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 Burgh Heath, Surrey.
From the average asking price of houses for sale in Burgh Heath to the growth of the population in the area, all will be talked about regarding the city of Burgh Heath. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
In Burgh Heath, what is the asking price in general for a house for sale?
When speaking about the city of Burgh Heath, £706,340 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 Burgh Heath.
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.
The average asking price for the houses for sale in the city of Burgh Heath
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||£431,507|
|Average asking price (3 bed)||£626,127|
|Average asking price (4 bed)||£909,832|
|Average asking price (5 bed)||£1,642,813|
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 (£5,260) for houses for sale with this table to get a good idea as to whether Burgh Heath is the right area to buy a house in for you.
In Burgh Heath, what are the rental yields?
You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Burgh Heath this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside Surrey then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Burgh Heath.
This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Burgh Heath||2.8%||£1,641||no relevant data for this city||12.0%|
As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Burgh Heath.
As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (18) will be useful.
What is the growth in the housing market of Burgh Heath?
Before making an investment and move forward with buying a house for sale, another important set of data an investor should analyse is the growth trends of the area in question.
Below are the forecasted growth rates for the city of Burgh Heath at 1 year, 3 year and 5 year intervals:
|1 year||3 years||5 years|
|Burgh Heath growth rate||11%||21%||38%|
Examine this figure carefully as the addition of a lot of new houses to meet demand could mean that house price of the houses for sale in Burgh Heath gradually reduces with an increase in the housing supply. This could be a good indicator to understand if your house will appreciate or not. Too many houses and too much supply could drive down the prices of homes or stagnate them. So be sure to check out what is exactly happening in Burgh Heath.
What kind of demographics does the city of Burgh Heath have?
In the city of Burgh Heath, how much green space remains for residents?
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 Burgh Heath, 71.4 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 Burgh Heath.
How much do people in Burgh Heath earn?
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 £55,400.
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 Burgh Heath this figure is 31%.
Are the people of Burgh Heath deprived?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Burgh Heath, currently, 17% people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.
Have the people of Burgh Heath grown in numbers?
In the UK in general and specifically in the region in question, large population sizes can be good indications that there are a lot of people in the area looking for houses for sale which can drive up demand and therefore impact the cost. You should also check to see if the population is growing in the area too to show an increasing demand, this is even better. Currently, the total population of Burgh Heath is 20,281.
Sometimes, smaller populations can have higher buyer demand than large populations on the other hand. This is because the price of houses and hence the demand for houses is based on a variety of variables.
The most important variable is the location of the houses for sale in the city of Burgh Heath.
In Burgh Heath, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 4%. Looking at this figure can inform you of the buyer demand for the houses for sale in the area. Read more here
This may mean that the city has now started to slow down in terms of population growth or it may mean the city is also building a lot of houses which would indicate the supply of houses for sale will be matching the demand.
Making predictions about the future growth of Burgh Heath is hence important in making a decision if capital appreciation of your real estate investment is something you’re after as a landlord.
Comparing this figure for the 5 year growth (4%) as well as the ten year growth in the subheading below should allow you to make some accurate forecasts on the growth rate. Click here to know more on the UK population trends.
Burgh Heath population difference over 10 years?
The population has adjusted in the area of Burgh Heath by 9% in the most recent decade. This change is even more useful when compared alongside the figure for the five year growth of the area too.
This will tell you if the population is changing at the moment or if change is more recent. Through this a landlord can accurately look at the fluctuations in population size of the area over time and therefore better understand the trend of the houses for sale in Burgh Heath.
To make an example, the town of Salford which is a part of Manchester has seen a 10% increase in population. house price has therefore followed.
Burgh Heath in the county of Surrey 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 Burgh Heath 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 Burgh Heath, 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 is the city of Burgh Heath’s social grade score?
The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.
The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.
In Burgh Heath, the percentage of people in the two highest categories, A and B is 31%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.
When contrasting these figures, the average household income for the area is £55,400. This income will generally get bigger as the percentage of people in the A and B categories go up too (31%).
In general, do people commit a lot of crime in Burgh Heath?
For the city of Burgh Heath, crime rate is at 68. So for every 1000 people in the area, 68 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 educated are the people in Burgh Heath?
Interestingly, the percentage of people who have a degree in the city of Burgh Heath is 31%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Burgh Heath is £55,400.
Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.
Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.
However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.
In Burgh Heath, what do houses for sale tend to sell for?
For the city of Burgh Heath, the average price a house sells for is £578,098. This value usually depends on the exact location of the house within Burgh Heath as well as other factors like the population growth in Burgh Heath which is 9% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£915,428|
|Aerage sold price (semi-detached)||£514,583|
|Aerage sold price (terraced)||£395,517|
|Aerage sold price (flat)||£302,130|
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 Burgh Heath.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£4,610|
|Aerage sold price/sqft (new build)||£4,650|
|Aerage sold price/sqft (old stock)||£4,510|
Generalising the bottom table, the average value per square foot of a house for sale is £4,930. This value averages all of the types of houses for sale in Burgh Heath. 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 Burgh Heath.
Invest in houses for sale in Burgh Heath with the right professional advice
A house for sale that is right for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Burgh Heath
affordability – the UK gov website comes in helpful when you want to understand (see what house for sale you can afford)
Geographic Location – the county and region across the UK you are considering to invest in are crucial factors to consider when browsing houses for sale.
Transport network of the house for sale – Hopefully, the pandemic stays in the past. Therefore, working from home may become less predominant than a couple of years ago. Check the commuting time of the house for sale you are considering buying.
Bedrooms in the house for sale – are you looking for houses for sale for yourself, for a couple or for the whole family? This condition will narrow down the number of houses for sale relevant to buy.
EPC of the house for sale – today more than ever, the energy performance of the properties for sale on the market should be one of the first things you check.
Broadband speed – having a good internet connection is crucial nowadays. Always check the available subscriptions available for the areas of the house for sale you want to purchase
Are you a car owner? – if yes, you will have to check for parking availability of the house for sale. Does it come with a garage included in the price?
Conservation areas – when browsing for houses for sale, we suggest you take a look at the National Heritage list. When a house for sale is included it means that it is not possible for the future homeowner to make changes to the property, both inside and outside.
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.
Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.
Below, you can find a list of professionals that come in handy when looking for houses for sale:
- Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
- Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
- Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
- Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
- Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
- Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment
houses for sale in other cities in the UK
See here below a list of cities in the same UK region of Burgh Heath which is Greater London. You might want to consider these as alternatives for your next real estate investment:
- Twickenham in Greater London
- Watford in Greater London
- Enfield-Highway in Greater London
- Ilford in Greater London
- Bushey-Mead in Greater London
Or, visit our dedicated page on the houses for sale data for the whole of the UK – houses for sale in the UK.