How much does a house for sale cost in Bridgend?

Bridgend 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 Cornwall.
Before looking for a house for sale in the city of Bridgend 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 Bridgend.

Are there any important statistics about the population of Bridgend?

What is the city of Bridgend’s social grade score?

In the city of Bridgend and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Bridgend has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 18%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

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 £36,671.43.

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

How deprived is the population of Bridgend?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Bridgend is £0.

What does the population of Bridgend look like?

The city of Bridgend has a total population of 139943. 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 Bridgend 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 Bridgend

Over time, in the last five years, the population of the city of Bridgend has changed by 4%. 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 4% 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 Bridgend?

In the last 10 years, there has been a shift in the population of 6%.

Comparing this to the 5 year figure of Bridgend 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.

The city of Bridgend, situated in Cornwall, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Bridgend and its demographics will be compared to its wider location (South 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 Bridgend. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In the city of Bridgend, 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 Bridgend currently has 28 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 Bridgend in this case.

How much are those living in Bridgend earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £36,671.43.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bridgend this figure is 18%.

What’s the crime rate in Bridgend?

For the city of Bridgend, crime rate is at 7886%. So for every 1000 people in the area, 7886% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

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

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.

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.

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Bridgend. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Bridgend.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Cornwall), a regional level (South West) and finally on the level of the city talked about in this article, Bridgend.

You may also find it useful to compare the data above to the number of properties sold per month Bridgend experiences. This figure for house sales per month is 22. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

houses for sale in other cities and regions in the UK

Below is a list of towns that differ from Bridgend.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to South West:

• aldington in South West
• aird-dhail in South West
• bryn in South West
• black-cross in South West
• bank-end in South West

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

A house for sale appropriate to your needs

Many criteria impact the price of houses for sale in Bridgend.
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.

Asking price in Bridgend for a house for sale

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

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 Bridgend has a lack of supply of housing in certain categories.

When speaking about the city of Bridgend, £261,917 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 in Bridgend would be after a larger house than someone living alone.

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.

In general, what do houses for sale sell for in Bridgend?

In Bridgend, houses for sale are sold at an average of £193,213. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bridgend. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

As you can see above, for Bridgend, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 6% where lots of movement may inflate or deflate house prices.

Looking at the second table about Bridgend, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bridgend is £1,941.

Invest in houses for sale in Bridgend with the right professional advice

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.

FAQ

If you are a landlord, should you renovate a property in the city of Bridgend?

Amidst the urban landscape of Bridgend, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 14 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (139943).

On a monthly basis, how many property transactions take place in Bridgend?

22 property transactions are reported in Bridgend each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

What’s the annual population shift in a city such as Bridgend?

When evaluating the population trajectory of Bridgend, explore the decade-spanning population shift of 6% and the five-year modification of population of 4%. By drawing comparisons, see if demographic changes in your chosen area is

prices for houses on sale in the broader vicinity of Bridgend?

Currently, the mean asking price of a house in Bridgend is £0, calculated using the average value per square foot

Is investing in a house for sale in Bridgend a financially demanding choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Bridgend, the value is £193,213, whereas the UK’s mean is £286,500

Read more:

A guide on Rightmove property in Bridgend A guide on houses for sale in Bredenbury How much will you pay for a house for sale in Appletreehall? Avon Dassett – What to look for in houses for sale? A guide on houses for sale in Bodelwyddan A guide on houses for sale in Annan A guide on houses for sale in Banff A guide on houses for sale in Millport