Whenever looking for a house for sale in the UK or in Helions Bumpstead, it is vital you look at the market trends and house price fluctuations in the wider area of Essex 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 Helions Bumpstead.
In this article, we will be looking at the city of Helions Bumpstead in detail so you know how to navigate the area and have a better understanding on where to invest.
In Helions Bumpstead, what do houses for sale tend to sell for?
For the city of Helions Bumpstead, the average price a house sells for is £256,909. This value usually depends on the exact location of the house within Helions Bumpstead as well as other factors like the population growth in Helions Bumpstead which is 5% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£346,845|
|Aerage sold price (semi-detached)||£256,412|
|Aerage sold price (terraced)||£206,901|
|Aerage sold price (flat)||£160,683|
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 Helions Bumpstead.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,830|
|Aerage sold price/sqft (new build)||£3,150|
|Aerage sold price/sqft (old stock)||£2,730|
Generalising the bottom table, the average value per square foot of a house for sale is £2,830. This value averages all of the types of houses for sale in Helions Bumpstead. 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 Helions Bumpstead.
In Helions Bumpstead, what are the demographics like?
Are the deprivation levels of the UK any different to Helions Bumpstead?
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 Helions Bumpstead, in particular, the deprivation levels are 23%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
Do the people of Helions Bumpstead get to enjoy green space?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Helions Bumpstead currently has 9.5 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Helions Bumpstead in this case.
Is the education level of Helions Bumpstead important when buying a house?
In the city of Helions Bumpstead, 18% 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 Helions Bumpstead is £43,300.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
Are the people in Helions Bumpstead 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 Helions Bumpstead, the average income is £43,300. 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 18% to decide on what the demographics are like in the area.
What is a social grade score and how does this relate to Helions Bumpstead?
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 Helions Bumpstead 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 Helions Bumpstead, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 18%.
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|
In general, do people commit a lot of crime in Helions Bumpstead?
The crime rate of Helions Bumpstead must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 87, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (87) is both useful and is recommended to be compared to the average.
The city of Helions Bumpstead, 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 Helions Bumpstead 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 Helions Bumpstead. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In the city of Helions Bumpstead, has the population grown or shrunk?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Helions Bumpstead if 32,845 and in the below heading how this population has changed will be broken down.
Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Helions Bumpstead such as rental yield or house appreciation.
How has the population size of Helions Bumpstead adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Helions Bumpstead by 1%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here
To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 1% change has historically occurred before. Click here to know more on the UK population trends.
Over the last 10 years, how has the population size adjusted in Helions Bumpstead?
In the last decade, the population of Helions Bumpstead has been adjusted by 5%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.
A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.
In Helions Bumpstead, what are the rental yields?
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 Helions Bumpstead, 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 Essex, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Helions Bumpstead||3.6%||£991||no relevant data for this city||22.0%|
|East of England||3.49%||£1,148||126.76%||16.58%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Helions Bumpstead you might be interested in the number of sales per month (26) that happen in the local housing market. Comparing this figure for Helions Bumpstead with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Helions Bumpstead?
Before committing to Helions Bumpstead 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|
|Helions Bumpstead growth rate||8%||14%||19%|
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 Helions Bumpstead is building housing to find your answer.
What are the asking prices for the houses for sale in the city of Helions Bumpstead?
When speaking about the city of Helions Bumpstead, £327,010 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 would be after a larger house than someone living alone in Helions Bumpstead.
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.
Average asking prices for houses for sale in Helions Bumpstead
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£248,443|
|Average asking price (3 bed)||£307,363|
|Average asking price (4 bed)||£462,257|
|Average asking price (5 bed)||no relevant data for this city|
After looking at this table about prices of houses for sale in Helions Bumpstead, 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 £0 will help them to have a more wholistic understanding.