How much will you pay for a house for sale in Bendish?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ How much will you pay for a house for sale in Bendish?

Bendish might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Hertfordshire.
Before looking for a house for sale in the city of Bendish we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bendish.

In general, what do houses for sale sell for in Bendish?

In Bendish, the average sale price of a house for sale is in fact £424,783. This is dependent on the 10 year population growth of Bendish being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bendish.

Housing category Total final sale price
Aerage sold price (detached) £695,804
Aerage sold price (semi-detached) £448,655
Aerage sold price (terraced) £350,628
Aerage sold price (flat) £223,308

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 Bendish.

Housing category Sale price per square foot
Aerage sold price/sqft £4,500
Aerage sold price/sqft (new build) £4,710
Aerage sold price/sqft (old stock) £4,410

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 £4,500. This means if you are just looking out the houses sold in Bendish in general and didn’t take into consideration the type of build. For example, a new build.

What kind of demographics does the city of Bendish have?

Are the people in Bendish earning a lot?

Typically, as people earn more money, the more they are able to afford and the better house prices in the area because demand goes up. You could also infer that the amenities such as schools, parks and public areas are generally of high quality as a result.

For these reasons, it could be argued that areas where people earn more money are generally nicer arrears to live in which also attracts more people as a result and further drives up house prices in the area.

To see if this phenomenon occurs in Bendish. Compare the area’s average household income of £53,200 to the average household income in the UK at price34,000. Adding to this, compare it with the figure for the highest social grade score too at 38% for more conclusive data on the affluence of the area.

For the city of Bendish, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 31%. The ability to buy a home is greatly influenced by the number of people who have degrees. £53,200 is the amount people in Bendish 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 Bendish, 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.

Do the people of Bendish get to enjoy green space?

There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Bendish currently has 31.0 for every 1000 residents.

Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Bendish in this case.

What does the population of Bendish 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 Bendish is 28,910.

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 Bendish.

In Bendish, 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 Bendish 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.

Bendish population difference over 10 years?

The population has adjusted in the area of Bendish by 6% 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 Bendish.

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 Bendish?

The crime rate of Bendish 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 53, 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 (53) is both useful and is recommended to be compared to the average.

The city of Bendish, situated in Hertfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Bendish and its demographics will be compared to its wider location (East of England). This includes population size, growth and population education now and into the future.

These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Bendish. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In Bendish, 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 Bendish in grades A or B which are the highest skilled roles in the country is 38%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £53,200 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 38%.

In Bendish, what are the deprivation levels like?

The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bendish, in particular, the deprivation levels are 19%.

This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.

Why you should consider the average rental yield when searching for houses for sale in Bendish

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 Bendish. 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 Bendish.

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 (Hertfordshire), a regional level (East of England) and finally on the level of the city talked about in this article, Bendish.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bendish 3.1% £1,279 140% 22.0%
Hertfordshire 3.33% £1,382 133.74% 16.45%
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 Bendish experiences. This figure for house sales per month is 28. 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.

What is the growth in the housing market of Bendish?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Bendish at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Bendish growth rate 3% 21% 20%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bendish gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bendish.

Asking price in Bendish for a house for sale

The average asking price for the houses for sale in the city of Bendish

Average asking price (1 bed) £202,346
Average asking price (2 bed) £323,122
Average asking price (3 bed) £508,125
Average asking price (4 bed) £773,125
Average asking price (5 bed) £1,158,846

After looking at this table about prices of houses for sale in Bendish, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 wholistic understanding.

When speaking about the city of Bendish, £502,602 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 Bendish.

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.