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How much does a house for sale cost in Bayswater?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much does a house for sale cost in Bayswater?

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Whenever looking for a house for sale in the UK or in Bayswater, it is vital you look at the market trends and house price fluctuations in the wider area of London 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 Bayswater.

In this article, we will be looking at the city of Bayswater in detail so you know how to navigate the area and have a better understanding on where to invest.

Who can help you buy a house for sale in Bayswater?

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

Are there any important statistics about the population of Bayswater?

In Bayswater, what is the crime rate?

In Bayswater, for every 1000 people, there is currently a crime rate of 22000%. 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 (22000% 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 social grade score of Bayswater?

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 Bayswater, the percentage of people in the two highest categories, A and B is 42%. 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 £56,900.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (42%).

Bayswater in the county of London is notable for its specific demographics and has individual characteristics.

For localised cities and the bigger areas of the UK there are wide variations in the demographics that shape an area so the same is also true for the wider region Bayswater is located in; Greater London.

Below, these demographics are talked about in headings that explain how the city has grown, what the education levels are like in Bayswater, what the social grade score of the city is like and if the green space matches the recommended levels people living in the UK should have.

In the city of Bayswater, is there a lot of 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 Bayswater currently has 13 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 Bayswater in this case.

Are the deprivation levels of the UK any different to Bayswater?

Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Bayswater should give you a nice idea of the deprivation in the area.

What is the education level like in Bayswater?

In Bayswater, the proportion of people who have a degree is 51%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Bayswater is £56,900.00.

This figure for average household income usually goes up alongside the percentage of people who have degrees.

However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.

Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.

How much are those living in Bayswater earning?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £56,900.00.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bayswater this figure is 42%.

In Bayswater, how has the population changed?

In total, the number of people in Bayswater is 47574. 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 Bayswater, depending on where exactly you are.

How has Bayswater 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 Bayswater has changed by 12%. 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 12% 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 Bayswater?

22% 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 Bayswater 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.

On average, what is the figure for the asking price of a house for sale in Bayswater?

In the city of Bayswater, what is the average asking price for the houses for sale?

Average asking price (1 bed) £601,490
Average asking price (2 bed) £1,063,114
Average asking price (3 bed) £1,976,186
Average asking price (4 bed) £3,379,900
Average asking price (5 bed) £5,037,963

The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £12,550. Telling you what type of house is most in demand relative to the price of the area.

This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Bayswater has a lack of supply of housing in certain categories.

On average, in Bayswater, the asking price for a house for sale in the area is £1,094,195.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bayswater. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

Finding the ideal house for sale for you

Many criteria impact the price of houses for sale in Bayswater.
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 general, what do houses for sale sell for in Bayswater?

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

Houses for sale, are sold on average in Bayswater, after the influence of these factors, at £987,477 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 22% over the last 10 years.

Housing category Total final sale price
Aerage sold price (detached) no relevant data for this city
Aerage sold price (semi-detached) £4,060,822
Aerage sold price (terraced) £2,698,612
Aerage sold price (flat) £886,653

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

Housing category Sale price per square foot
Aerage sold price/sqft £12,540
Aerage sold price/sqft (new build) £15,020
Aerage sold price/sqft (old stock) £12,120

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 Bayswater is £12,550.

This statistic can be used to compare the price of housing between housing categories again or even compare the price for a different city.

House for sale in a different UK region

If you are looking for similar places to buy a house that are just like Bayswater, examine this short list of cities below from outside of the region of Greater London for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

Always consider average rental yield when searching for houses for sale in Bayswater

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 Bayswater. 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 Bayswater.

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 (London), a regional level (Greater London) and finally on the level of the city talked about in this article, Bayswater.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bayswater £0 £4,045 £1 £0
London 3.96% £2,001.05 129.93% 12.05%
Greater London 0.04 1,898.58 £1 13.30%

You may also find it useful to compare the data above to the number of properties sold per month Bayswater experiences. This figure for house sales per month is 26. 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.

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

Whenever you are thinking about looking for houses for sale in Bayswater, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Bayswater growth rate 22% 12% 1%

As the population of Bayswater grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

FAQ

Do properties in Bayswater have the potential for renovation?

Every single month in Bayswater, there are 15 planning applications, of which nan result in a success. Look at this in terms of the population size of 47574 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Bayswater?

Bayswater boasts a monthly total of 26 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

How does the population in a city like Bayswater change annually?

Calculating the evolution of Bayswater’s population requires an examination of the population transformation over a decade, amounting to 22%, and the five-year adjustment at 12%. By contrasting these values, analyse recent changes in population to attain a thorough understanding of demographic trends and perhaps also look at house for sale data nearby

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

The average asking price of a house in Bayswater is currently £12,550 based on the average price per square foot.

Is a house for sale in Bayswater an expensive choice?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Bayswater this number is £987,477 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

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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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