Bayford 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 Bayford.
On top of this, keep reading for detailed information on the demographics of Bayford in Hertfordshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
In general, for the city of Bayford, what are the final purchase prices for the houses for sale?
In Bayford, the average sale price of a house for sale is in fact £420,768. This is dependent on the 10 year population growth of Bayford being 11%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bayford.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£753,717|
|Aerage sold price (semi-detached)||£498,527|
|Aerage sold price (terraced)||£403,269|
|Aerage sold price (flat)||£296,080|
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 Bayford.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,800|
|Aerage sold price/sqft (new build)||£5,160|
|Aerage sold price/sqft (old stock)||£4,740|
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 £5,030. This means if you are just looking out the houses sold in Bayford in general and didn’t take into consideration the type of build. For example, a new build.
House for sale in a different UK region
If you are looking for similar places to buy a house that are just like Bayford, examine this short list of cities below from outside of the region of East of England for some inspiration.
- harrow in East of England
- beddington-corner in East of England
- eastwick in East of England
- dukinfield in East of England
- ash in East of England
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Bayford?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
How are rental yields of the houses for sale different to the rest of the UK in Bayford?
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 Bayford this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Hertfordshire 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 Bayford.
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)|
|Bayford||£0||£1,419||no relevant data for this city||£0|
|East of England||0.03||1,148.32||£1||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 Bayford.
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 (14) will be useful.
What is the growth in the housing market of Bayford?
Whenever you are thinking about looking for houses for sale in Bayford, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Bayford growth rate||-1%||11%||7%|
As the population of Bayford grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
Are there any important statistics about the population of Bayford?
Are the deprivation levels of the UK any different to Bayford?
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 Bayford is £0.
What’s a social grade score and how does it relate to Bayford?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Bayford, the percentage of people in the two highest categories, A and B is 37%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £54,200.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (37%).
Bayford in the county of Hertfordshire 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 Bayford 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 Bayford, 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.
For the city of Bayford, what is the education level?
In the city of Bayford, 38% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Bayford is £54,200.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
In the city of Bayford, is there a lot of green space?
Whether you view green space in Bayford 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 Bayford, the number of acres of green space for every 1000 people currently is 56 which can be measured against the UK average of 1.7.
Are the people in Bayford earning a lot?
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 (37%). 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 Bayford, this works out to be £54,200.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Have the people of Bayford grown in numbers?
Population growth in Bayford 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 Bayford, 16263 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 Bayford 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 Bayford, this change has been 5%. 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 5%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Bayford?
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 11% in Bayford.
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.
In Bayford, what is the crime rate?
The crime rate of Bayford 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 6800%, 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 (6800%) is both useful and is recommended to be compared to the average.
Invest in houses for sale in Bayford with the right professional advice
Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.
Find here a list of those that can help when buying a house for sale:
- Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
- Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
- Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
- Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
- Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
- EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial
Asking price in Bayford for a house for sale
Average prices for the houses for sale in Bayford
|Average asking price (1 bed)||£266,129|
|Average asking price (2 bed)||£364,439|
|Average asking price (3 bed)||£547,500|
|Average asking price (4 bed)||£944,993|
|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, the average asking price for the house for sale in the whole of Bayford is £5,270. This should show you the general prices overall and for individual types of houses too.
On average, in Bayford, the asking price for a house for sale in the area is £519,436.
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 Bayford. 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.