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

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much will you pay for a house for sale in Bradway?

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As a landlord, whenever you are looking at houses for sale in South Yorkshire, you could find varying prices throughout an area like Bradway. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Bradway to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Bradway will be revealed. Keep reading.

House for sale in a different UK region

Below is a list of towns that differ from Bradway.
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 East Midlands:

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 that is right for you

What parameters impact the final price of a house for sale in Bradway?
Here below is our list with the most important ones:

  • House for sale affordability – check out the (see house affordability guide)

    on the UK gov website to know more

  • House Location – the actual location of a house for sale drastically changes the final price of a property

  • 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.

  • 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.

  • 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.

  • 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

  • Do you drive to the office? – If yes, ask about parking. Is it included in the house price?

  • 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.

  • 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.

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

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bradway. In Bradway, this sale price works out to be £364,732. As an example, a factor like population growth over the last 10 years which works out to be 8% in Bradway and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £482,031
Average sold price (semi-detached) £314,778
Average sold price (terraced) £225,965
Average sold price (flat) £199,049

Above, the exact type of house is also shown to vary in price in a table in Bradway. 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 £3,120
Average sold price/sqft (new build) £3,150
Average sold price/sqft (old stock) £2,970

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 Bradway which is £3,120. 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.

How are rental yields of the houses for sale different to the rest of the UK in Bradway?

In Bradway, how has the number of houses changed?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Bradway at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Bradway growth rate 6% 20% 28%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bradway gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bradway.

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 Bradway, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East Midlands. As well as South Yorkshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bradway no relevant data for this city no relevant data for this city no relevant data for this city £0
South Yorkshire 4.41% £714.23 106.44% 22.07%
East Midlands 0.04 774.81 £1 19.44%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bradway you might be interested in the number of sales per month (10) that happen in the local housing market. Comparing this figure for Bradway with the above table gives you a good understanding of the profitability of the area.

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

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £263,333
Average asking price (3 bed) £378,269
Average asking price (4 bed) £593,748
Average asking price (5 bed) no relevant data for this city

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 (£0) for houses for sale with this table to get a good idea as to whether Bradway is the right area to buy a house in for you.

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 Bradway 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 £454,235.

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 Bradway.

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

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

What kind of demographics does the city of Bradway have?

In Bradway, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Bradway compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Bradway, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 45%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

Is there sufficient green space in Bradway?

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 Bradway currently has 31 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 Bradway in this case.

In Bradway, how educated are people in general?

In the city of Bradway, 44% 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 Bradway is £51,300.00.

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

In Bradway, how has the population changed?

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 Bradway is 15483.

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 Bradway.

In Bradway, 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 Bradway 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.

Bradway population difference over 10 years?

The population has adjusted in the area of Bradway by 8% 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 Bradway.

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.

How much do people in Bradway earn?

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.

£51,300.00 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 45% for Bradway.

In the city of Bradway, 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 South Yorkshire for example.

These demographics for Bradway 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 Bradway in East Midlands.

Is the city of Bradway deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bradway, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

What’s the crime rate in Bradway?

For every one thousand people living in Bradway, 5800% 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 5800% 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.

FAQ

Do properties in Bradway have the potential for renovation?

If planning permissions are abundant in the vicinity of Bradway, it may look promising for landlords looking to renovate. With 11 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 15483. A comparative analysis against other locations across the UK will lend you a good perspective of this data.

How many property sales occur per month in Bradway?

In Bradway, the monthly property transaction count reaches 10, a small percentage of the total house sales in the United Kingdom which equates to approximately 1.1 million.

How does the population in a city like Bradway change annually?

To assess the shifts in Bradway’s population over time, analyse how the population has altered. Look at the ten year change of population of 8%, alongside the five-year change of 4%.

How much are houses for sale priced at in the extended region of Bradway?

The current average price per square foot for a house in Bradway stands at £0, considering the mean cost for each square foot of houses for sale there.

Does opting for a house for sale in Bradway 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 Bradway, this stands at £364,732, whereas the UK’s mean is £286,500.

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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