How much will you pay for a house for sale in Brentwood?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Brentwood?

Brentwood 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 Essex.
Before looking for a house for sale in the city of Brentwood 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 Brentwood.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Brentwood. In Brentwood, this sale price works out to be £458,700. As an example, a factor like population growth over the last 10 years which works out to be 5% in Brentwood and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £756,518
Average sold price (semi-detached) £477,142
Average sold price (terraced) £373,510
Average sold price (flat) £259,087

Above, the exact type of house is also shown to vary in price in a table in Brentwood. 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 £4,700
Average sold price/sqft (new build) £4,650
Average sold price/sqft (old stock) £4,623

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 Brentwood which is £4,873. 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.

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

The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.

Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Brentwood.

The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Essex) as well as the broader region; East of England.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Brentwood 3.3% £1,453 117% 12.7%
Essex 3.51% £1,237 125.97% 17.61%
East of England 3.49% £1,148 126.76% 16.58%

Also, you can compare other data to the table above such as the number of houses sold per month in Brentwood which is 65 and get a better understanding of the housing market.

This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Brentwood is to invest in. Both in terms of rental yield and capital appreciation.

Is the housing market in Brentwood growing?

Before committing to Brentwood 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
Brentwood growth rate 0% 18% 15%

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 Brentwood is building housing to find your answer.

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

The average asking price for the houses for sale in the city of Brentwood

Average asking price (1 bed) £260,910
Average asking price (2 bed) £386,986
Average asking price (3 bed) £567,871
Average asking price (4 bed) £755,253
Average asking price (5 bed) £1,186,631

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Brentwood 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 £5,047 should also give you an overview of what the asking price for houses for sale are in general.

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 Brentwood 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 £537,811.

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 Brentwood.

What are the people like in Brentwood?

For the city of Brentwood, what is the education level?

In the city of Brentwood, 31% 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 Brentwood is £51,567.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

What salary does the community in Brentwood take home?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£51,567 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 32% for Brentwood.

In the city of Brentwood, how much green space remains for residents?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Brentwood, the city has 50.3 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Brentwood.

Are the people of Brentwood deprived?

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 18% for Brentwood should give you a nice idea of the deprivation in the area.

In Brentwood, how has the population changed?

Population growth in Brentwood is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Brentwood, 67,434 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Brentwood in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Brentwood, this change has been 1%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 1%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Brentwood?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Brentwood.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

In the city of Brentwood, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Essex for example.

These demographics for Brentwood may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Brentwood in East of England.

In Brentwood, what is the social grade score?

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 Brentwood in grades A or B which are the highest skilled roles in the country is 32%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £51,567 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 32%.

In general, do people commit a lot of crime in Brentwood?

The crime rate of Brentwood must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.

For example, the area has a crime rate of 103, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.

Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.

Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (103) is both useful and is recommended to be compared to the average.