- 1 We help you find the right agent
- 2 Always consider average rental yield when searching for houses for sale in Bickley
- 3 A house for sale that is right for you
- 4 Invest in houses for sale in Bickley with the right professional advice
- 5 What are the asking prices for the houses for sale in the city of Bickley?
- 6 Are there any important statistics about the population of Bickley?
- 7 In general, what do houses for sale sell for in Bickley?
- 8 Are you considering other cities with houses for sale?
- 9 F.A.Q.
Bickley might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of London.
Before looking for a house for sale in the city of Bickley we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bickley.
Always consider average rental yield when searching for houses for sale in Bickley
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 Bickley. 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 Bickley.
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, Bickley.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
You may also find it useful to compare the data above to the number of properties sold per month Bickley experiences. This figure for house sales per month is 32. 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 Bickley to make it grow?
Before committing to Bickley 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|
|Bickley growth rate||-2%||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 Bickley is building housing to find your answer.
A house for sale that is right for you
Many criteria impact the price of houses for sale in Bickley.
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.
Invest in houses for sale in Bickley with the right professional advice
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
What are the asking prices for the houses for sale in the city of Bickley?
When investors make offers for houses for sale in Bickley, the average price asked by the homeowners works out to be £528,625.
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 Bickley 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 the city of Bickley, what is the average asking price for the houses for sale?
|Average asking price (1 bed)||£276,578|
|Average asking price (2 bed)||£410,687|
|Average asking price (3 bed)||£571,819|
|Average asking price (4 bed)||£850,619|
|Average asking price (5 bed)||£1,384,571|
After looking at this table about prices of houses for sale in Bickley, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £5,130 will help them to have a more holistic understanding.
Are there any important statistics about the population of Bickley?
In Bickley, what is the social grade score?
In the city of Bickley and throughout the UK, the social grade score is assessed by observing what type of jobs people have and then grouping this into a grading system.
In general, the people at the top of the scale (the A category) have the highest paid, most skilled jobs and this is just 4% of the general UK population. On the lower end of the scale, people who are on benefits, state pensions and also manual workers all are grouped into this category that represents the most unskilled.
When trying to determine if the area of Bickley has an abundance of highly skilled workers, the top two categories are grouped together and given a percentage. This percentage is 31%.
Below, you can see how this compares to the National average as the average for the top two categories nationwide is 27% (Adding together the A and B categories)
|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|
Do the people of Bickley get to enjoy green space?
Whether you view green space in Bickley as important to you as a homeowner is up to your personal preferences. Having said this, there is a clear benefit on the overall health of people who live near green space as the government has stated keeping green space in proximity to people is one of the biggest factors for combating obesity.
In Bickley, the number of acres of green space for every 1000 people currently is 14 which can be measured against the UK average of 1.7.
In Bickley, what is the crime rate?
In Bickley, for every 1000 people, there is currently a crime rate of 10850%. 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 (10850% 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.
Bickley 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 Bickley 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 Bickley, 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.
How educated are the people in Bickley?
In Bickley, the proportion of people who have a degree is 34%. 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 Bickley is £57,450.00.
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.
Are the people in Bickley earning a lot?
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 £57,450.00.
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 Bickley this figure is 31%.
What does the population of Bickley look like?
The city of Bickley has a total population of 100834. Large population sizes can be good to show there is a high demand for people to buy houses in the area but a better indication is if the population of Bickley is growing.
A small population city can also have high prices of houses for sale, because, if there is a growing population, and demand is still high, this could mean the house prices are pushed up.
Either way, a population must also be looked at in terms of the appreciation of the area as well as the rental yields and if the area really meets your needs.
The five year population change of Bickley
Over time, in the last five years, the population of the city of Bickley has changed by 3%. This figure can tell you a lot because a growing population indicates a house is likely to appreciate. Read more here
In addition, looking at the 10 year figure for population growth in the below paragraphs can give you further evidence as to what the change in population has been for a longer period of time. As a result, you’ll know if this 3% population change is something that has been there for a while or if it is a new trend. Click here to know more on the UK population trends.
What is the difference in population over the last 10 years in Bickley?
In the last 10 years, there has been a shift in the population of 9%.
Comparing this to the 5 year figure of Bickley can tell you if there is a long history of population growth or decline, if there are population fluctuations or if the trend is stable.
New industries opening up in the area, the addition of new jobs and also international and national migration might all be reasons for changes in population size. Resulting in people moving in or leaving an area.
A good example of a quick change in population was in Stratford, London in 2012. Here, there was an increase in government spending in the area because of the Olympics which resulted in massive population growth.
How deprived is the population of Bickley?
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 Bickley, in particular, the deprivation levels are £0.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
In general, what do houses for sale sell for in Bickley?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Bickley. In Bickley, this sale price works out to be £463,222. As an example, a factor like population growth over the last 10 years which works out to be 9% in Bickley and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||£882,392|
|Average sold price (semi-detached)||£566,016|
|Average sold price (terraced)||£431,417|
|Average sold price (flat)||£320,537|
Above, the exact type of house is also shown to vary in price in a table in Bickley. 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||£4,870|
|Average sold price/sqft (new build)||£5,680|
|Average sold price/sqft (old stock)||£4,775|
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 Bickley which is £5,000. 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.
Are you considering other cities with houses for sale?
Below is a list of towns that differ from Bickley.
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 Greater London:
- heaton in Greater London
- bray in Greater London
- badgers-mount in Greater London
- annan in Greater London
- westley in Greater London
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.
Do properties in Bickley offer renovation potential?
If planning permissions are abundant in the vicinity of Bickley, it may look promising for landlords looking to renovate. With 40 getting approved on a monthly basis, and a success rate of nan, these prospects flourish against a population of 100834. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
In Bickley, how many property sales per month are there?
The city of Bickley sees around 32 property transactions every month, while the nationwide figure for the whole of the United Kingdom stands at roughly 1.1 million property sales.
What’s the annual population shift in a city such as Bickley?
When evaluating the population trajectory of Bickley, explore the decade-spanning population shift of 9% and the five-year modification of population of 3%. By drawing comparisons, see if demographic changes in your chosen area is
How much are houses for sale priced at in the extended region of Bickley?
The average cost per square foot for a house in Bickley is presently £5,130.
Does opting for a house for sale in Bickley come with a hefty price tag?
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 Bickley this number is £463,222 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