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

by | Nov 15, 2022

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

Bridgend can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bridgend.

On top of this, keep reading for detailed information on the demographics of Bridgend in Cornwall. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

In Bridgend, what is the asking price in general for a house for sale?

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 Bridgend 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 £261,917.

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 Bridgend.

Average price of houses for sale in Bridgend

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £170,988
Average asking price (3 bed) £223,350
Average asking price (4 bed) £378,932
Average asking price (5 bed) £557,729

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bridgend 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 £0 should also give you an overview of what the asking price for houses for sale are in general.

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

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 Bridgend this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Cornwall 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 Bridgend.

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)
Bridgend 2.9% £895 no relevant data for this city 25.4%
Cornwall 3.46% £950 116.50% 13.34%
South West 3.57% £1,079 132.66% 17.35%

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 Bridgend.

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 (116) will be useful.

Are there new houses being built in Bridgend to make it grow?

The growth of an area like Bridgend 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
Bridgend growth rate 5% 23% 27%

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

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

In Bridgend, the average sale price of a house for sale is in fact £193,213. This is dependent on the 10 year population growth of Bridgend being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bridgend.

Housing category Total final sale price
Aerage sold price (detached) £292,620
Aerage sold price (semi-detached) £183,841
Aerage sold price (terraced) £144,018
Aerage sold price (flat) £120,417

The list below is able to inform you of what these prices are. Giving you an accurate estimate of whether a landlord is likely to accept your offer based on the prices of the houses for sale in Bridgend.

Housing category Sale price per square foot
Aerage sold price/sqft £1,941
Aerage sold price/sqft (new build) £2,023
Aerage sold price/sqft (old stock) £1,861

Evidently, certain types of houses for sale will have different types of demand and this will be reflected on the final price.

On average, the cost of a house for sale per square foot works out to be £1,941. This means if you are just looking out the houses sold in Bridgend in general and didn’t take into consideration the type of build. For example, a new build.

What kind of demographics does the city of Bridgend have?

What does the population of Bridgend look like?

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 Bridgend is 139,943.

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 Bridgend.

In Bridgend, 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 Bridgend 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.

Bridgend population difference over 10 years?

The population has adjusted in the area of Bridgend by 6% 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 Bridgend.

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.

Located in Cornwall is the city of Bridgend, in a large part of the UK; South West. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Bridgend has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Bridgend which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

In Bridgend, 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 Bridgend in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £36,671 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 18%.

In Bridgend, what are the deprivation levels like?

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 Bridgend is 29% 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.

Do the people of Bridgend get to enjoy 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 Bridgend, 28.4 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 Bridgend.

How much do people in Bridgend earn?

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 Bridgend. Compare the area’s average household income of £36,671 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 18% for more conclusive data on the affluence of the area.

What’s crime like in Bridgend?

The crime rate of Bridgend 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 79, 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 (79) is both useful and is recommended to be compared to the average.

How educated are the people in Bridgend?

In the city of Bridgend, 24% 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 Bridgend is £36,671.

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