Whenever looking for a house for sale in the UK or in Biggleswade, it is vital you look at the market trends and house price fluctuations in the wider area of Bedfordshire too. House prices of houses for sale can change even among different streets very close to each other so, as a landlord, it would be a good idea to be familiar with the area of Biggleswade.
In this article, we will be looking at the city of Biggleswade in detail so you know how to navigate the area and have a better understanding on where to invest.
In Biggleswade, what are the demographics like?
What is a social grade score and how does this relate to Biggleswade?
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 Biggleswade, the percentage of people in the two highest categories, A and B is 25%. 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 £47,300. This income will generally get bigger as the percentage of people in the A and B categories go up too (25%).
Are the people in Biggleswade earning a lot?
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.
£47,300 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 25% for Biggleswade.
In Biggleswade, what is the crime rate?
Within Biggleswade, the number of people committing crimes is 78 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 78 figure carefully.
Is the education level of Biggleswade important when buying a house?
In the city of Biggleswade, 25% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.
So you can see for yourself, the average income for the people of Biggleswade is £47,300. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.
A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.
Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.
Biggleswade within Bedfordshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Biggleswade 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 Biggleswade.
In Biggleswade, how has the population changed?
In total, the number of people in Biggleswade is 23,934. 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 Biggleswade, depending on where exactly you are.
How has Biggleswade 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 Biggleswade has changed by 8%. 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 8% 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 Biggleswade?
17% 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 Biggleswade 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.
Are the deprivation levels of the UK any different to Biggleswade?
Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Biggleswade is 19%.
Do the people of Biggleswade 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 Biggleswade, 6.5 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 Biggleswade.
Asking price in Biggleswade for a house for sale
When investors make offers for houses for sale in Biggleswade, the average price asked by the homeowners works out to be £390,307.
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 Biggleswade 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.
Table showing the asking prices for houses for sale in Biggleswade
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£279,293|
|Average asking price (3 bed)||£392,586|
|Average asking price (4 bed)||£521,531|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Biggleswade, 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 £3,840 will help them to have a more wholistic understanding.
In Biggleswade, what are the rental yields?
In Biggleswade, how has the number of houses changed?
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 Biggleswade at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Biggleswade growth rate||-2%||1%||11%|
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 Biggleswade 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 Biggleswade.
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 Biggleswade. 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 Biggleswade.
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 (Bedfordshire), a regional level (East of England) and finally on the level of the city talked about in this article, Biggleswade.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Biggleswade||3.2%||£1,031||no relevant data for this city||16.0%|
|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 Biggleswade 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.
In general, what do houses for sale sell for in Biggleswade?
For the city of Biggleswade, the average price a house sells for is £329,336. This value usually depends on the exact location of the house within Biggleswade as well as other factors like the population growth in Biggleswade which is 17% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£447,832|
|Aerage sold price (semi-detached)||£320,586|
|Aerage sold price (terraced)||£274,844|
|Aerage sold price (flat)||£194,595|
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Biggleswade.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,370|
|Aerage sold price/sqft (new build)||£3,240|
|Aerage sold price/sqft (old stock)||£3,340|
Generalising the bottom table, the average value per square foot of a house for sale is £3,610. This value averages all of the types of houses for sale in Biggleswade. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Biggleswade.
Invest in houses for sale in Biggleswade with the right professional advice
Thinking about other cities with houses for sale?
Examine this short list of cities belonging to East of England, the same region where Biggleswade is located.
- Dovercourt in East of England
- Peterborough in East of England
- Gunthorpe in East of England
- Antingham in East of England
- Arlesey 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
Choose the right house for sale that suits your needs
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 Biggleswade.
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.