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Bourne – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ Bourne – What to look for in houses for sale?

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Bourne can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Bourne.

On top of this, keep reading for detailed information on the demographics of Bourne in Lincolnshire. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.

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 Bourne 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:

Alternatively, you can visit our webpage dedicated to houses for sale in the UK for a broader understanding, houses for sale in the UK.

Choose the right house for sale that suits your needs

Many criteria impact the price of houses for sale in Bourne.
Here below are the most important ones according to Lofti’s expertise:

  • Affordability – (see what house for sale can you afford?)

    A guide from the UK government

  • House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

  • Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

  • Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

  • Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

  • Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

  • Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

  • Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.

In Bourne, what are the demographics like?

How educated are the people in Bourne?

In the city of Bourne, 34% 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 Bourne is £44,500.00.

This should correspond with the average percentage of people in the UK who have degrees at 22.6%.

How much green space is available to residents of Bourne?

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 Bourne, 11 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 Bourne.

In general, do people commit a lot of crime in Bourne?

In Bourne, for every 1000 people, there is currently a crime rate of 5900%. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (5900% for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Is the city of Bourne 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 Bourne is £0 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.

How much do people in Bourne earn?

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.

£44,500.00 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 Bourne.

Have the people of Bourne grown in numbers?

Population growth in Bourne is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.

In Bourne, 22032 people live in the city as their main place of residence.

It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.

Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.

In Bourne in the previous five years, have population numbers transformed?

Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Bourne, this change has been 3%. Read more here

Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 3%. Click here to know more on the UK population trends.

Over the last decade, how has the population differed in Bourne?

Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 8% in Bourne.

What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.

In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.

This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.

Bourne within Lincolnshire is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Bourne 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 Bourne.

What is the city of Bourne’s social grade score?

In the city of Bourne and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.

In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.

When trying to determine if the area of Bourne has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 25%.

Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)

Social Score Category The proportion of the UK population (%)
A Professional, managerial or administrative 4
B Intermediate managerial or professional jobs 23
C1 Supervisory, junior managerial or professional jobs 29
C2 Skilled manual workers 21
D Semi and unskilled manual workers 15
E State pensioners, casual & lowest grade workers 8

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

As well as looking at the asking price for house for sale in Bourne, 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 Bourne.

Houses for sale, are sold on average in Bourne, after the influence of these factors, at £231,784 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 8% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) £277,546
Aerage sold price (semi-detached) £186,073
Aerage sold price (terraced) £174,519
Aerage sold price (flat) £122,360

This table above shows the average sale price for each variation of houses for sale in Bourne.

Housing category Sale price per square foot
Aerage sold price/sqft £2,280
Aerage sold price/sqft (new build) £2,140
Aerage sold price/sqft (old stock) £2,190

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 Bourne is £2,280.

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 is the asking price on average of houses for sale in Bourne?

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £190,901
Average asking price (3 bed) £268,035
Average asking price (4 bed) £387,967
Average asking price (5 bed) £642,075

Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Bourne and if you may need to look at a different area in order to buy the type of house you can afford.

Also, noting the £0 should also give you an overview of what the asking price for houses for sale are in general.

When investors make offers for houses for sale in Bourne, the average price asked by the homeowners works out to be £294,878.

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 Bourne 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.

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

Are there new houses being built in Bourne to make it grow?

Before committing to Bourne to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Bourne growth rate 1% 15% 23%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Bourne is building housing to find your answer.

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 Bourne, 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 Lincolnshire, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bourne £0 £848 no relevant data for this city £0
Lincolnshire 3.97% £689.25 100.56% 15.86%
East of England 0.03 1,148.32 £1 16.58%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bourne you might be interested in the number of sales per month (20) that happen in the local housing market. Comparing this figure for Bourne with the above table gives you a good understanding of the profitability of the area.

Get professional help on the houses for sale in Bourne

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

FAQ (Frequently Asked Questions)

If you are a landlord, should you renovate a property in the city of Bourne?

Amidst the urban landscape of Bourne, an intriguing figure for determining if a property can be renovated is the success of planning permission. The monthly total of planning applications in the area is 6 and on the other hand, there is a planning success rate of nan. It is also useful to take into consideration the population size of the area (22032).

What’s the number of property sales each month in Bourne?

20 property transactions are reported in Bourne each month, alongside a broader picture of approximately 1.1 million property sales across the UK.

In a city like Bourne, what’s the yearly fluctuation in population?

To assess the shifts in Bourne’s population over time, analyse how the population has altered. Look at the ten year change of population of 8%, alongside the five-year change of 3%.

What are the asking rates for houses for sale in the surrounding area of Bourne?

In Bourne, the mean asking price per square foot for a house is currently £0, based on the average value per square foot

Is investing in a house for sale in Bourne a financially demanding choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Bourne, this value is £231,784, compared to the UK’s average of £286,500.

Who are the best estate agents in the city of Bourne?

Looking to pruchase a home to live in or for an investment? Discover agents in the city of Bourne below who are ready to help you navigate the home buying journey. From viewing listings to making offers, rely on an knowledgeable professional tailored to your neighborhood and preferences to eliminate the headache of searching:

Estate agent name Phone number Address of agent Email Address
Rosedale Property Agents 441778324973 12 North Street, Bourne, PE10 9AB Phone number only
Quentin Marks 441778324939 2 West Street, Bourne, PE10 9NE Phone number only
Eckfords Property Scene 441778428058 29 West Street, Bourne, PE10 9NB nan
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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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