As a landlord, whenever you are looking at houses for sale in Staffordshire, you could find varying prices throughout an area like Beamhurst. 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 Beamhurst 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 Beamhurst will be revealed. Keep reading.
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 West Midlands, allowing you to find similar places to Beamhurst:
- benington in West Midlands
- ardrossan in West Midlands
- high-beach in West Midlands
- aston-flamville in West Midlands
- eccleston in West Midlands
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
In general, for the city of Beamhurst, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Beamhurst. In Beamhurst, this sale price works out to be £212,709. As an example, a factor like population growth over the last 10 years which works out to be 7% in Beamhurst and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£308,970|
|Average sold price (semi-detached)||£179,720|
|Average sold price (terraced)||£145,889|
|Average sold price (flat)||£112,583|
Above, the exact type of house is also shown to vary in price in a table in Beamhurst. 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||£2,240|
|Average sold price/sqft (new build)||£2,480|
|Average sold price/sqft (old stock)||£2,080|
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 Beamhurst which is £2,240. 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.
Why you should consider the average rental yield when searching for houses for sale in Beamhurst
In Beamhurst, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Beamhurst at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Beamhurst growth rate||-5%||5%||12%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Beamhurst gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Beamhurst.
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 Beamhurst.
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 (Staffordshire) as well as the broader region; West Midlands.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Beamhurst||£0||£746||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 Beamhurst which is 21 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 Beamhurst is to invest in. Both in terms of rental yield and capital appreciation.
In Beamhurst, what is the asking price in general for a house for sale?
The average asking price for the houses for sale in the city of Beamhurst
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£202,780|
|Average asking price (3 bed)||£259,774|
|Average asking price (4 bed)||£418,805|
|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 Beamhurst is £0. This should show you the general prices overall and for individual types of houses too.
When investors make offers for houses for sale in Beamhurst, the average price asked by the homeowners works out to be £296,507.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Beamhurst is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
What are the demographics like in the city of Beamhurst?
In the city of Beamhurst, has the population grown or shrunk?
Population growth in Beamhurst is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Beamhurst, 20789 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Beamhurst in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Beamhurst, this change has been 4%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 4%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Beamhurst?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 7% in Beamhurst.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
How much do people in Beamhurst earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Beamhurst, the average income is £41,800.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 0.23 to decide on what the demographics are like in the area.
Is the crime rate bad in the city of Beamhurst?
For every one thousand people living in Beamhurst, 60 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 60 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.
How deprived is the population of Beamhurst?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Beamhurst, 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.
The city of Beamhurst, situated in Staffordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Beamhurst 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 Beamhurst. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What is the social grade score of Beamhurst?
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 Beamhurst in grades A or B which are the highest skilled roles in the country is 0.23.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £41,800.00 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 0.23.
For the city of Beamhurst, what is the education level?
In the city of Beamhurst, 24% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Beamhurst is £41,800.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
How much green space is available to residents of Beamhurst?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Beamhurst currently has 31 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Beamhurst in this case.
Advice from experts on properties for sale in Beamhurst
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.
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Beamhurst
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.
Frequently Asked Questions
Are there opportunities for property renovation in Beamhurst?
Beamhurst 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 20789. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
How many property sales occur per month in Beamhurst?
In the city of Beamhurst, there are 21 and in the total for the UK, there are around 1.1 million property sales.
What is the population change each year in a city like Beamhurst?
To work out how the population of Beamhurst has changed over time, you can look at the population change over a decade which is 7% and the change in a five year period two which falls at 4%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What is the asking price for houses for sale in the wider region of Beamhurst?
The average asking price of a house in Beamhurst is currently £0 based on the average price per square foot.
Is purchasing a house in Beamhurst considered a costly decision?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Beamhurst, this value is £212,709, compared to the UK’s average of £286,500.