Whenever looking for a house for sale in the UK or in Bray, it is vital you look at the market trends and house price fluctuations in the wider area of Berkshire 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 Bray.
In this article, we will be looking at the city of Bray in detail so you know how to navigate the area and have a better understanding on where to invest.
Finding the ideal house for sale for you
Many criteria impact the price of houses for sale in Bray.
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 Bray with the right professional advice
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
What’s the rental yield in general for the city of Bray?
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 Bray this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (South East) alongside Berkshire 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 Bray.
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 Bray.
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 (50) will be useful.
In Bray, how has the number of houses changed?
Whenever you are thinking about looking for houses for sale in Bray, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Bray growth rate||5%||17%||14%|
As the population of Bray grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What are the asking prices for the houses for sale in the city of Bray?
When investors make offers for houses for sale in Bray, the average price asked by the homeowners works out to be £529,281.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Bray is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Average prices for the houses for sale in Bray
|Average asking price (1 bed)||£246,836|
|Average asking price (2 bed)||£376,612|
|Average asking price (3 bed)||£554,943|
|Average asking price (4 bed)||£877,043|
|Average asking price (5 bed)||£1,458,195|
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£4,910) for houses for sale with this table to get a good idea as to whether Bray is the right area to buy a house in for you.
Thinking of a different city and perhaps a different location?
If you are looking for similar places to buy a house that are just like Bray, examine this short list of cities below from outside of the region of South East for some inspiration.
- high-beach in South East
- bell-bar in South East
- angmering in South East
- horsehay in South East
- aldershot in South East
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Are there any important statistics about the population of Bray?
In the city of Bray, how much green space remains for residents?
In the city of Bray, there are 17 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Bray is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
Bray in the county of Berkshire 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 Bray is located in; South East.
Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bray, 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’s the crime rate in Bray?
For every one thousand people living in Bray, 7800% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 7800% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
How educated are the people in Bray?
The number of people as a percentage who have been through university and gained a degree is 37%. The ability to buy a home is greatly influenced by the number of people who have degrees. £60,400.00 is the amount people in Bray 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 Bray, 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.
How much do people in Bray earn?
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 (38%). 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 Bray, this works out to be £60,400.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Are the people of Bray deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Bray is £0 and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
What is a social grade score and how does this relate to Bray?
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 Bray in grades A or B which are the highest skilled roles in the country is 38%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £60,400.00 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 38%.
What is the population of Bray?
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 Bray is 77308.
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 Bray.
In Bray, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 2%. 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 Bray 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 (2%) 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.
Bray population difference over 10 years?
The population has adjusted in the area of Bray by 5% 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 Bray.
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 general, what do houses for sale sell for in Bray?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bray. In Bray, this sale price works out to be £487,623. As an example, a factor like population growth over the last 10 years which works out to be 5% in Bray and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£765,445|
|Average sold price (semi-detached)||£473,777|
|Average sold price (terraced)||£420,290|
|Average sold price (flat)||£305,549|
Above, the exact type of house is also shown to vary in price in a table in Bray. 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||£4,690|
|Average sold price/sqft (new build)||£5,240|
|Average sold price/sqft (old stock)||£4,640|
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 Bray which is £4,800. 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.
If you are a landlord, should you renovate a property in the city of Bray?
Every single month in Bray, there are 80 planning applications, of which 84% result in a success. Look at this in terms of the population size of 77308 to work out if you think you’d have good planning success if you were to renovate.
In Bray, how many property sales per month are there?
In the city of Bray, there are 50 and in the total for the UK, there are around 1.1 million property sales.
What is the population change each year in a city like Bray?
When evaluating the population trajectory of Bray, explore the decade-spanning population shift of 5% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is
How much are houses for sale priced at in the extended region of Bray?
The current average price per square foot for a house in Bray stands at £4,910, considering the mean cost for each square foot of houses for sale there.
Does opting for a house for sale in Bray come with a hefty price tag?
Ascertain the costliness of a property by examining a listed house for sale in relation to the prevailing average selling prices. In Bray, this stands at £487,623, whereas the UK’s mean is £286,500.