As a landlord, whenever you are looking at houses for sale in Hampshire, you could find varying prices throughout an area like Bassett. 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 Bassett 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 Bassett will be revealed. Keep reading.
A house for sale that is right for you
What parameters impact the final price of a house for sale in Bassett?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Are you considering other cities with houses for sale?
Below are a list of towns with a similar location to Bassett.
Reading these analysis will help you evaluate the different houses for sale currently listed in South East:
- Ancton in South East
- Alkham in South East
- Ampthill in South East
- Bentley in South East
- Denton in South East
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.
What’s the rental yield in general for the city of Bassett?
Is the housing market in Bassett growing?
Whenever you are thinking about looking for houses for sale in Bassett, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Bassett growth rate||3%||11%||20%|
As the population of Bassett grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
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 Bassett to Hampshire and the broader suburb of the UK; South East.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
Let’s assume you want to sell the house you’re looking to buy in Bassett for profit in the future, in this case, looking at the data for the number of houses sold per month in Bassett would give you an idea of whether the area is actively getting new investors. This figure is 41.
It is vital you be careful with this figure however as the data can suggest something that isn’t true in Bassett. 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.
Advice from experts on properties for sale in Bassett
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
What kind of demographics does the city of Bassett have?
How much do people in Bassett earn?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (19%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bassett, this works out to be £42,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Do the people of Bassett get to enjoy green space?
In the city of Bassett, there are 17.8 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 Bassett is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
For the city of Bassett, what is the education level?
In the city of Bassett, 25% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bassett is £42,600.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
The city of Bassett, situated in Hampshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bassett and its demographics will be compared to its wider location (South East). 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 Bassett. So, taking a good look at the data is essential to understand the area you are considering to buy in.
What’s the crime rate in Bassett?
Within Bassett, the number of people committing crimes is 135 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 135 figure carefully.
How deprived is the population of Bassett?
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 Bassett is 27% 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.
What’s a social grade score and how does it relate to Bassett?
In the city of Bassett and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Bassett has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 19%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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 the city of Bassett, has the population grown or shrunk?
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 Bassett is 66,270.
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 Bassett.
In Bassett, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 3%. 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 Bassett 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 (3%) 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.
Bassett population difference over 10 years?
The population has adjusted in the area of Bassett 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 Bassett.
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.
In Bassett, what do houses for sale tend to sell for?
As well as looking at the asking price for house for sale in Bassett, 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 Bassett.
Houses for sale, are sold on average in Bassett, after the influence of these factors, at £246,260 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)||£424,367|
|Aerage sold price (semi-detached)||£254,411|
|Aerage sold price (terraced)||£216,185|
|Aerage sold price (flat)||£154,076|
This table above shows the average sale price for each variation of houses for sale in Bassett.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,820|
|Aerage sold price/sqft (new build)||£3,480|
|Aerage sold price/sqft (old stock)||£2,710|
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 Bassett is £2,820.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
In Bassett, what is the asking price in general for a house for sale?
Table showing the asking prices for houses for sale in Bassett
|Average asking price (1 bed)||£143,773|
|Average asking price (2 bed)||£248,164|
|Average asking price (3 bed)||£302,200|
|Average asking price (4 bed)||£524,528|
|Average asking price (5 bed)||£679,286|
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 Bassett has a lack of supply of housing in certain categories.
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Bassett determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £309,890.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Bassett.