As a landlord, whenever you are looking at houses for sale in Norfolk, you could find varying prices throughout an area like Bastwick. 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 Bastwick 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 Bastwick will be revealed. Keep reading.
What is the final sale price of a house in Bastwick?
For the city of Bastwick, the average price a house sells for is £246,816. This value usually depends on the exact location of the house within Bastwick as well as other factors like the population growth which is 3% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£276,680|
|Aerage sold price (semi-detached)||£200,776|
|Aerage sold price (terraced)||£182,524|
|Aerage sold price (flat)||£118,333|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Bastwick.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,490|
|Aerage sold price/sqft (new build)||£2,400|
|Aerage sold price/sqft (old stock)||£2,420|
Generalising the bottom table, the average value per square foot of a house for sale is £2,490. This value averages all of the types of houses for sale in Bastwick. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Bastwick.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.
Asking price in Bastwick for a house for sale
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 Bastwick is £314,885.
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 Bastwick is useful when negotiating and knowing what to expect for every type of house for sale.
Table showing the asking prices for houses for sale in Bastwick
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£165,914|
|Average asking price (3 bed)||£320,842|
|Average asking price (4 bed)||£466,296|
|Average asking price (5 bed)||£571,539|
After looking at this table about prices of houses for sale in Bastwick, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £0 will help them to have a more holistic understanding.
Advice from experts on properties for sale in Bastwick
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
Why you should consider the average rental yield when searching for houses for sale in Bastwick
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bastwick, 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Are there more or fewer houses being built in Bastwick?
The growth of an area like Bastwick 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|
|Bastwick growth rate||5%||26%||26%|
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 Bastwick if you want to find out the exact reasons for the housing change.
A house for sale that is right for you
When browsing houses for sale in Bastwick 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 – it 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. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
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.
houses for sale in other cities and regions in the UK
We have prepared a list of cities that are entirely dissimilar to the region of East of England, perfect if you are looking for somewhere similar to Bastwick but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- coalsnaughton in East of England
- barcombe in East of England
- oldham in East of England
- hither-green in East of England
- knowsley in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
What are the demographics like in the city of Bastwick?
How educated are the people in Bastwick?
The number of people as a percentage who have been through university and gained a degree is 18%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,300.00 is the amount people in Bastwick are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bastwick, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
Located in Norfolk is the city of Bastwick, in a large part of the UK; East of England. 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 Bastwick 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 Bastwick 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.
Are the people of Bastwick deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Bastwick should give you a nice idea of the deprivation in the area.
In the city of Bastwick, 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 Bastwick, the city has 7 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 Bastwick.
In the city of Bastwick, has the population grown or shrunk?
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 Bastwick is 20019.
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 Bastwick.
In Bastwick, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 1%. 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 Bastwick 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 (1%) 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.
Bastwick population difference over 10 years?
The population has adjusted in the area of Bastwick by 3% 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 Bastwick.
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.
What’s the crime rate in Bastwick?
For the city of Bastwick, crime rate is at 49. So for every 1000 people in the area, 49 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.
What is the social grade score of Bastwick?
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 Bastwick 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 Bastwick, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 0.16.
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|
How much do people in Bastwick 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.
£39,300.00 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 0.16 for Bastwick.
Are there opportunities for property renovation in Bastwick?
Every single month in Bastwick, there are 11 planning applications, of which 84% result in a success. Look at this in terms of the population size of 20019 to work out if you think you’d have good planning success if you were to renovate.
What is the monthly count of property transactions in Bastwick?
18 property transactions are reported in Bastwick each month, alongside a broader picture of approximately 1.1 million property sales across the UK.
What is the population change each year in a city like Bastwick?
For a comprehensive analysis of Bastwick’s population trends, observe the population fluctuation over a decade, indicated by 3%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.
prices for houses on sale in the broader vicinity of Bastwick?
In Bastwick, the mean asking price per square foot for a house is currently £0, based on the average value per square foot
Would acquiring a house for sale in Bastwick be regarded as a high-priced option?
Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Bastwick, this value is £246,816, compared to the UK’s average of £286,500.