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 Bedford, Bedfordshire.
From the average asking price of houses for sale in Bedford, to the growth of the population in the area, all will be talked about regarding the city of Bedford. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Other cities in different locations you can consider to buy property
If you are looking for a list of cities that are different to the City of Bedford and in different UK region to West Midlands. You might want to consider these as alternatives for your next real estate investment:
- crowthorne in West Midlands
- bishopston in West Midlands
- alpraham in West Midlands
- coombes in West Midlands
- didsbury in West Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
In general, for the city of Bedford, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bedford. In Bedford, this sale price works out to be £305,826. As an example, a factor like population growth over the last 10 years which works out to be 10% in Bedford and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£410,052|
|Average sold price (semi-detached)||£283,437|
|Average sold price (terraced)||£236,480|
|Average sold price (flat)||£157,423|
Above, the exact type of house is also shown to vary in price in a table in Bedford. 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||£2,962|
|Average sold price/sqft (new build)||£2,643|
|Average sold price/sqft (old stock)||£2,900|
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 Bedford which is £3,072. 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.
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Bedford
- affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
- Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
- Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
- Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
- EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
- Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
- Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
- Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
- Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.
Asking price in Bedford for a house for sale
Average price of houses for sale in Bedford
|Average asking price (1 bed)||£157,406|
|Average asking price (2 bed)||£266,691|
|Average asking price (3 bed)||£356,588|
|Average asking price (4 bed)||£511,175|
|Average asking price (5 bed)||£707,742|
After looking at this table about prices of houses for sale in Bedford, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £2,232 will help them to have a more holistic understanding.
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 Bedford 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 £388,739.
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 Bedford.
Get professional help on the houses for sale in Bedford
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
Are there any important statistics about the population of Bedford?
Is the education level of Bedford important when buying a house?
In Bedford, the proportion of people who have a degree is 28%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bedford is £46,366.67.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
What is the population of Bedford?
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 Bedford is 177600.
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 Bedford.
In Bedford, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. 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 Bedford 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 (4%) 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.
Bedford population difference over 10 years?
The population has adjusted in the area of Bedford by 10% 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 Bedford.
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.
Are the deprivation levels of the UK any different to Bedford?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Bedford is £0.
Is there sufficient green space in Bedford?
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 Bedford, the city has 34 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 Bedford.
What’s a social grade score and how does it relate to Bedford?
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 Bedford in grades A or B which are the highest skilled roles in the country is 0.2566666667.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £46,366.67 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 0.2566666667.
Bedford in the county of Bedfordshire 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 Bedford 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 Bedford, 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 Bedford?
Within Bedford, the number of people committing crimes is 103.3333333 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 103.3333333 figure carefully.
How much are those living in Bedford earning?
You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £46,366.67.
This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bedford this figure is 0.2566666667.
How are rental yields of the houses for sale different to the rest of the UK in Bedford?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Bedford this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (West Midlands) alongside Bedfordshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Bedford.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Bedford.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (25) will be useful.
In Bedford, how has the number of houses changed?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Bedford at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bedford growth rate||2%||11%||19%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bedford gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bedford.
Frequently Asked Questions
Are there opportunities for property renovation in Bedford?
Amidst the urban landscape of Bedford, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 19 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (177600).
What’s the number of property sales each month in Bedford?
In the city of Bedford, there are 25 and in the total for the UK, there are around 1.1 million property sales.
In a city like Bedford, what’s the yearly fluctuation in population?
To work out how the population of Bedford has changed over time, you can look at the population change over a decade which is 10% and the change in a five year period two which falls at 4%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
How much are houses for sale priced at in the extended region of Bedford?
The average asking price of a house in Bedford is currently £2,232 based on the average price per square foot.
Is a house for sale in Bedford an expensive choice?
To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Bedford this number is £305,826 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house