Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Bucks Hill, Hertfordshire.
From the average asking price of houses for sale in Bucks Hill to the growth of the population in the area, all will be talked about regarding the city of Bucks Hill. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What kind of demographics does the city of Bucks Hill have?
In general, do people commit a lot of crime in Bucks Hill?
For the city of Bucks Hill, crime rate is at 50. So for every 1000 people in the area, 50 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 Bucks Hill?
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 15% for Bucks Hill should give you a nice idea of the deprivation in the area.
What’s a social grade score and how does it relate to Bucks Hill?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Bucks Hill compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Bucks Hill, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 36%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
Are the people in Bucks Hill earning a lot?
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 Bucks Hill, the average income is £51,000. 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 36% to decide on what the demographics are like in the area.
What does the population of Bucks Hill look like?
The city of Bucks Hill has a total population of 11,247. 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 Bucks Hill 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 Bucks Hill
Over time, in the last five years, the population of the city of Bucks Hill 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 Bucks Hill?
In the last 10 years, there has been a shift in the population of 8%.
Comparing this to the 5 year figure of Bucks Hill 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 is the education level like in Bucks Hill?
The number of people as a percentage who have been through university and gained a degree is 34%. The ability to buy a home is greatly influenced by the number of people who have degrees. £51,000 is the amount people in Bucks Hill are earning.
As you can tell, this figure along with the number of people who have degrees roughly correlate. For reference, the percentage of people who have degrees in the UK is 22.6% and the average household income is.
As a general rule, the bigger the difference between this 22.6% figure and the percentage of people with a degree in Bucks Hill, the bigger the difference in the ability to earn and hence buy a house. A higher number of degrees will increase the potential for people to earn and hence the buying power of the population. This will also push up the price of houses in the area.
Nonetheless, making accurate estimates for the appreciation of homes must be done with other pieces of data in mind such as the rental yields or perhaps the crime rate of the area to name some examples.
In the city of Bucks Hill, how much green space remains for residents?
Whether you view green space in Bucks Hill 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 Bucks Hill, the number of acres of green space for every 1000 people currently is 9.3 which can be measured against the UK average of 1.7.
The city of Bucks Hill, situated in Hertfordshire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bucks Hill 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 Bucks Hill. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In general, what do houses for sale sell for in Bucks Hill?
For the city of Bucks Hill, the average price a house sells for is £513,618. This value usually depends on the exact location of the house within Bucks Hill as well as other factors like the population growth in Bucks Hill which is 8% over a ten-year period.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £814,191 |
| Aerage sold price (semi-detached) | £539,691 |
| Aerage sold price (terraced) | £455,981 |
| Aerage sold price (flat) | £260,311 |
The above table puts this figure into perspective as you can see the various average sale prices of a house for the specific type of house you’re most interested in. This comparison is important because the type of house you’re considering to buy may be more or less in demand based on variations in supply and demand in the city of Bucks Hill.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,940 |
| Aerage sold price/sqft (new build) | £5,840 |
| Aerage sold price/sqft (old stock) | £4,840 |
Generalising the bottom table, the average value per square foot of a house for sale is £4,940. This value averages all of the types of houses for sale in Bucks Hill. So, if you’re not sure what type of house you want specifically, you can still get an idea of the real estate market of Bucks Hill.
Asking price in Bucks Hill for a house for sale
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 Bucks Hill is £639,999.
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 Bucks Hill is useful when negotiating and knowing what to expect for every type of house for sale.
The average asking price for the houses for sale in the city of Bucks Hill
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £310,241 |
| Average asking price (3 bed) | £608,123 |
| Average asking price (4 bed) | £888,250 |
| Average asking price (5 bed) | £1,208,333 |
Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Bucks Hill is the right area to buy a house in for you.
In Bucks Hill, what are the rental yields?
The figure of rental yield is commonly looked at by investors who wish to increase their income by investing in areas where rental yields of the houses for sale are higher. Usually, the higher the rental yield, the more attractive a house for sale is for an investor.
Nonetheless, there are also instances where an investor will go with a house with lower yields in order to benefit from the appreciation of a house too which is why it’s vital to look in to all the details of Bucks Hill.
The data below shows the rental yield, rent turnover and the percentage of the money made on the sale of a house. The data is broken down into the county city is in (Hertfordshire) as well as the broader region; Greater London.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bucks Hill | 2.9% | £1,537 | no relevant data for this city | 13.0% |
| Hertfordshire | 3.33% | £1,382 | 133.74% | 16.45% |
| Greater London | 3.88% | £1,899 | 129.14% | 13.30% |
Also, you can compare other data to the table above such as the number of houses sold per month in Bucks Hill which is 12 and get a better understanding of the housing market.
This is great if you want to gauge if investors are actively looking for houses for sale in the area over other areas in the UK which may be an induction of how profitable Bucks Hill is to invest in. Both in terms of rental yield and capital appreciation.
In Bucks Hill, how has the number of houses changed?
The growth of an area like Bucks Hill 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 | |
|---|---|---|---|
| Bucks Hill growth rate | -7% | 16% | 1% |
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 Bucks Hill if you want to find out the exact reasons for the housing change.
Get professional help on the houses for sale in Bucks Hill
Choose the right house for sale that suits your needs
When browsing houses for sale in Bucks Hill you should think about lots of different criteria:
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House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
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Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
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House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
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Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
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energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
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Internet speed in the area of the house for sale – is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale
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Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
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Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
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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.
Choosing the perfect house for sale for you might be challenging in today’s market due to the abundance of available houses.
You may wonder who can guide you through the process of selecting a house that is for sale.
There are several experts that provide guidance and support to potential buyers and the procedure can be drawn out, particularly when dealing with houses for sale.
Here is a list of who to contact to get assistance when purchasing a house for sale:
- Banks – The ones that can lend you the money you need for the house for sale
- Insurance companies – Companies that give you access to various insurances specific to the house for sale you are considering to buy
- Solicitor – The individual or business responsible for handling the legal tasks required to purchase a home that is for sale.
- Civil engineer – Provides you with an appraisal of the house up for sale that you want to purchase.
- Mortgage advisor – Professional advisors that will guide you and propose the best mortgage deals according to your finances
- EPC specialist – Getting professional advice on the energy performance of the house for sale is crucial, especially nowadays.
houses for sale in other cities in the UK
We have prepared a list of cities in Greater London, the same UK region of Bucks Hill that can help you evaluate the different houses for sale listed in the region:
- Croydon in Greater London
- Collier-Row in Greater London
- West-Brompton in Greater London
- Romford in Greater London
- Fetcham in Greater London
Alternatively, you can visit our webpage dedicated to houses for sale in the UK, houses for sale in the UK.
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