How much does a house for sale cost in Brackla?

by | Nov 15, 2022

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

Brackla might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Bridgend.
Before looking for a house for sale in the city of Brackla we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Brackla.

Asking price in Brackla for a house for sale

When speaking about the city of Brackla, £235,909 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 would be after a larger house than someone living alone in Brackla.

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 Brackla

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £162,844
Average asking price (3 bed) £235,083
Average asking price (4 bed) £351,763
Average asking price (5 bed) no relevant data for this city

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 £0. 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 Brackla has a lack of supply of housing in certain categories.

Why you should consider the average rental yield when searching for houses for sale in Brackla

What is the growth in the housing market of Brackla?

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 Brackla at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Brackla growth rate 8% 25% 34%

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 Brackla 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 Brackla.

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 Brackla, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Wales. As well as Bridgend, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Brackla 4.3% £851 no relevant data for this city 22.0%
Bridgend 3.60% £873 no relevant data for this city 17.67%
Wales 4.28% £861 133.18% 14.84%

Assuming that in the future you want to re-sell the house you will eventually purchased in Brackla you might be interested in the number of sales per month (42) that happen in the local housing market. Comparing this figure for Brackla with the above table gives you a good understanding of the profitability of the area.

In Brackla, what are the demographics like?

In the city of Brackla, has the population grown or shrunk?

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 Brackla is 44,787.

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 Brackla.

In Brackla, 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 Brackla 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.

Brackla population difference over 10 years?

The population has adjusted in the area of Brackla by 7% 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 Brackla.

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.

In the city of Brackla, is there a lot of 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 Brackla currently has 3.9 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 Brackla in this case.

Are the people of Brackla deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Brackla, currently, 25% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

Are the people in Brackla earning a lot?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Brackla. Compare the area’s average household income of £46,400 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 20% for more conclusive data on the affluence of the area.

What’s crime like in Brackla?

In Brackla, for every 1000 people, there is currently a crime rate of 100. 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 (100 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 city of Brackla’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Brackla, the percentage of people in the two highest categories, A and B is 20%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £46,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (20%).

Brackla within Bridgend is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Brackla will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Wales). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Brackla.

In Brackla, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 27%. The ability to buy a home is greatly influenced by the number of people who have degrees. £46,400 is the amount people in Brackla are earning.

As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.

As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Brackla, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.

Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.

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

For the city of Brackla, the average price a house sells for is £180,025. This value usually depends on the exact location of the house within Brackla as well as other factors like the population growth in Brackla which is 7% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £238,405
Aerage sold price (semi-detached) £158,388
Aerage sold price (terraced) £130,845
Aerage sold price (flat) £100,213

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 Brackla.

Housing category Sale price per square foot
Aerage sold price/sqft £1,970
Aerage sold price/sqft (new build) £2,240
Aerage sold price/sqft (old stock) £1,850

Generalising the bottom table, the average value per square foot of a house for sale is £1,970. This value averages all of the types of houses for sale in Brackla. 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 Brackla.

Who can help you buy a house for sale in Brackla?

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

House for sale in the same UK region

Below are a list of towns with a similar location to Brackla.
Reading these analysis will help you evaluate the different houses for sale currently listed in Wales:

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

A house for sale appropriate to your needs

What parameters impact the final price of a house for sale in Brackla?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.

  • Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.

  • Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.

  • Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.

  • Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.