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How much will you pay for a house for sale in Blackford?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in the South West $ How much will you pay for a house for sale in Blackford?

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

On average, what is the figure for the asking price of a house for sale in Blackford?

The average asking price for the houses for sale in the city of Blackford

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) no relevant data for this city
Average asking price (3 bed) no relevant data for this city
Average asking price (4 bed) no relevant data for this city
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 Blackford has a lack of supply of housing in certain categories.

When speaking about the city of Blackford, £768,111 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Blackford would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

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

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Blackford. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Blackford.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Somerset), a regional level (South West) and finally on the level of the city talked about in this article, Blackford.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Blackford no relevant data for this city no relevant data for this city no relevant data for this city £0
Somerset 3.77% £1,174.60 138.81% 20.04%
South West 0.04 1,078.69 £1 17.35%

You may also find it useful to compare the data above to the number of properties sold per month Blackford experiences. This figure for house sales per month is 2. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Are there new houses being built in Blackford to make it grow?

Before committing to Blackford to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Blackford growth rate 4% 14% 34%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Blackford is building housing to find your answer.

Other cities in different locations you can consider to buy property

You can consult our list below that goes over a list of cities not necessarily in South West, allowing you to find similar places to Blackford:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

What are the people like in Blackford?

What’s crime like in Blackford?

For every one thousand people living in Blackford, 2900% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 2900% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

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

The city of Blackford has a total population of 3339. 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 Blackford 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 Blackford

Over time, in the last five years, the population of the city of Blackford has changed by 3%. 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 3% 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 Blackford?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Blackford 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.

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

Whether you view green space in Blackford 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 Blackford, the number of acres of green space for every 1000 people currently is 40 which can be measured against the UK average of 1.7.

What is the education level like in Blackford?

Interestingly, the percentage of people who have a degree in the city of Blackford is 41%. 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 Blackford is £47,400.00.

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.

How much do people in Blackford earn?

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 (39%). 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 Blackford, this works out to be £47,400.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

The city of Blackford, 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 Blackford 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 Blackford. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the people of Blackford deprived?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Blackford, in particular, the deprivation levels are £0.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

In Blackford, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Blackford compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Blackford, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 39%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Choose the right house for sale that suits your needs

When browsing houses for sale in Blackford you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • 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.

  • 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.

  • 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

  • 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.

  • 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.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • 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.

  • 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 Blackford?

For the city of Blackford, the average price a house sells for is £514,580. This value usually depends on the exact location of the house within Blackford as well as other factors like the population growth which is 9% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £540,017
Aerage sold price (semi-detached) £366,159
Aerage sold price (terraced) £287,246
Aerage sold price (flat) no relevant data for this city

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Blackford.

Housing category Sale price per square foot
Aerage sold price/sqft £3,510
Aerage sold price/sqft (new build) £3,930
Aerage sold price/sqft (old stock) £3,280

Generalising the bottom table, the average value per square foot of a house for sale is £3,510. This value averages all of the types of houses for sale in Blackford. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Blackford.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Get professional help on the houses for sale in Blackford

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

FAQ (Frequently Asked Questions)

Is it possible to renovate a property in Blackford?

If planning permissions are abundant in the vicinity of Blackford, it may look promising for landlords looking to renovate. With nan getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 3339. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

On a monthly basis, how many property transactions take place in Blackford?

2 property transactions are reported in Blackford each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Blackford?

To assess the shifts in Blackford’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%.

In the larger vicinity of Blackford, what is the cost of houses available for sale?

The current average price per square foot for a house in Blackford stands at £0, considering the mean cost for each square foot of houses for sale there.

Is investing in a house for sale in Blackford 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 Blackford, this stands at £514,580, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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