What is it like buying a house in Barlestone?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in West Midlands $ What is it like buying a house in Barlestone?

Barlestone might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Leicestershire.
Before looking for a house for sale in the city of Barlestone we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Barlestone.

In Barlestone, what do houses for sale tend to sell for?

As well as looking at the asking price for house for sale in Barlestone, 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 Barlestone.

Houses for sale, are sold on average in Barlestone, after the influence of these factors, at £301,961 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 9% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £382,883
Aerage sold price (semi-detached) £218,696
Aerage sold price (terraced) £196,563
Aerage sold price (flat) £209,533

This table above shows the average sale price for each variation of houses for sale in Barlestone.

Housing category Sale price per square foot
Aerage sold price/sqft £2,710
Aerage sold price/sqft (new build) £2,620
Aerage sold price/sqft (old stock) £2,600

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 Barlestone is £2,710.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

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

In Barlestone, how has the number of houses changed?

The growth of an area like Barlestone 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
Barlestone growth rate 18% 33% 32%

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 Barlestone if you want to find out the exact reasons for the housing change.

If you’re buying a house for investment rather than for the reason to live in the house over time and use the house as a place to stay in the long term, there is a need to look at the rental yield figure to see if the house for sale you are considering to buy is a good investment or not.

This figure is usually looked at by investors as well as the rental income of the area, the sale turnover and the rent turnover.

The table below represents this data and compares Barlestone to Leicestershire and the broader suburb of the UK; West Midlands.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Barlestone 2.6% £975 no relevant data for this city 13.0%
Leicestershire 3.36% £869 102.50% 16.04%
West Midlands 3.89% £877 119.29% 20.00%

Let’s assume you want to sell the house you’re looking to buy in Barlestone for profit in the future, in this case, looking at the data for the number of houses sold per month in Barlestone would give you an idea of whether the area is actively getting new investors. This figure is 7.

It is vital you be careful with this figure however as the data can suggest something that isn’t true in Barlestone. To give an example, a lot of people buying new houses could also indicate there are a lot of new first time buyers in the area which would in fact drive down the rental yield.

The more people there are interested in renting, rather than buying, the more likely that area of the UK has high rental yields and hence investors like these areas to invest in to create a large amount of cash flow.

Asking price in Barlestone for a house for sale

Table showing the asking prices for houses for sale in Barlestone

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) £309,936
Average asking price (4 bed) £592,852
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 in terms of the house asking price, the average asking price for the house for sale in the whole of Barlestone is £0. This should show you the general prices overall and for individual types of houses too.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Barlestone is £442,371.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Barlestone is useful when negotiating and knowing what to expect for every type of house for sale.

What are the demographics like in the city of Barlestone?

In Barlestone, what are the deprivation levels like?

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 Barlestone, in particular, the deprivation levels are 20%.

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

Are the people in Barlestone earning a lot?

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 £46,500.

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 Barlestone this figure is 31%.

Is there sufficient green space in Barlestone?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Barlestone, the city has 32.1 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Barlestone.

In Barlestone, how has the population changed?

In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Barlestone is 10,552.

Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.

The most important variable is the location of the houses for sale in the city of Barlestone.

In Barlestone, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 5%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here

This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.

Making predictions about the future growth of Barlestone is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.

Comparing this figure for the 5 year growth (5%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.

Barlestone population difference over 10 years?

The population has adjusted in the area of Barlestone by 9% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.

This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Barlestone.

To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.

What is the education level like in Barlestone?

In Barlestone, the proportion of people who have a degree is 28%. 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 Barlestone is £46,500.

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.

The city of Barlestone, situated in Leicestershire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Barlestone and its demographics will be compared to its wider location (West Midlands). 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 Barlestone. So, taking a good look at the data is essential to understand the area you are considering to buy in.

What is the city of Barlestone’s social grade score?

In the city of Barlestone, the social grade score of the area is 31%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Barlestone.

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, do people commit a lot of crime in Barlestone?

Within Barlestone, the number of people committing crimes is 47 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 47 figure carefully.