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 Bell Green, West Midlands.
From the average asking price of houses for sale in Bell Green to the growth of the population in the area, all will be talked about regarding the city of Bell Green. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What’s the rental yield in general for the city of Bell Green?
Are there new houses being built in Bell Green to make it grow?
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 Bell Green that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bell Green growth rate | 8% | 16% | 32% |
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 Bell Green is important.
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 Bell Green. 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 Bell Green.
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 (West Midlands), a regional level (West Midlands) and finally on the level of the city talked about in this article, Bell Green.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bell Green | 4.9% | £886 | 78% | 26.0% |
| West Midlands | 4.34% | £919 | 123.12% | 22.46% |
| West Midlands | 3.89% | £877 | 119.29% | 20.00% |
You may also find it useful to compare the data above to the number of properties sold per month Bell Green experiences. This figure for house sales per month is 40. 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 any important statistics about the population of Bell Green?
How deprived is the population of Bell Green?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bell Green, currently, 32% 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 Bell Green?
For every one thousand people living in Bell Green, 152 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 152 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.
Is the education level of Bell Green important when buying a house?
The number of people as a percentage who have been through university and gained a degree is 19%. The ability to buy a home is greatly influenced by the number of people who have degrees. £37,700 is the amount people in Bell Green 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 Bell Green, 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.
The city of Bell Green, situated in West Midlands, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bell Green 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 Bell Green. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much green space is available to residents of Bell Green?
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 Bell Green currently has 14.3 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 Bell Green in this case.
In Bell Green, 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 Bell Green in grades A or B which are the highest skilled roles in the country is 12%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £37,700 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 12%.
How much are those living in Bell Green earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£37,700 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 12% for Bell Green.
In Bell Green, how has the population changed?
Population growth in Bell Green 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 Bell Green, 63,192 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 Bell Green 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 Bell Green, this change has been 10%. 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 10%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Bell Green?
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 22% in Bell Green.
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.
On average, what is the figure for the asking price of a house for sale in Bell Green?
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 Bell Green is £215,437.
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 Bell Green is useful when negotiating and knowing what to expect for every type of house for sale.
Average asking prices for houses for sale in Bell Green
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £172,286 |
| Average asking price (3 bed) | £226,524 |
| Average asking price (4 bed) | £308,567 |
| 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 Bell Green is £0. This should show you the general prices overall and for individual types of houses too.
In general, what do houses for sale sell for in Bell Green?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bell Green. In Bell Green, this sale price works out to be £179,425. As an example, a factor like population growth over the last 10 years which works out to be 22% in Bell Green and impacts house prices of the houses for sale.
| Housing category | Total final sale price |
|---|---|
| Average sold price (detached) | £258,034 |
| Average sold price (semi-detached) | £187,283 |
| Average sold price (terraced) | £165,294 |
| Average sold price (flat) | £103,668 |
Above, the exact type of house is also shown to vary in price in a table in Bell Green. 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 | £2,110 |
| Average sold price/sqft (new build) | £2,370 |
| Average sold price/sqft (old stock) | £2,000 |
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 Bell Green which is £2,110. 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.
Invest in houses for sale in Bell Green with the right professional advice
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
House for sale in the same UK region
You can assess the various houses for sale offered in the area by consulting this list of cities in West Midlands, the same UK region as Bell Green:
- Stoke-Prior in West Midlands
- Avon-Dassett in West Midlands
- Blackbrook in West Midlands
- Kington in West Midlands
- Alsager in West Midlands
You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK
A house for sale appropriate to your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bell Green.
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Affordability – check this article from the UK government to find out (see what house for sale you can afford)
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Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
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Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
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Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
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EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
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Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
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Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
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Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
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