What is it like buying a house in Bedfield?

by | Nov 15, 2022

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As a landlord, whenever you are looking at houses for sale in Suffolk, you could find varying prices throughout an area like Bedfield. 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 Bedfield 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 Bedfield will be revealed. Keep reading.

What are the people like in Bedfield?

What salary does the community in Bedfield take home?

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.

£46,000 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 32% for Bedfield.

Bedfield within Suffolk is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Bedfield will be looked at by comparing it to the local region, as well as comparing it to the wider region too (East of England). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.

This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Bedfield.

In Bedfield, what are the deprivation levels like?

The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.

If the proportion of deprivation of Bedfield is 17% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.

How educated are the people in Bedfield?

Interestingly, the percentage of people who have a degree in the city of Bedfield is 35%. 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 Bedfield is £46,000.

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.

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

Within Bedfield, the number of people committing crimes is 37 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 37 figure carefully.

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

Whether you view green space in Bedfield 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 Bedfield, the number of acres of green space for every 1000 people currently is 31.9 which can be measured against the UK average of 1.7.

What does the population of Bedfield look like?

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 Bedfield is 18,032.

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 Bedfield.

In Bedfield, how has the population changed over the last five years?

In the last five years, over time, the change in population size was 3%. 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 Bedfield 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 (3%) 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.

Bedfield population difference over 10 years?

The population has adjusted in the area of Bedfield by 5% 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 Bedfield.

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.

In Bedfield, what is the 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 Bedfield in grades A or B which are the highest skilled roles in the country is 32%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £46,000 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 32%.

On average, what is the figure for the asking price of a house for sale in Bedfield?

Table showing the asking prices for houses for sale in Bedfield

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £267,632
Average asking price (3 bed) £402,381
Average asking price (4 bed) £626,250
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 (£3,070) for houses for sale with this table to get a good idea as to whether Bedfield is the right area to buy a house in for you.

When speaking about the city of Bedfield, £481,102 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children would be after a larger house than someone living alone in Bedfield.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

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

In Bedfield, the average sale price of a house for sale is in fact £339,964. This is dependent on the 10 year population growth of Bedfield being 5%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bedfield.

Housing category Total final sale price
Aerage sold price (detached) £433,684
Aerage sold price (semi-detached) £264,578
Aerage sold price (terraced) £234,349
Aerage sold price (flat) £174,353

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 Bedfield.

Housing category Sale price per square foot
Aerage sold price/sqft £3,010
Aerage sold price/sqft (new build) £2,920
Aerage sold price/sqft (old stock) £2,920

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 £3,040. This means if you are just looking out the houses sold in Bedfield in general and didn’t take into consideration the type of build. For example, a new build.

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

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Bedfield. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Bedfield.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Suffolk), a regional level (East of England) and finally on the level of the city talked about in this article, Bedfield.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bedfield no relevant data for this city no relevant data for this city no relevant data for this city 14.0%
Suffolk 3.69% £992 125.38% 14.64%
East of England 3.49% £1,148 126.76% 16.58%

You may also find it useful to compare the data above to the number of properties sold per month Bedfield experiences. This figure for house sales per month is 16. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

In Bedfield, how has the number of houses changed?

Before committing to Bedfield to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Bedfield growth rate 7% 37% 29%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Bedfield is building housing to find your answer.