How much does a house for sale cost in Branston?

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 Branston?

Whenever looking for a house for sale in the UK or in Branston, it is vital you look at the market trends and house price fluctuations in the wider area of Staffordshire 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 Branston.

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

In Branston, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Branston. In Branston, this sale price works out to be £152,144. As an example, a factor like population growth over the last 10 years which works out to be 7% in Branston and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £247,422
Average sold price (semi-detached) £164,062
Average sold price (terraced) £121,929
Average sold price (flat) £89,933

Above, the exact type of house is also shown to vary in price in a table in Branston. 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 £1,810
Average sold price/sqft (new build) £2,210
Average sold price/sqft (old stock) £1,620

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 Branston which is £1,810. 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.

In Branston, what are the demographics like?

In the city of Branston, how much green space remains for residents?

Whether you view green space in Branston as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Branston, the number of acres of green space for every 1000 people currently is 14.7 which can be measured against the UK average of 1.7.

How educated are the people in Branston?

In Branston, the proportion of people who have a degree is 17%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Branston is £37,500.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

Have the people of Branston grown in numbers?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Branston if 28,975 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 Branston such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Branston by 4%. 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 4% 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 Branston?

In the last decade, the population of Branston has been adjusted by 7%. 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.

Is the city of Branston deprived?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Branston, currently, 30% 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.

How much do people in Branston 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.

£37,500 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 13% for Branston.

Is the crime rate bad in the city of Branston?

The crime rate of Branston 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 132, 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 (132) is both useful and is recommended to be compared to the average.

In Branston, what is the social grade score?

In the city of Branston 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 Branston has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 13%.

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)

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

Located in Staffordshire is the city of Branston, 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 Branston 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 Branston 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.

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

In Branston, how has the number of houses changed?

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 Branston that shows the growth in recent years.

1 year 3 years 5 years
Branston growth rate -1% 7% 8%

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 Branston is important.

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 Branston this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East Midlands) alongside Staffordshire 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 Branston.

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)
Branston 4.3% £637 138% 23.0%
Staffordshire 3.76% £767 113.22% 20.39%
East Midlands 4.02% £775 113.13% 19.44%

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 Branston.

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 (39) will be useful.

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

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Branston is £179,804.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Branston is useful when negotiating and knowing what to expect for every type of house for sale.

Average asking prices for houses for sale in Branston

Average asking price (1 bed) £110,639
Average asking price (2 bed) £146,925
Average asking price (3 bed) £198,240
Average asking price (4 bed) £291,798
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 Branston is the right area to buy a house in for you.