Bearsted can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bearsted.
On top of this, keep reading for detailed information on the demographics of Bearsted in Kent. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
What is the final sale price of a house in Bearsted?
In Bearsted, the average sale price of a house for sale is in fact £314,019. This is dependent on the 10 year population growth of Bearsted being 13%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bearsted.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £482,729 |
| Aerage sold price (semi-detached) | £337,348 |
| Aerage sold price (terraced) | £257,573 |
| Aerage sold price (flat) | £177,072 |
The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Bearsted.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £3,375 |
| Aerage sold price/sqft (new build) | £3,485 |
| Aerage sold price/sqft (old stock) | £3,285 |
Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.
On average, the cost of a house for sale per square foot works out to be £3,515. This means if you are just looking out the houses sold in Bearsted in general and didn’t take into consideration the type of build. For example, a new build.
What are the asking prices for the houses for sale in the city of Bearsted?
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 Bearsted 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 £379,744.
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 Bearsted.
In the city of Bearsted, what is the average asking price for the houses for sale?
| Average asking price (1 bed) | £191,388 |
| Average asking price (2 bed) | £269,312 |
| Average asking price (3 bed) | £389,155 |
| Average asking price (4 bed) | £583,927 |
| Average asking price (5 bed) | £709,917 |
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 Bearsted is £3,660. This should show you the general prices overall and for individual types of houses too.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Bearsted.
Here below are the most important ones according to Lofti’s expertise:
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Affordability – (see what house for sale can you afford?)
A guide from the UK government
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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.
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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
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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
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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.
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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
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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
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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.
What are the people like in Bearsted?
What’s crime like in Bearsted?
In Bearsted, for every 1000 people, there is currently a crime rate of 146. 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 (146 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.
What is the education level like in Bearsted?
In the city of Bearsted, 24% 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 Bearsted is £48,400.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In the city of Bearsted, is there a lot of green space?
In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bearsted, the city has 27.0 per 1000 residents.
This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bearsted.
What is the social grade score of Bearsted?
In the city of Bearsted, the social grade score of the area is 23%. 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 Bearsted.
| 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 |
Are the people in Bearsted 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.
£48,400 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 23% for Bearsted.
What is the population of Bearsted?
The city of Bearsted has a total population of 78,875. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bearsted is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bearsted
Over time, in the last five years, the population of the city of Bearsted has changed by 6%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 6% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bearsted?
In the last 10 years, there has been a shift in the population of 13%.
Comparing this to the 5 year figure of Bearsted can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
How deprived is the population of Bearsted?
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 Bearsted 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 Bearsted, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Kent for example.
These demographics for Bearsted may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bearsted in South East.
houses for sale in other cities in the UK
We have prepared a list of cities in South East, the same UK region of Bearsted that can help you evaluate the different houses for sale listed in the region:
- Isle-Of-Wight in South East
- Chiltington in South East
- Best-Beech-Hill in South East
- Blean in South East
- Bladon in South East
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
What’s the rental yield in general for the city of Bearsted?
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.
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 in to all the details of Bearsted.
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 (Kent) as well as the broader region; South East.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bearsted | 3.5% | £1,085 | 139% | 19.0% |
| Kent | 3.63% | £1,229 | 130.16% | 16.77% |
| South East | 3.58% | £1,301 | 127.50% | 16.69% |
Also, you can compare other data to the table above such as the number of houses sold per month in Bearsted which is 68 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 Bearsted is to invest in. Both in terms of rental yield and capital appreciation.
Are there more or fewer houses being built in Bearsted?
The growth of an area like Bearsted can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.
Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bearsted growth rate | -1% | 13% | 18% |
Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.
Make sure you do your own research specific to the city of Bearsted if you want to find out the exact reasons for the housing change.
Advice from experts on properties for sale in Bearsted
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
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