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How much does a house for sale cost in Bishopston?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much does a house for sale cost in Bishopston?

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

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

In Bishopston, what are the rental yields?

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 Bishopston. 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 Bishopston.

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 (Swansea), a regional level (Wales) and finally on the level of the city talked about in this article, Bishopston.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bishopston £0 £1,409 £1 £0
Swansea 5.20% £1,122.00 131.00% 22.17%
Wales 0.04 861.19 £1 14.84%

You may also find it useful to compare the data above to the number of properties sold per month Bishopston experiences. This figure for house sales per month is 26. 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.

In Bishopston, how has the number of houses changed?

Before committing to Bishopston 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
Bishopston growth rate 7% 29% 35%

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 Bishopston is building housing to find your answer.

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

As well as looking at the asking price for house for sale in Bishopston, 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 Bishopston.

Houses for sale, are sold on average in Bishopston, after the influence of these factors, at £338,329 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 7% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £435,773
Aerage sold price (semi-detached) £310,132
Aerage sold price (terraced) £319,623
Aerage sold price (flat) £205,541

This table above shows the average sale price for each variation of houses for sale in Bishopston.

Housing category Sale price per square foot
Aerage sold price/sqft £3,250
Aerage sold price/sqft (new build) £3,070
Aerage sold price/sqft (old stock) £3,115

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 Bishopston is £3,395.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

What is the asking price on average of houses for sale in Bishopston?

When speaking about the city of Bishopston, £425,389 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Bishopston would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Table showing the asking prices for houses for sale in Bishopston

Average asking price (1 bed) £217,000
Average asking price (2 bed) £292,457
Average asking price (3 bed) £403,300
Average asking price (4 bed) £573,960
Average asking price (5 bed) £747,425

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 £2,195. 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 Bishopston has a lack of supply of housing in certain categories.

What kind of demographics does the city of Bishopston have?

In the city of Bishopston, is there a lot of green space?

Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.

In Bishopston, 34 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Bishopston.

Bishopston in the county of Swansea 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 Bishopston is located in; Wales.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bishopston, 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.

What is the education level like in Bishopston?

In the city of Bishopston, 37% 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 Bishopston is £47,250.00. 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.

What does the population of Bishopston look like?

In total, the number of people in Bishopston is 66717. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Bishopston, depending on where exactly you are.

How has Bishopston changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Bishopston has changed by 3%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 3% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Bishopston?

7% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Bishopston have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

What’s the crime rate in Bishopston?

For the city of Bishopston, crime rate is at 74.5. So for every 1000 people in the area, 74.5 commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

How much do people in Bishopston earn?

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 £47,250.00.

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 Bishopston this figure is 0.355.

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

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 £0 for Bishopston should give you a nice idea of the deprivation in the area.

In Bishopston, what is the social grade score?

In the city of Bishopston, the social grade score of the area is 0.355. 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 Bishopston.

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

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Bishopston.
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.

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

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

houses for sale in other cities and regions in the UK

If you are looking for a list of cities that are different to the City of Bishopston and in different UK region to Wales. You might want to consider these as alternatives for your next real estate investment:

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.

FAQ

Do properties in Bishopston have the potential for renovation?

Amidst the urban landscape of Bishopston, 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 26 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 (66717).

What’s the number of property sales each month in Bishopston?

In Bishopston, the monthly property transaction count reaches 26, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

What’s the annual population shift in a city such as Bishopston?

When evaluating the population trajectory of Bishopston, explore the decade-spanning population shift of 7% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is

In the larger vicinity of Bishopston, what is the cost of houses available for sale?

In Bishopston, the mean asking price per square foot for a house is currently £2,195, based on the average value per square foot

Is a house for sale in Bishopston an expensive choice?

Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Bishopston, this figure stands at £338,329, while the UK average is £286,500.

Find an estate agent where you’re looking to buy in Bishopston

When buying, having the right expertise when navigating Bishopston and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Contact number Address of agent Email
Elephant Estate Agents 441173700556 2 THE PROMENADE Matthew Bailey (matthew@elephantlovesbristol.co.uk);Alec Jupp (alec@elephantlovesbristol.co.uk);Tom West (tom@elephantlovesbristol.co.uk);Emily Aumais (emily@elephantlovesbristol.co.uk);Beth Prosser (beth@elephantlovesbristol.co.uk)
Kendall Harper 441179094400 129 Gloucester Road Dhani Golding (dhani@kendallharper.com);Thomas Dennis-Jones (thomas@kendallharper.com);Kendall Harper (kendall@kendallharper.com)
Homes For You 441179494943 182 Gloucester Road nan
Streets Ahead nan 415 Gloucester Road Richard Manning (richard@bestreetsahead.co.uk);Karen Manning (karen@bestreetsahead.co.uk)
Ocean – Bishopston 441794757654 201 Gloucester Road, Bishopston, Bristol, BS7 8BG Phone number only

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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