What is it like buying a house in Bardfield Saling?

by | Nov 15, 2022

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Bardfield Saling can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bardfield Saling.

On top of this, keep reading for detailed information on the demographics of Bardfield Saling in Essex. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

What are the demographics like in the city of Bardfield Saling?

Bardfield Saling in the county of Essex is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Bardfield Saling is located in; East of England.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bardfield Saling, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In Bardfield Saling, what are the deprivation levels like?

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 Bardfield Saling is 23%.

Is the crime rate bad in the city of Bardfield Saling?

For every one thousand people living in Bardfield Saling, 121 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 121 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.

In Bardfield Saling, how educated are people in general?

Interestingly, the percentage of people who have a degree in the city of Bardfield Saling is 20%. 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 Bardfield Saling is £43,900.

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.

How much are those living in Bardfield Saling 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 £43,900.

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 Bardfield Saling this figure is 18%.

What does the population of Bardfield Saling look like?

Population growth in Bardfield Saling is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Bardfield Saling, 48,688 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Bardfield Saling in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Bardfield Saling, this change has been 2%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 2%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Bardfield Saling?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 5% in Bardfield Saling.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

What is the city of Bardfield Saling’s social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits.

The number of people in Bardfield Saling in grades A or B which are the highest skilled roles in the country is 18%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £43,900 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 18%.

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

In the city of Bardfield Saling, there are 5.9 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 Bardfield Saling is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

Always consider average rental yield when searching for houses for sale in Bardfield Saling

Is the housing market in Bardfield Saling growing?

The growth of an area like Bardfield Saling 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
Bardfield Saling growth rate 3% 14% 23%

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 Bardfield Saling if you want to find out the exact reasons for the housing change.

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 Bardfield Saling this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East of England) alongside Essex 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 Bardfield Saling.

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)
Bardfield Saling 3.7% £1,095 138% 17.0%
Essex 3.51% £1,237 125.97% 17.61%
East of England 3.49% £1,148 126.76% 16.58%

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 Bardfield Saling.

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 (43) will be useful.

In Bardfield Saling, 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 Bardfield Saling

Average asking price (1 bed) £171,550
Average asking price (2 bed) £267,359
Average asking price (3 bed) £351,731
Average asking price (4 bed) £521,851
Average asking price (5 bed) £611,176

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 Bardfield Saling is £3,750. This should show you the general prices overall and for individual types of houses too.

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 Bardfield Saling is £353,056.

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 Bardfield Saling is useful when negotiating and knowing what to expect for every type of house for sale.

In general, what do houses for sale sell for in Bardfield Saling?

In Bardfield Saling, the average sale price of a house for sale is in fact £290,591. This is dependent on the 10 year population growth of Bardfield Saling being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bardfield Saling.

Housing category Total final sale price
Aerage sold price (detached) £404,922
Aerage sold price (semi-detached) £287,030
Aerage sold price (terraced) £252,049
Aerage sold price (flat) £165,886

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 Bardfield Saling.

Housing category Sale price per square foot
Aerage sold price/sqft £3,200
Aerage sold price/sqft (new build) £3,350
Aerage sold price/sqft (old stock) £3,110

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 £3,470. This means if you are just looking out the houses sold in Bardfield Saling in general and didn’t take into consideration the type of build. For example, a new build.