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.
What kind of demographics does the city of Bradway have?
In Bradway, how educated are people in general?
Interestingly, the percentage of people who have a degree in the city of Bradway is 44%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Bradway is £51,300.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
Are the deprivation levels of the UK any different to Bradway?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bradway, currently, 15% 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 does the population of Bradway look like?
The city of Bradway has a total population of 15,483. 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 Bradway 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 Bradway
Over time, in the last five years, the population of the city of Bradway 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 Bradway?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Bradway 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 Bradway, situated in South Yorkshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bradway and its demographics will be compared to its wider location (East Midlands). 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 Bradway. So, taking a good look at the data is essential to understand the area you are considering to buy in.
How much do people in Bradway earn?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Bradway, the average income is £51,300. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 45% to decide on what the demographics are like in the area.
What’s a social grade score and how does it relate to Bradway?
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|
In the city of Bradway, 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 Bradway, the city has 31.2 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 Bradway.
What’s crime like in Bradway?
In Bradway, for every 1000 people, there is currently a crime rate of 58. This can be compared to the national average of 79.52 for every 1000 people.
Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.
Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (58 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.
If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.
In general, what do houses for sale sell for in Bradway?
As well as looking at the asking price for house for sale in Bradway, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bradway.
Houses for sale, are sold on average in Bradway, after the influence of these factors, at £364,732 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 8% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£482,031|
|Aerage sold price (semi-detached)||£314,778|
|Aerage sold price (terraced)||£225,965|
|Aerage sold price (flat)||£199,049|
This table above shows the average sale price for each variation of houses for sale in Bradway.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,120|
|Aerage sold price/sqft (new build)||£3,150|
|Aerage sold price/sqft (old stock)||£2,970|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bradway is £3,120.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
Why you should consider the average rental yield when searching for houses for sale in Bradway
What is the growth in the housing market of Bradway?
The growth of an area like Bradway 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|
|Bradway growth rate||6%||20%||28%|
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 Bradway 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 Bradway. 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 Bradway.
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 (South Yorkshire), a regional level (East Midlands) and finally on the level of the city talked about in this article, Bradway.
|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||20.0%|
You may also find it useful to compare the data above to the number of properties sold per month Bradway experiences. This figure for house sales per month is 12. 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.
What is the asking price on average of houses for sale in Bradway?
Table showing the asking prices for houses for sale in 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|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Bradway is £0. This should show you the general prices overall and for individual types of houses too.
On average, in Bradway, the asking price for a house for sale in the area is £454,235.
The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bradway. From a 1 bedroom house up to a 5 bedroom house.
As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.
Professional advice for houses for sale in Bradway
A house for sale appropriate to your needs
Many criteria impact the price of houses for sale in Bradway.
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.
Are you considering other cities with houses for sale?
See here below a list of cities in the same UK region of Bradway which is East Midlands. You might want to consider these as alternatives for your next real estate investment:
- Conisbrough in East Midlands
- Killamarsh in East Midlands
- Barwell in East Midlands
- Caldwell in East Midlands
- Beaumont-Leys in East Midlands
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment