Bengeo 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 Bengeo 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 Bengeo.
In Bengeo, what are the demographics like?
In the city of Bengeo, how much green space remains for residents?
In the city of Bengeo, there are 5.2 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Bengeo is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How educated are the people in Bengeo?
In Bengeo, the proportion of people who have a degree is 37%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bengeo is £53,500.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
How much are those living in Bengeo earning?
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 (35%). 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 Bengeo, this works out to be £53,500. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Is the city of Bengeo deprived?
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 Bengeo is 18% 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.
In Bengeo, 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 Bengeo is 18,769.
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 Bengeo.
In Bengeo, 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 Bengeo 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.
Bengeo population difference over 10 years?
The population has adjusted in the area of Bengeo by 11% 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 Bengeo.
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 is the city of Bengeo’s 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 Bengeo in grades A or B which are the highest skilled roles in the country is 35%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £53,500 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 35%.
What’s crime like in Bengeo?
For the city of Bengeo, crime rate is at 103. So for every 1000 people in the area, 103 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.
Located in Hertfordshire is the city of Bengeo, 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 Bengeo 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 Bengeo 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.
Always consider average rental yield when searching for houses for sale in Bengeo
In Bengeo, how has the number of houses changed?
The growth of an area like Bengeo 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|
|Bengeo growth rate||-5%||-1%||7%|
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 Bengeo if you want to find out the exact reasons for the housing change.
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 Bengeo, 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 Hertfordshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bengeo||3.1%||£1,289||no relevant data for this city||20.0%|
|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 Bengeo you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Bengeo with the above table gives you a good understanding of the profitability of the area.
What is the final sale price of a house in Bengeo?
As well as looking at the asking price for house for sale in Bengeo, a sensible homeowner or investor will also consider the final price a house sells for. This final price may be influenced by elements like the amount people are earning in the area and what opportunities for employment there are in Bengeo.
Houses for sale, are sold on average in Bengeo, after the influence of these factors, at £428,229 as a result. And may be on the rise or decline depending on a combination of variables such as the crime rate, or population growth which was 11% over the last 10 years.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£819,334|
|Aerage sold price (semi-detached)||£514,834|
|Aerage sold price (terraced)||£397,549|
|Aerage sold price (flat)||£265,899|
This table above shows the average sale price for each variation of houses for sale in Bengeo.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,830|
|Aerage sold price/sqft (new build)||£4,410|
|Aerage sold price/sqft (old stock)||£4,810|
This final table looks at the price per square foot of houses for sale. Looking at the final table, you can take a further average and conclude that the average price per square foot of houses in general in Bengeo is £4,850.
This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.
What are the asking prices for the houses for sale in the city of Bengeo?
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 Bengeo 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 £496,904.
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 Bengeo.
Average asking prices for houses for sale in Bengeo
|Average asking price (1 bed)||£251,930|
|Average asking price (2 bed)||£396,666|
|Average asking price (3 bed)||£547,025|
|Average asking price (4 bed)||£835,975|
|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 (£4,870) for houses for sale with this table to get a good idea as to whether Bengeo is the right area to buy a house in for you.