What is it like buying a house in Birley?

Whenever looking for a house for sale in the UK or in Birley, it is vital you look at the market trends and house price fluctuations in the wider area of Herefordshire 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 Birley.

In this article, we will be looking at the city of Birley in detail so you know how to navigate the area and have a better understanding on where to invest.

Are there any important statistics about the population of Birley?

How much green space is available to residents of Birley?

In the city of Birley, there are 28.2 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 Birley is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

How much are those living in Birley 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.

£39,500 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 18% for Birley.

For the city of Birley, what is the education level?

In the city of Birley, 25% 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 Birley is £39,500. 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.

Are the people of Birley deprived?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Birley is 23% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

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

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Birley if 29,989 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Birley such as rental yield or house appreciation.

How has the population size of Birley adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Birley by 3%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 3% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Birley?

In the last decade, the population of Birley has been adjusted by 6%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What is the city of Birley’s 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 Birley in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £39,500 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 18%.

Birley in the county of Herefordshire is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Birley is located in; West Midlands.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Birley, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

Is the crime rate bad in the city of Birley?

In Birley, for every 1000 people, there is currently a crime rate of 106. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (106 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Birley. In Birley, this sale price works out to be £237,582. As an example, a factor like population growth over the last 10 years which works out to be 6% in Birley and impacts house prices of the houses for sale.

Above, the exact type of house is also shown to vary in price in a table in Birley. 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.

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 Birley which is £2,480. 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.

What’s the rental yield in general for the city of Birley?

Are there more or fewer houses being built in Birley?

Before committing to Birley 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.

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 Birley is building housing to find your answer.

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 Birley. 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 Birley.

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 (Herefordshire), a regional level (West Midlands) and finally on the level of the city talked about in this article, Birley.

You may also find it useful to compare the data above to the number of properties sold per month Birley experiences. This figure for house sales per month is 20. 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.

Asking price in Birley for a house for sale

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 Birley is £307,558.

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 Birley is useful when negotiating and knowing what to expect for every type of house for sale.

Average asking prices for houses for sale in Birley

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Birley and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £2,500 should also give you an overview of what the asking price for houses for sale are in general.

Invest in houses for sale in Birley with the right professional advice

Choose the right house for sale that suits 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 Birley.

• Affordability – check this article from the UK government to find out (see what house for sale you can afford)

• 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.

• 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.

• 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.

• 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.

• Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

• 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

• 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.

Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.

Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.

Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:

• Lender – This practitioner can lend you money to finalise a house purchase
• Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
• Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
• Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
• Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
• Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase

Other cities you can consider looking for with houses for sale

Below are a list of towns with a similar location to Birley.
Reading these analysis will help you evaluate the different houses for sale currently listed in West Midlands:

• Blythe-Bridge in West Midlands
• Beoley in West Midlands
• Radford-Semele in West Midlands
• Donnington in West Midlands
• Beckbury in West Midlands

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.