As a landlord, whenever you are looking at houses for sale in Suffolk, you could find varying prices throughout an area like Bedingfield. 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 Bedingfield 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 Bedingfield will be revealed. Keep reading.
What are the asking prices for the houses for sale in the city of Bedingfield?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Bedingfield determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £405,765.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Bedingfield.
Table showing the asking prices for houses for sale in Bedingfield
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£261,818|
|Average asking price (3 bed)||£347,031|
|Average asking price (4 bed)||£574,688|
|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 Bedingfield is the right area to buy a house in for you.
In general, what do houses for sale sell for in Bedingfield?
In Bedingfield, the average sale price of a house for sale is in fact £334,775. This is dependent on the 10 year population growth of Bedingfield being 9%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bedingfield.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£400,905|
|Aerage sold price (semi-detached)||£251,179|
|Aerage sold price (terraced)||£194,852|
|Aerage sold price (flat)||no relevant data for this city|
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 Bedingfield.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,680|
|Aerage sold price/sqft (new build)||£2,880|
|Aerage sold price/sqft (old stock)||£2,600|
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 £2,680. This means if you are just looking out the houses sold in Bedingfield in general and didn’t take into consideration the type of build. For example, a new build.
What are the demographics like in the city of Bedingfield?
Are the people of Bedingfield deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bedingfield, currently, 19% 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.
What is a social grade score and how does this relate to Bedingfield?
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 Bedingfield in grades A or B which are the highest skilled roles in the country is 27%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £45,200 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 27%.
Do the people of Bedingfield get to enjoy green space?
Providing the right amount of green space for people in the UK is a difficult subject because there are clear benefits for human health but at the same time, it is hard to make sure all areas of the UK can get enough greenery. This is a result of land being already in use in cities where most people live.
In Bedingfield, 11.3 is the amount of acres of outdoor space there is for every 1000 people. Charities such as ‘Fields in Trust’ recommend there to be at least 6 acres. This should allow you to conclude whether this green space is sufficient for you if you are interested in buying in Bedingfield.
In Bedingfield, how has the population changed?
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 Bedingfield is 7,224.
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 Bedingfield.
In Bedingfield, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 5%. 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 Bedingfield 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 (5%) 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.
Bedingfield population difference over 10 years?
The population has adjusted in the area of Bedingfield by 9% 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 Bedingfield.
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.
How much do people in Bedingfield earn?
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 £45,200.
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 Bedingfield this figure is 27%.
What’s the crime rate in Bedingfield?
For every one thousand people living in Bedingfield, 46 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 46 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.
For the city of Bedingfield, what is the education level?
In the city of Bedingfield, 28% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bedingfield is £45,200.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Bedingfield 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, Bedingfield 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 Bedingfield.
In Bedingfield, what are the rental yields?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Bedingfield, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; East of England. As well as Suffolk, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bedingfield||no relevant data for this city||no relevant data for this city||no relevant data for this city||7.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Bedingfield you might be interested in the number of sales per month (3) that happen in the local housing market. Comparing this figure for Bedingfield with the above table gives you a good understanding of the profitability of the area.
What is the growth in the housing market of Bedingfield?
Whenever you are thinking about looking for houses for sale in Bedingfield, 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|
|Bedingfield growth rate||7%||16%||27%|
As the population of Bedingfield 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.
Invest in houses for sale in Bedingfield with the right professional advice
houses for sale in other cities in the UK
Examine this short list of cities belonging to East of England, the same region where Bedingfield is located.
- Bourne-End in East of England
- Aylesbury in East of England
- Ballinger-Common in East of England
- Cromer in East of England
- Ayot-St-Lawrence in East of England
If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
Finding the ideal house for sale for you
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bedingfield.
Affordability – check this article from the UK government to find out (see what house for sale you can afford)
Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.