,151. This is dependent on the 10 year population growth of Berrynarbor being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Berrynarbor.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£355,288|
|Aerage sold price (semi-detached)||£245,799|
|Aerage sold price (terraced)||£198,730|
|Aerage sold price (flat)||£138,959|
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 Berrynarbor.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,270|
|Aerage sold price/sqft (new build)||£2,320|
|Aerage sold price/sqft (old stock)||£2,200|
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 £2,270. This means if you are just looking out the houses sold in Berrynarbor in general and didn’t take into consideration the type of build. For example, a new build.
What kind of demographics does the city of Berrynarbor have?
Is the education level of Berrynarbor important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 20%. The ability to buy a home is greatly influenced by the number of people who have degrees. £35,100.00 is the amount people in Berrynarbor 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 Berrynarbor, 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 Berrynarbor, 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 Berrynarbor in grades A or B which are the highest skilled roles in the country is 14%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £35,100.00 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 14%.
Are the people in Berrynarbor earning a lot?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (14%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Berrynarbor, this works out to be £35,100.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Berrynarbor, is there a lot of green space?
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 Berrynarbor, 15 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 Berrynarbor.
In the city of Berrynarbor, has the population grown or shrunk?
In total, the number of people in Berrynarbor is 17307. 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 Berrynarbor, depending on where exactly you are.
How has Berrynarbor 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 Berrynarbor has changed by 4%. 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 4% 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 Berrynarbor?
5% 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 Berrynarbor 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.
The city of Berrynarbor, 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 Berrynarbor 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 Berrynarbor. 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 Berrynarbor?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Berrynarbor, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What’s crime like in Berrynarbor?
Within Berrynarbor, the number of people committing crimes is 7100% 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 7100% figure carefully.
Other cities in different locations you can consider to buy property
If you are looking for similar places to buy a house that are just like Berrynarbor, examine this short list of cities below from outside of the region of South West for some inspiration.
- sunderland in South West
- bell-bar in South West
- egremont in South West
- alltwen in South West
- angle in South West
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
In Berrynarbor, what is the asking price in general for a house for sale?
Average prices for the houses for sale in Berrynarbor
|Average asking price (1 bed)||£139,900|
|Average asking price (2 bed)||£221,579|
|Average asking price (3 bed)||£312,189|
|Average asking price (4 bed)||£473,267|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Berrynarbor, 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.
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 Berrynarbor 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 £323,639.
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 Berrynarbor.
In Berrynarbor, what are the rental yields?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Berrynarbor, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).
In Berrynarbor, how has the number of houses changed?
The growth of an area like Berrynarbor can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
|1 year||3 years||5 years|
|Berrynarbor growth rate||1%||25%||37%|
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Berrynarbor if you want to find out the exact reasons for the housing change.
Get professional help on the houses for sale in Berrynarbor
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Frequently Asked Questions (FAQ)
If you are a landlord, should you renovate a property in the city of Berrynarbor?
Berrynarbor is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 11 each month, attaining a success rate of nan and a total population of 17307. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What is the monthly count of property transactions in Berrynarbor?
Berrynarbor boasts a monthly total of 16 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
In a city like Berrynarbor, what’s the yearly fluctuation in population?
When evaluating the population trajectory of Berrynarbor, explore the decade-spanning population shift of 5% and the five-year modification of population of 4%. By drawing comparisons, see if demographic changes in your chosen area is
How much are houses for sale priced at in the extended region of Berrynarbor?
In Berrynarbor, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Is investing in a house for sale in Berrynarbor a financially demanding choice?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Berrynarbor, this stands at £248,151, whereas the UK’s mean is £286,500.