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 Bradford, West Yorkshire.
From the average asking price of houses for sale in Bradford to the growth of the population in the area, all will be talked about regarding the city of Bradford. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Bradford, what is the asking price in general for a house for sale?
Table showing the asking prices for houses for sale in Bradford
| Average asking price (1 bed) | £42,977 |
| Average asking price (2 bed) | £120,171 |
| Average asking price (3 bed) | £177,800 |
| Average asking price (4 bed) | £274,004 |
| Average asking price (5 bed) | £486,632 |
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bradford 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 £123 should also give you an overview of what the asking price for houses for sale are in general.
On average, in Bradford, the asking price for a house for sale in the area is £162,401.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bradford. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
In general, for the city of Bradford, what are the final purchase prices for the houses for sale?
For the city of Bradford, the average price a house sells for is £127,283. This value usually depends on the exact location of the house within Bradford as well as other factors like the population growth in Bradford which is 5% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £230,296 |
| Aerage sold price (semi-detached) | £137,912 |
| Aerage sold price (terraced) | £106,028 |
| Aerage sold price (flat) | £78,856 |
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 Bradford.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,464 |
| Aerage sold price/sqft (new build) | £1,417 |
| Aerage sold price/sqft (old stock) | £1,358 |
Generalising the bottom table, the average value per square foot of a house for sale is £1,477. This value averages all of the types of houses for sale in Bradford. 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 Bradford.
Why you should consider the average rental yield when searching for houses for sale in Bradford
Is the housing market in Bradford growing?
The growth of an area like Bradford 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 | |
|---|---|---|---|
| Bradford growth rate | 3% | 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 Bradford 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 Bradford, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North West. As well as West Yorkshire, to give a smaller scale area to compare the data to.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bradford | 5.0% | £632 | 112% | 24.2% |
| West Yorkshire | 4.55% | £778 | 125.25% | 21.88% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
Assuming that in the future you want to re-sell the house you will eventually purchased in Bradford you might be interested in the number of sales per month (306) that happen in the local housing market. Comparing this figure for Bradford with the above table gives you a good understanding of the profitability of the area.
What are the demographics like in the city of Bradford?
What’s crime like in Bradford?
Within Bradford, the number of people committing crimes is 221 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 221 figure carefully.
What’s a social grade score and how does it relate to Bradford?
In the city of Bradford, the social grade score of the area is 14%. 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 Bradford.
| 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 |
What is the population of Bradford?
The city of Bradford has a total population of 419,423. 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 Bradford 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 Bradford
Over time, in the last five years, the population of the city of Bradford has changed by 2%. 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 2% 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 Bradford?
In the last 10 years, there has been a shift in the population of 5%.
Comparing this to the 5 year figure of Bradford 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.
For the city of Bradford, what is the education level?
In the city of Bradford, 19% 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 Bradford is £35,725.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Bradford, what are the deprivation levels like?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bradford, in particular, the deprivation levels are 34%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
The city of Bradford, situated in West Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bradford and its demographics will be compared to its wider location (North 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 Bradford. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much green space is available to residents of Bradford?
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 Bradford currently has 11.5 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 Bradford in this case.
How much are those living in Bradford earning?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Bradford, the average income is £35,725. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 14% to decide on what the demographics are like in the area.
Invest in houses for sale in Bradford with the right professional advice
A house for sale appropriate to your needs
What parameters impact the final price of a house for sale in Bradford?
Here below is our list with the most important ones:
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House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
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House Location – the actual location of a house for sale drastically changes the final price of a property
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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.
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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.
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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.
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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
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Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
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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.
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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.
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
House for sale in the same UK region
We have prepared a list of cities in North West, the same UK region of Bradford that can help you evaluate the different houses for sale listed in the region:
- Blackburn in North West
- Arclid in North West
- Bradford in North West
- Seaforth in North West
- Huddersfield in North West
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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