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Bexleyheath – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ Bexleyheath – What to look for in houses for sale?

As a landlord, whenever you are looking at houses for sale in London, you could find varying prices throughout an area like Bexleyheath. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Bexleyheath to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Bexleyheath will be revealed. Keep reading.

What’s the rental yield in general for the city of Bexleyheath?

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 Bexleyheath, 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)
Bexleyheath no relevant data for this city no relevant data for this city no relevant data for this city 12.0%
London 3.96% £2,001 129.93% 12.05%
Greater London 3.88% £1,899 129.14% 13.30%

Assuming that in the future you want to re-sell the house you will eventually purchased in Bexleyheath you might be interested in the number of sales per month (5) that happen in the local housing market. Comparing this figure for Bexleyheath with the above table gives you a good understanding of the profitability of the area.

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

Whenever you are thinking about looking for houses for sale in Bexleyheath, 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
Bexleyheath growth rate 18% 25% 16%

As the population of Bexleyheath 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.

In Bexleyheath, what is the asking price in general for a house for sale?

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

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £365,294
Average asking price (3 bed) £509,118
Average asking price (4 bed) £708,846
Average asking price (5 bed) no relevant data for this city

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 £0. 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 Bexleyheath has a lack of supply of housing in certain categories.

When investors make offers for houses for sale in Bexleyheath, the average price asked by the homeowners works out to be £486,177.

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 Bexleyheath 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.

In general, for the city of Bexleyheath, what are the final purchase prices for the houses for sale?

In Bexleyheath, the average sale price of a house for sale is in fact £376,526. This is dependent on the 10 year population growth of Bexleyheath being 8%. Growing populations are more likely to inflate the prices of houses for sale in the city of Bexleyheath.

Housing category Total final sale price
Aerage sold price (detached) £598,663
Aerage sold price (semi-detached) £448,779
Aerage sold price (terraced) £390,645
Aerage sold price (flat) £273,970

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 Bexleyheath.

Housing category Sale price per square foot
Aerage sold price/sqft £4,330
Aerage sold price/sqft (new build) £6,040
Aerage sold price/sqft (old stock) £4,240

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 £4,330. This means if you are just looking out the houses sold in Bexleyheath in general and didn’t take into consideration the type of build. For example, a new build.

In Bexleyheath, what are the demographics like?

In the city of Bexleyheath, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of London for example.

These demographics for Bexleyheath may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bexleyheath in Greater London.

Are the people of Bexleyheath deprived?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Bexleyheath is 22%.

Have the people of Bexleyheath grown in numbers?

In total, the number of people in Bexleyheath is 10,053. 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 Bexleyheath, depending on where exactly you are.

How has Bexleyheath 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 Bexleyheath has changed by 3%. 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 3% 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 Bexleyheath?

8% 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 Bexleyheath 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.

What’s crime like in Bexleyheath?

The crime rate of Bexleyheath 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 167, 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 (167) is both useful and is recommended to be compared to the average.

For the city of Bexleyheath, what is the education level?

In the city of Bexleyheath, 24% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Bexleyheath is £53,400. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

How much green space is available to residents of Bexleyheath?

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 Bexleyheath, 23.5 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 Bexleyheath.

How much are those living in Bexleyheath earning?

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.

£53,400 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 24% for Bexleyheath.

What is the city of Bexleyheath’s 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 Bexleyheath in grades A or B which are the highest skilled roles in the country is 24%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £53,400 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 24%.

Get professional help on the houses for sale in Bexleyheath

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

houses for sale in other cities in the UK

Examine this short list of cities belonging to Greater London, the same region where Bexleyheath is located.

If none of these is of your interest, we suggest you visit our landing page with all data related to the houses for sale in the UK.

Invest in a house for sale that meets your demands

Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bexleyheath.

  • Affordability – check this article from the UK government to find out (see what house for sale you can afford)

  • Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.

  • Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.

  • Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.

  • EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.

  • Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale

  • Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month

  • Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.

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