Whenever looking for a house for sale in the UK or in Bickerton, it is vital you look at the market trends and house price fluctuations in the wider area of Cheshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Bickerton.
In this article, we will be looking at the city of Bickerton in detail so you know how to navigate the area and have a better understanding on where to invest.
In Bickerton, what is the asking price in general for a house for sale?
On average, in Bickerton, the asking price for a house for sale in the area is £467,664.
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 Bickerton. 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.
Average asking prices for houses for sale in Bickerton
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£290,569|
|Average asking price (3 bed)||£339,967|
|Average asking price (4 bed)||£567,970|
|Average asking price (5 bed)||£851,995|
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 Bickerton has a lack of supply of housing in certain categories.
Are there any important statistics about the population of Bickerton?
In the city of Bickerton, has the population grown or shrunk?
In total, the number of people in Bickerton is 21,570. 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 Bickerton, depending on where exactly you are.
How has Bickerton 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 Bickerton 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 Bickerton?
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 Bickerton 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.
Is the education level of Bickerton important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 33%. The ability to buy a home is greatly influenced by the number of people who have degrees. £45,300 is the amount people in Bickerton 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 Bickerton, 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 Bickerton, how much green space remains for residents?
In the city of Bickerton, there are 48.4 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 Bickerton is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Are the people of Bickerton 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 Bickerton, in particular, the deprivation levels are 18%.
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 general, do people commit a lot of crime in Bickerton?
For the city of Bickerton, crime rate is at 65. So for every 1000 people in the area, 65 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.
So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.
On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.
Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.
What is the city of Bickerton’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bickerton, the percentage of people in the two highest categories, A and B is 34%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £45,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (34%).
How much are those living in Bickerton earning?
Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.
For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.
To see if this phenomenon occurs in Bickerton. Compare the area’s average household income of £45,300 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 34% for more conclusive data on the affluence of the area.
In the city of Bickerton, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Cheshire for example.
These demographics for Bickerton may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bickerton in Wales.
In Bickerton, 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 Bickerton, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Cheshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bickerton you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Bickerton with the above table gives you a good understanding of the profitability of the area.
Is the housing market in Bickerton growing?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Bickerton that shows the growth in recent years.
|1 year||3 years||5 years|
|Bickerton growth rate||1%||21%||20%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Bickerton is important.
In general, for the city of Bickerton, what are the final purchase prices for the houses for sale?
In Bickerton, houses for sale are sold at an average of £343,422. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bickerton. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£426,709|
|Aerage sold price (semi-detached)||£245,588|
|Aerage sold price (terraced)||£229,203|
|Aerage sold price (flat)||£211,754|
As you can see above, for Bickerton, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 5% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,735|
|Aerage sold price/sqft (new build)||£2,770|
|Aerage sold price/sqft (old stock)||£2,650|
Looking at the second table about Bickerton, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bickerton is £2,735.