Brockley – What to look for in houses for sale?

Brockley 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 Brockley.

On top of this, keep reading for detailed information on the demographics of Brockley 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.

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

Table showing the asking prices for houses for sale in Brockley

Average asking price (1 bed)	£340,862
Average asking price (2 bed)	£491,028
Average asking price (3 bed)	£741,800
Average asking price (4 bed)	£968,750
Average asking price (5 bed)	no relevant data for this city

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 Brockley is £0. This should show you the general prices overall and for individual types of houses too.

As you go ahead and make offers on a house for sale, it is sometimes best to know what other people are offering for the same type of house for sale so you know what to offer yourself to get a good deal. So you should know, the average asking price of Brockley is £528,498.

Even though the asking price is not what the eventual price the house is sold at, making a note of the averages for the city of Brockley is useful when negotiating and knowing what to expect for every type of house for sale.

In general, what do houses for sale sell for in Brockley?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Brockley. In Brockley, this sale price works out to be £555,599. As an example, a factor like population growth over the last 10 years which works out to be 12% in Brockley 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)	£694,525
Average sold price (terraced)	£711,287
Average sold price (flat)	£415,869

Above, the exact type of house is also shown to vary in price in a table in Brockley. 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	£6,320
Average sold price/sqft (new build)	£0
Average sold price/sqft (old stock)	£6,240

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 Brockley which is £6,320. 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.

How are rental yields of the houses for sale different to the rest of the UK in Brockley?

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 Brockley. 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 Brockley.

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, Brockley.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Brockley	4.2%	£1,842	140%	15.0%
London	3.96%	£2,001	129.93%	12.05%
Greater London	3.88%	£1,899	129.14%	13.30%

You may also find it useful to compare the data above to the number of properties sold per month Brockley experiences. This figure for house sales per month is 19. 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.

What is the growth in the housing market of Brockley?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Brockley that shows the growth in recent years.

	1 year	3 years	5 years
Brockley growth rate	-4%	7%	16%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Brockley is important.

What are the people like in Brockley?

What is the population of Brockley?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Brockley if 28,595 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 Brockley such as rental yield or house appreciation.

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

In the previous five years there has been a change in the number of people of Brockley by 4%. 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 4% 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 Brockley?

In the last decade, the population of Brockley has been adjusted by 12%. 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.

Brockley 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 Brockley 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 Brockley, 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.

What salary does the community in Brockley take home?

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 £55,900.

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 Brockley this figure is 31%.

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

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 Brockley in grades A or B which are the highest skilled roles in the country is 31%. Realistically, you can expect workers in this category to earn a higher salary too.

For comparison, £55,900 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 31%.

In the city of Brockley, is there a lot of green space?

Whether you view green space in Brockley 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 Brockley, the number of acres of green space for every 1000 people currently is 6.9 which can be measured against the UK average of 1.7.

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

In Brockley, the proportion of people who have a degree is 46%. 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 Brockley is £55,900.

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.

Is the city of Brockley deprived?

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 Brockley, in particular, the deprivation levels are 23%.

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, do people commit a lot of crime in Brockley?

Within Brockley, the number of people committing crimes is 107 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 107 figure carefully.

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

Thinking about other cities with houses for sale?

You can assess the various houses for sale offered in the area by consulting this list of cities in Greater London, the same UK region as Brockley:

• Teddington in Greater London
• Wraysbury in Greater London
• Bayswater in Greater London
• Camden-Town in Greater London
• Higham-Hill in Greater London

You may also refer to our landing page specific to UK houses for sale, houses for sale in the UK

Invest in a house for sale that meets your demands

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

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