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Bath – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Bath – What to look for in houses for sale?

As a landlord, whenever you are looking at houses for sale in Somerset, you could find varying prices throughout an area like Bath. 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 Bath 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 Bath will be revealed. Keep reading.

Always consider average rental yield when searching for houses for sale in Bath

Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.

Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.

For the city of Bath, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; South West. As well as Somerset, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bath 3.7% £1,473 140% 16.0%
Somerset 3.77% £1,175 138.81% 20.04%
South West 3.57% £1,079 132.66% 17.35%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bath you might be interested in the number of sales per month (83) that happen in the local housing market. Comparing this figure for Bath with the above table gives you a good understanding of the profitability of the area.

Is the housing market in Bath growing?

Before committing to Bath 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.

1 year 3 years 5 years
Bath growth rate 1% 11% 16%

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 Bath is building housing to find your answer.

In general, for the city of Bath, what are the final purchase prices for the houses for sale?

In Bath, houses for sale are sold at an average of £409,504. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bath. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category Total final sale price
Aerage sold price (detached) £648,388
Aerage sold price (semi-detached) £410,940
Aerage sold price (terraced) £384,394
Aerage sold price (flat) £303,668

As you can see above, for Bath, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 13% where lots of movement may inflate or deflate house prices.

Housing category Sale price per square foot
Aerage sold price/sqft £3,970
Aerage sold price/sqft (new build) £4,230
Aerage sold price/sqft (old stock) £3,890

Looking at the second table about Bath, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bath is £4,320.

What are the asking prices for the houses for sale in the city of Bath?

On average, in Bath, the asking price for a house for sale in the area is £480,334.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bath. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Average asking prices for houses for sale in Bath

Average asking price (1 bed) £263,763
Average asking price (2 bed) £387,616
Average asking price (3 bed) £480,907
Average asking price (4 bed) £773,600
Average asking price (5 bed) £1,125,033

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bath 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 £4,670 should also give you an overview of what the asking price for houses for sale are in general.

What are the people like in Bath?

Are the people in Bath earning a lot?

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.

£44,800 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 34% for Bath.

Do the people of Bath get to enjoy green space?

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 Bath currently has 13.2 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 Bath in this case.

What is the social grade score of Bath?

In the city of Bath, the social grade score of the area is 34%. 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 Bath.

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 Bath?

In Bath, for every 1000 people, there is currently a crime rate of 92. 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 (92 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 Bath, how educated are people in general?

In the city of Bath, 42% 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 Bath is £44,800.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

Are the deprivation levels of the UK any different to Bath?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of 18% for Bath should give you a nice idea of the deprivation in the area.

What is the population of Bath?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bath if 114,142 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 Bath such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Bath by 7%. 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 7% 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 Bath?

In the last decade, the population of Bath has been adjusted by 13%. 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.

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

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

Advice from experts on properties for sale in Bath

House for sale in the same UK region

We have prepared a list of cities in South West, the same UK region of Bath that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Bath.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

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