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How much will you pay for a house for sale in Bedford Park?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ How much will you pay for a house for sale in Bedford Park?

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Whenever looking for a house for sale in the UK or in Bedford Park, 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 Bedford Park.

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

House for sale in a different UK region

We have prepared a list of cities that are entirely dissimilar to the region of Greater London, perfect if you are looking for somewhere similar to Bedford Park 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.

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

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 Bedford Park, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; Greater London. As well as London, to give a smaller scale area to compare the data to.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Bedford Park £0 £2,202 £1 £0
London 3.96% £2,001.05 129.93% 12.05%
Greater London 0.04 1,898.58 £1 13.30%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bedford Park you might be interested in the number of sales per month (17) that happen in the local housing market. Comparing this figure for Bedford Park with the above table gives you a good understanding of the profitability of the area.

Are there more or fewer houses being built in Bedford Park?

Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.

Below are the forecasted growth rates for the city of Bedford Park at 1 year, 3 year and 5 year intervals:

1 year 3 years 5 years
Bedford Park growth rate -12% 5% 8%

Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Bedford Park gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Bedford Park.

What are the asking prices for the houses for sale in the city of Bedford Park?

Average prices for the houses for sale in Bedford Park

Average asking price (1 bed) £423,801
Average asking price (2 bed) £619,470
Average asking price (3 bed) £757,654
Average asking price (4 bed) £1,201,042
Average asking price (5 bed) £1,705,333

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 £8,330. 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 Bedford Park has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Bedford Park, the average price asked by the homeowners works out to be £665,258.

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 Bedford Park 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.

Invest in houses for sale in Bedford Park with the right professional advice

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

Are there any important statistics about the population of Bedford Park?

What salary does the community in Bedford Park take home?

As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (28%). All in all, the area becomes a more desirable place to live in.

This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bedford Park, this works out to be £49,600.00. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.

Bedford Park within London is notable for the type of people that live there. The statistics below show how this is the case.

As you read on, Bedford Park will be looked at by comparing it to the local region, as well as comparing it to the wider region too (Greater London). 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 Bedford Park.

What is the population of Bedford Park?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bedford Park if 48273 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 Bedford Park such as rental yield or house appreciation.

How has the population size of Bedford Park adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Bedford Park 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 Bedford Park?

In the last decade, the population of Bedford Park has been adjusted by 2%. 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.

What’s crime like in Bedford Park?

For the city of Bedford Park, crime rate is at 18400%. So for every 1000 people in the area, 18400% commit a crime which is prosecuted. Paying close attention to this figure of crime rate is not only important for the value of a house but also to calculate the maintenance cost of owning a house and how attractive an area can be for future buyers.

So, compare it to the nationwide average of 79.52 per 1000 people and consider if you are happy with this figure based on the price you’re paying for a house you’re interested in.

On top of this, houses that are in areas where there is a high crime rate tend to have to pay higher insurance rates, costing a homeowner in the long term.

Additionally, paying for further security on a house such as CCTV or potentially gates and fences that deter thieves may be necessary for an area with a high crime rate.

How deprived is the population of Bedford Park?

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 Bedford Park should give you a nice idea of the deprivation in the area.

In Bedford Park, what is the social grade score?

The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.

The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Bedford Park in grades A or B which are the highest skilled roles in the country is 28%.

Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £49,600.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 28%.

Is there sufficient green space in Bedford Park?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Bedford Park, the city has 5 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Bedford Park.

For the city of Bedford Park, what is the education level?

In the city of Bedford Park, 43% 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 Bedford Park is £49,600.00.

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

In general, what do houses for sale sell for in Bedford Park?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bedford Park. In Bedford Park, this sale price works out to be £731,161. As an example, a factor like population growth over the last 10 years which works out to be 2% in Bedford Park and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) no relevant data for this city
Average sold price (semi-detached) £1,485,385
Average sold price (terraced) £1,023,233
Average sold price (flat) £616,872

Above, the exact type of house is also shown to vary in price in a table in Bedford Park. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £7,870
Average sold price/sqft (new build) £12,110
Average sold price/sqft (old stock) £7,630

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Bedford Park which is £8,100. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Invest in a house for sale that meets your demands

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Bedford Park

  • affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
  • Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
  • Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
  • Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
  • EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
  • Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
  • Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
  • Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
  • 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.

FAQ (Frequently Asked Questions)

Is it possible to renovate a property in Bedford Park?

Bedford Park is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 22 each month, attaining a success rate of 88% and a total population of 48273. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

How many property sales occur per month in Bedford Park?

In the city of Bedford Park, there are 17 and in the total for the UK, there are around 1.1 million property sales.

What’s the annual population shift in a city such as Bedford Park?

To assess the shifts in Bedford Park’s population over time, analyse how the population has altered. Look at the ten year change of population of 2%, alongside the five-year change of 1%.

prices for houses on sale in the broader vicinity of Bedford Park?

Currently, the mean asking price of a house in Bedford Park is £8,330, calculated using the average value per square foot

Is investing in a house for sale in Bedford Park a financially demanding 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 Bedford Park this number is £731,161 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.