Bournemouth – What to look for in houses for sale?

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

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

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

In Bournemouth, how has the number of houses changed?

The growth of an area like Bournemouth 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.

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 Bournemouth if you want to find out the exact reasons for the housing change.

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 Bournemouth, 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 Dorset, to give a smaller scale area to compare the data to.

Assuming that in the future you want to re-sell the house you will eventually purchased in Bournemouth you might be interested in the number of sales per month (22) that happen in the local housing market. Comparing this figure for Bournemouth with the above table gives you a good understanding of the profitability of the area.

What are the people like in Bournemouth?

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

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 Bournemouth is £0.

In the city of Bournemouth, 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 Bournemouth, 12 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 Bournemouth.

In Bournemouth, what is the crime rate?

Within Bournemouth, the number of people committing crimes is 12976% 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 12976% figure carefully.

How educated are the people in Bournemouth?

Interestingly, the percentage of people who have a degree in the city of Bournemouth is 27%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Bournemouth is £39,705.88.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

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

In the below headings, the city of Bournemouth 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 Bournemouth. So, taking a good look at the data is essential to understand the area you are considering to buy in.

Are the people in Bournemouth earning a lot?

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 (24%). 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 Bournemouth, this works out to be £39,705.88. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

In Bournemouth, how has the population changed?

In total, the number of people in Bournemouth is 322164. 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 Bournemouth, depending on where exactly you are.

How has Bournemouth 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 Bournemouth has changed by 2%. 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 2% 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 Bournemouth?

6% 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 Bournemouth 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 is a social grade score and how does this relate to Bournemouth?

In the city of Bournemouth, the social grade score of the area is 24%. 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 Bournemouth.

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

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

In Bournemouth, what do houses for sale tend to sell for?

For the city of Bournemouth, the average price a house sells for is £326,231. This value usually depends on the exact location of the house within Bournemouth as well as other factors like the population growth which is 6% over a ten-year period.

The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Bournemouth.

Generalising the bottom table, the average value per square foot of a house for sale is £3,462. This value averages all of the types of houses for sale in Bournemouth. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Bournemouth.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

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

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 Bournemouth 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 £412,687.

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 Bournemouth.

In the city of Bournemouth, what is the average asking price for the houses for sale?

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bournemouth 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 £1,161 should also give you an overview of what the asking price for houses for sale are in general.

Choose the right house for sale that suits your needs

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

Other cities in different locations you can consider to buy property

Below is a list of towns that differ from Bournemouth.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:

• strone in South West
• darlington in South West
• aston-flamville in South West
• bostock-green in South West
• bow in South West

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

Frequently Asked Questions (FAQ)

Is it possible to renovate a property in Bournemouth?

Every single month in Bournemouth, there are 7 planning applications, of which 69% result in a success. Look at this in terms of the population size of 322164 to work out if you think you’d have good planning success if you were to renovate.

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

22 property transactions are reported in Bournemouth each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What is the population change each year in a city like Bournemouth?

To assess the shifts in Bournemouth’s population over time, analyse how the population has altered. Look at the ten year change of population of 6%, alongside the five-year change of 2%.

prices for houses on sale in the broader vicinity of Bournemouth?

The average asking price of a house in Bournemouth is currently £1,161 based on the average price per square foot.

Does opting for a house for sale in Bournemouth come with a hefty price tag?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Bournemouth, the value is £326,231, whereas the UK’s mean is £286,500