How much does a house for sale cost in Brent?

Brent can be a tough place to find accurate information like any city in the UK. Read on to learn about which data to stay on top of when looking at house for sale in Brent.

On top of this, keep reading for detailed information on the demographics of Brent in London. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.

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

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

The growth of an area like Brent can be a great indicator of a thriving city and the influx of new people can drive demand for housing and help appreciate the value of your house after you buy it.

Paying attention to the table below tells you how the number of houses has changed over time at one year, three year and five year intervals.

	1 year	3 years	5 years
Brent growth rate	3%	10%	7%

Despite the number of houses being built rising, this may not indicate that the housing price of the houses for sale is going up. It could be the case that there are a lot of new builds in the area which are causing the supply of the houses for sale to match demand and this could cause a decline in house price as time goes on.

Make sure you do your own research specific to the city of Brent if you want to find out the exact reasons for the housing change.

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 Brent, 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)
Brent	3.8%	£2,316	140%	3.0%
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 Brent you might be interested in the number of sales per month (37) that happen in the local housing market. Comparing this figure for Brent with the above table gives you a good understanding of the profitability of the area.

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

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

Average asking price (1 bed)	£459,702
Average asking price (2 bed)	£653,928
Average asking price (3 bed)	£970,830
Average asking price (4 bed)	£1,473,576
Average asking price (5 bed)	£2,106,600

The tables should give you a generic view of what the prices of the houses for sale are like. To close things off in terms of the house asking price, the average asking price for the house for sale in the whole of Brent is £8,700. This should show you the general prices overall and for individual types of houses too.

When speaking about the city of Brent, £734,071 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 Brent.

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.

In Brent, what are the demographics like?

How much do people in Brent earn?

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 Brent, the average income is £55,100. 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 39% to decide on what the demographics are like in the area.

Is the education level of Brent important when buying a house?

In the city of Brent, 50% 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 Brent is £55,100. 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.

In Brent, how has the population changed?

The city of Brent has a total population of 62,634. 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 Brent 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 Brent

Over time, in the last five years, the population of the city of Brent has changed by 9%. 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 9% 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 Brent?

In the last 10 years, there has been a shift in the population of 20%.

Comparing this to the 5 year figure of Brent 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.

What’s a social grade score and how does it relate to Brent?

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 Brent in grades A or B which are the highest skilled roles in the country is 39%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £55,100 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 39%.

How deprived is the population of Brent?

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 Brent is 28%.

The city of Brent, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.

In the below headings, the city of Brent and its demographics will be compared to its wider location (Greater London). 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 Brent. So, taking a good look at the data is essential to understand the area you are considering to buy in.

In general, do people commit a lot of crime in Brent?

Within Brent, the number of people committing crimes is 140 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 140 figure carefully.

How much green space is available to residents of Brent?

Whether you view green space in Brent 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 Brent, the number of acres of green space for every 1000 people currently is 2.8 which can be measured against the UK average of 1.7.

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

In Brent, the average sale price of a house for sale is in fact £707,830. This is dependent on the 10 year population growth of Brent being 20%. Growing populations are more likely to inflate the prices of houses for sale in the city of Brent.

Housing category	Total final sale price
Aerage sold price (detached)	£2,896,063
Aerage sold price (semi-detached)	£2,264,082
Aerage sold price (terraced)	£1,476,033
Aerage sold price (flat)	£612,525

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 Brent.

Housing category	Sale price per square foot
Aerage sold price/sqft	£8,690
Aerage sold price/sqft (new build)	£8,860
Aerage sold price/sqft (old stock)	£8,680

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 £8,690. This means if you are just looking out the houses sold in Brent in general and didn’t take into consideration the type of build. For example, a new build.

Invest in houses for sale in Brent with the right professional advice

Thinking about other cities with houses for sale?

We have prepared a list of cities in Greater London, the same UK region of Brent that can help you evaluate the different houses for sale listed in the region:

• Creekmouth in Greater London
• Betsham in Greater London
• Edmonton in Greater London
• Chelsham in Greater London
• Tottenham in Greater London

Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.

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

Finding the ideal house for sale for you

Many criteria impact the price of houses for sale in Brent.
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.