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How much does a house for sale cost in Braithwaite?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East Midlands $ How much does a house for sale cost in Braithwaite?

Whenever looking for a house for sale in the UK or in Braithwaite, it is vital you look at the market trends and house price fluctuations in the wider area of South Yorkshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Braithwaite.

In this article, we will be looking at the city of Braithwaite in detail so you know how to navigate the area and have a better understanding on where to invest.

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

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 Braithwaite, 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)
Braithwaite 4.3% £705 no relevant data for this city 18.0%
South Yorkshire 4.41% £714 106.44% 22.07%
East Midlands 4.02% £775 113.13% 19.44%

Assuming that in the future you want to re-sell the house you will eventually purchased in Braithwaite you might be interested in the number of sales per month (19) that happen in the local housing market. Comparing this figure for Braithwaite with the above table gives you a good understanding of the profitability of the area.

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

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Braithwaite that shows the growth in recent years.

1 year 3 years 5 years
Braithwaite growth rate 4% 30% 27%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Braithwaite is important.

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

In Braithwaite, the average sale price of a house for sale is in fact £138,438. This is dependent on the 10 year population growth of Braithwaite being 4%. Growing populations are more likely to inflate the prices of houses for sale in the city of Braithwaite.

Housing category Total final sale price
Aerage sold price (detached) £199,414
Aerage sold price (semi-detached) £116,250
Aerage sold price (terraced) £90,451
Aerage sold price (flat) no relevant data for this city

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 Braithwaite.

Housing category Sale price per square foot
Aerage sold price/sqft £1,530
Aerage sold price/sqft (new build) £1,510
Aerage sold price/sqft (old stock) £1,460

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 £1,530. This means if you are just looking out the houses sold in Braithwaite in general and didn’t take into consideration the type of build. For example, a new build.

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

When investors make offers for houses for sale in Braithwaite, the average price asked by the homeowners works out to be £194,668.

In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.

Any house that looks like it is overpriced for the number of bedrooms it has in Braithwaite is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.

In the city of Braithwaite, what is the average asking price for the houses for sale?

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £140,893
Average asking price (3 bed) £167,647
Average asking price (4 bed) £312,817
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 Braithwaite is the right area to buy a house in for you.

In Braithwaite, what are the demographics like?

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

For the city of Braithwaite, crime rate is at 124. So for every 1000 people in the area, 124 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.

How much do people in Braithwaite earn?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (12%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Braithwaite, this works out to be £34,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

How educated are the people in Braithwaite?

In the city of Braithwaite, 14% 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 Braithwaite is £34,000.

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

In the city of Braithwaite, is there a lot of green space?

In the city of Braithwaite, there are 12.1 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Braithwaite is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What is a social grade score and how does this relate to Braithwaite?

In the city of Braithwaite, the social grade score of the area is 12%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.

The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.

This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Braithwaite.

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 Braithwaite, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Braithwaite, currently, 32% 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.

Located in South Yorkshire is the city of Braithwaite, in a large part of the UK; East Midlands. 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 Braithwaite 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 Braithwaite 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.

What does the population of Braithwaite look like?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Braithwaite if 24,521 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Braithwaite such as rental yield or house appreciation.

How has the population size of Braithwaite adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Braithwaite by 2%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 2% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Braithwaite?

In the last decade, the population of Braithwaite has been adjusted by 4%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

Advice from experts on properties for sale in Braithwaite

House for sale in the same UK region

We have prepared a list of cities in East Midlands, the same UK region of Braithwaite that can help you evaluate the different houses for sale listed in the region:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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.

Invest in a house for sale that meets your demands

When browsing houses for sale in Braithwaite you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

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