Broad Street Green 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 Broad Street Green.
On top of this, keep reading for detailed information on the demographics of Broad Street Green in Essex. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
In Broad Street Green, what are the demographics like?
What is the city of Broad Street Green’s 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 Broad Street Green, the percentage of people in the two highest categories, A and B is 26%. 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 £45,100.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (26%).
For the city of Broad Street Green, what is the education level?
Interestingly, the percentage of people who have a degree in the city of Broad Street Green is 25%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Broad Street Green is £45,100.00.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
The city of Broad Street Green, situated in Essex, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Broad Street Green 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 Broad Street Green. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Is the city of Broad Street Green deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Broad Street Green, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
What’s the crime rate in Broad Street Green?
In Broad Street Green, 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.
What is the population of Broad Street Green?
In total, the number of people in Broad Street Green is 33202. 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 Broad Street Green, depending on where exactly you are.
How has Broad Street Green 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 Broad Street Green has changed by 4%. 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 4% 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 Broad Street Green?
6% 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 Broad Street Green 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 people in Broad Street Green earning a lot?
By and large, a higher household income in a population can have positive effects on the crime rate and the quality of space. This is due to the fact that higher earners tend to buy houses where there are better schools and more desirable amenities that impact the quality of life someone has.
In Broad Street Green, the average income is £45,100.00. Measuring this figure against the average household income for the UK of price34,000 should tell you if the city is higher or lower earning.
When buying a house, use this statistic with other factors when making a decision too like the crime rate or the social grade score of 26% to decide on what the demographics are like in the area.
In the city of Broad Street Green, how much green space remains for residents?
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 Broad Street Green, 28 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 Broad Street Green.
Other cities in different locations you can consider to buy property
Below is a list of towns that differ from Broad Street Green.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to East of England:
- balmore in East of England
- bagillt in East of England
- merriott in East of England
- queenborough in East of England
- costessey in East of England
If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.
Finding the ideal house for sale for you
What parameters impact the final price of a house for sale in Broad Street Green?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.
Invest in houses for sale in Broad Street Green with the right professional advice
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.
Always consider average rental yield when searching for houses for sale in Broad Street Green
What is the growth in the housing market of Broad Street Green?
Before committing to Broad Street Green 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|
|Broad Street Green growth rate||3%||14%||12%|
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 Broad Street Green is building housing to find your answer.
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 Broad Street Green this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (East of England) alongside Essex 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 Broad Street Green.
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)|
|Broad Street Green||£0||£1,065||no relevant data for this city||£0|
|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 Broad Street Green.
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 (23) will be useful.
What is the final sale price of a house in Broad Street Green?
In Broad Street Green, the average sale price of a house for sale is in fact £331,061. This is dependent on the 10 year population growth of Broad Street Green being 6%. Growing populations are more likely to inflate the prices of houses for sale in the city of Broad Street Green.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£444,510|
|Aerage sold price (semi-detached)||£308,869|
|Aerage sold price (terraced)||£262,328|
|Aerage sold price (flat)||£190,183|
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 Broad Street Green.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£3,520|
|Aerage sold price/sqft (new build)||£3,670|
|Aerage sold price/sqft (old stock)||£3,440|
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 £3,520. This means if you are just looking out the houses sold in Broad Street Green in general and didn’t take into consideration the type of build. For example, a new build.
In Broad Street Green, what is the asking price in general for a house for sale?
Average prices for the houses for sale in Broad Street Green
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£297,564|
|Average asking price (3 bed)||£401,538|
|Average asking price (4 bed)||£570,147|
|Average asking price (5 bed)||£739,643|
Reading the table above should therefore give you a good idea of the type of house for sale that is within your budget in Broad Street Green 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.
As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Broad Street Green is £433,197.
Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Broad Street Green is useful when negotiating and knowing what to expect for every type of house for sale.