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All you need to know – houses for sale in Bricket Wood

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in East of England $ All you need to know – houses for sale in Bricket Wood

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Bricket Wood 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 Bricket Wood.

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

In general, what do houses for sale sell for in Bricket Wood?

For the city of Bricket Wood, the average price a house sells for is £495,647. This value usually depends on the exact location of the house within Bricket Wood as well as other factors like the population growth which is 7% over a ten-year period.

Housing category Total final sale price
Aerage sold price (detached) £682,447
Aerage sold price (semi-detached) £522,362
Aerage sold price (terraced) £417,362
Aerage sold price (flat) £262,696

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 Bricket Wood.

Housing category Sale price per square foot
Aerage sold price/sqft £4,790
Aerage sold price/sqft (new build) £5,020
Aerage sold price/sqft (old stock) £4,690

Generalising the bottom table, the average value per square foot of a house for sale is £4,760. This value averages all of the types of houses for sale in Bricket Wood. 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 Bricket Wood.
Bear in mind that if you are a landlord looking to buy a property to rent, you will also run into other expenses like letting agent fees and the cost of listing your property for sale on Rightmove in your city.

Advice from experts on properties for sale in Bricket Wood

Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.

Here is a list of who to contact to get assistance when purchasing a house for sale:

  • Banks – The ones that can lend you the money you need for the house for sale
  • Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
  • Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
  • Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
  • Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
  • EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.

What are the people like in Bricket Wood?

The city of Bricket Wood, 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 Bricket Wood 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 Bricket Wood. So, taking a good look at the data is essential to understand the area you are considering to buy in.

How much do people in Bricket Wood 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.

£51,800.00 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 32% for Bricket Wood.

Have the people of Bricket Wood grown in numbers?

In total, the number of people in Bricket Wood is 23314. 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 Bricket Wood, depending on where exactly you are.

How has Bricket Wood 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 Bricket Wood has changed by 2%. 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 2% 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 Bricket Wood?

7% 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 Bricket Wood 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 Bricket Wood?

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 Bricket Wood 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.

In Bricket Wood, what is the social grade score?

Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Bricket Wood compare?

At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.

In Bricket Wood, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 32%.

So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.

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

What’s the crime rate in Bricket Wood?

In Bricket Wood, for every 1000 people, there is currently a crime rate of 7800%. 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 (7800% 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.

For the city of Bricket Wood, what is the education level?

The number of people as a percentage who have been through university and gained a degree is 36%. The ability to buy a home is greatly influenced by the number of people who have degrees. £51,800.00 is the amount people in Bricket Wood 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 Bricket Wood, 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.

In the city of Bricket Wood, is there a lot of green space?

Whether you view green space in Bricket Wood as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.

In Bricket Wood, the number of acres of green space for every 1000 people currently is 19 which can be measured against the UK average of 1.7.

Asking price in Bricket Wood for a house for sale

Average prices for the houses for sale in Bricket Wood

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £421,499
Average asking price (3 bed) £622,399
Average asking price (4 bed) £784,285
Average asking price (5 bed) £1,141,994

After looking at this table about prices of houses for sale in Bricket Wood, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £4,740 will help them to have a more holistic understanding.

When speaking about the city of Bricket Wood, £610,441 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 in Bricket Wood would be after a larger house than someone living alone.

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.

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

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Bricket Wood this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (East of England) alongside Hertfordshire then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Bricket Wood.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bricket Wood £0 £1,315 £1 £0
Hertfordshire 3.33% £1,381.63 133.74% 16.45%
East of England 0.03 1,148.32 £1 16.58%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Bricket Wood.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (14) will be useful.

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

Before committing to Bricket Wood 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
Bricket Wood growth rate 3% 9% 9%

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 Bricket Wood is building housing to find your answer.

Are you considering other cities with houses for sale?

You can consult our list below that goes over a list of cities not necessarily in East of England, allowing you to find similar places to Bricket Wood:

You may also refer to our webpage specific to UK houses for sale to get an overview of the large number of cities in the area, houses for sale in the UK

Finding the ideal house for sale for you

When browsing houses for sale in Bricket Wood you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)

  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.

  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.

  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future

  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.

  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.

  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?

  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.

  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

Frequently Asked Questions (FAQ)

Are there opportunities for property renovation in Bricket Wood?

Bricket Wood is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 20 each month, attaining a success rate of 80% and a total population of 23314. 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 Bricket Wood?

In the city of Bricket Wood, there are 14 and in the total for the UK, there are around 1.1 million property sales.

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

When evaluating the population trajectory of Bricket Wood, explore the decade-spanning population shift of 7% and the five-year modification of population of 2%. By drawing comparisons, see if demographic changes in your chosen area is

What is the asking price for houses for sale in the wider region of Bricket Wood?

The average cost per square foot for a house in Bricket Wood is presently £4,740.

Is a house for sale in Bricket Wood an expensive choice?

Calculate if a property is on the pricier side by matching a listed house for sale against the mean selling prices. In Bricket Wood, this value is £495,647, compared to the UK’s average of £286,500.

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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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