Bexwell 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 Norfolk.
Before looking for a house for sale in the city of Bexwell 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 Bexwell.
What are the demographics like in the city of Bexwell?
For the city of Bexwell, what is the education level?
The number of people as a percentage who have been through university and gained a degree is 19%. The ability to buy a home is greatly influenced by the number of people who have degrees. £39,500.00 is the amount people in Bexwell 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 Bexwell, 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.
The city of Bexwell, situated in Norfolk, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bexwell 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 Bexwell. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Bexwell, 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 Bexwell, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
What’s the crime rate in Bexwell?
For every one thousand people living in Bexwell, 71 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 71 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.
Do the people of Bexwell 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 Bexwell, 15 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 Bexwell.
In Bexwell, how has the population changed?
In total, the number of people in Bexwell is 14855. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.
Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.
You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Bexwell, depending on where exactly you are.
How has Bexwell changed in the past five years?
Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Bexwell has changed by no relevant data for this city. Read more here
It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if no relevant data for this city is a recent change or not.
Click here to know more on the UK population trends.
In the last decade, what is the difference in population in Bexwell?
3% has been the population growth change in the past 10 years.
Usually, this is more of a conservative figure compared to the five year change of a city.
Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.
The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Bexwell have seen a more desirable way of working, moving to make themselves more comfortable in their careers.
For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.
What salary does the community in Bexwell take home?
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 £39,500.00.
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 Bexwell this figure is 0.17.
In Bexwell, what is the social grade score?
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 Bexwell, the percentage of people in the two highest categories, A and B is 0.17. 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 £39,500.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (0.17).
Invest in a house for sale that meets your demands
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 Bexwell.
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.
How are rental yields of the houses for sale different to the rest of the UK in Bexwell?
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 Bexwell. 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 Bexwell.
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 (Norfolk), a regional level (East of England) and finally on the level of the city talked about in this article, Bexwell.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Bexwell||£0||£810||no relevant data for this city||£0|
|East of England||0.03||1,148.32||£1||16.58%|
You may also find it useful to compare the data above to the number of properties sold per month Bexwell 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.
What is the growth in the housing market of Bexwell?
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 Bexwell at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Bexwell growth rate||3%||13%||21%|
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 Bexwell 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 Bexwell.
On average, what is the figure for the asking price of a house for sale in Bexwell?
Average prices for the houses for sale in Bexwell
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£215,000|
|Average asking price (3 bed)||£280,571|
|Average asking price (4 bed)||£396,538|
|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 Bexwell is the right area to buy a house in for you.
When investors make offers for houses for sale in Bexwell, the average price asked by the homeowners works out to be £301,104.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Bexwell is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.
Who can help you buy a house for sale in Bexwell?
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
In general, for the city of Bexwell, what are the final purchase prices for the houses for sale?
In Bexwell, the average sale price of a house for sale is in fact £230,579. This is dependent on the 10 year population growth of Bexwell being 3%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bexwell.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£262,425|
|Aerage sold price (semi-detached)||£198,608|
|Aerage sold price (terraced)||£176,396|
|Aerage sold price (flat)||£123,822|
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 Bexwell.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,380|
|Aerage sold price/sqft (new build)||£2,420|
|Aerage sold price/sqft (old stock)||£2,340|
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 £2,380. This means if you are just looking out the houses sold in Bexwell in general and didn’t take into consideration the type of build. For example, a new build.
Other cities in different locations you can consider to buy property
We have prepared a list of cities that are entirely dissimilar to the region of East of England, perfect if you are looking for somewhere similar to Bexwell but want to relocate to a different region entirely. You should then be able to evaluate the different houses for sale listed in the region:
- westley in East of England
- hemel-hempstead in East of England
- alswear in East of England
- ashley in East of England
- dartford in East of England
Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.
Frequently Asked Questions
Are there opportunities for property renovation in Bexwell?
Bexwell is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 7 each month, attaining a success rate of nan and a total population of 14855. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place
What is the monthly count of property transactions in Bexwell?
The city of Bexwell sees around 16 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
In a city like Bexwell, what’s the yearly fluctuation in population?
To work out how the population of Bexwell has changed over time, you can look at the population change over a decade which is 3% and the change in a five year period two which falls at no relevant data for this city. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What are the asking rates for houses for sale in the surrounding area of Bexwell?
Currently, the mean asking price of a house in Bexwell is £0, calculated using the average value per square foot
Does opting for a house for sale in Bexwell come with a hefty price tag?
To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Bexwell, the value is £230,579, whereas the UK’s mean is £286,500