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 Bushey Mead, London.
From the average asking price of houses for sale in Bushey Mead to the growth of the population in the area, all will be talked about regarding the city of Bushey Mead. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
What are the asking prices for the houses for sale in the city of Bushey Mead?
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 Bushey Mead is £668,010.
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 Bushey Mead 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 Bushey Mead
|Average asking price (1 bed)||£376,754|
|Average asking price (2 bed)||£530,473|
|Average asking price (3 bed)||£784,984|
|Average asking price (4 bed)||£1,087,030|
|Average asking price (5 bed)||£1,473,143|
After looking at this table about prices of houses for sale in Bushey Mead, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market 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 £6,700 will help them to have a more wholistic understanding.
In general, for the city of Bushey Mead, what are the final purchase prices for the houses for sale?
In Bushey Mead, houses for sale are sold at an average of £671,608. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.
In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bushey Mead. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£1,777,969|
|Aerage sold price (semi-detached)||£861,067|
|Aerage sold price (terraced)||£714,295|
|Aerage sold price (flat)||£425,505|
As you can see above, for Bushey Mead, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 4% where lots of movement may inflate or deflate house prices.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£6,620|
|Aerage sold price/sqft (new build)||£9,140|
|Aerage sold price/sqft (old stock)||£6,510|
Looking at the second table about Bushey Mead, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bushey Mead is £6,660.
Are there any important statistics about the population of Bushey Mead?
Is the crime rate bad in the city of Bushey Mead?
Within Bushey Mead, the number of people committing crimes is 65 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 65 figure carefully.
In Bushey Mead, how has the population changed?
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 Bushey Mead is 28,402.
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 Bushey Mead.
In Bushey Mead, how has the population changed over the last five years?
In the last five years, over time, the change in population size was 0%. 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 Bushey Mead 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 (0%) 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.
Bushey Mead population difference over 10 years?
The population has adjusted in the area of Bushey Mead by 4% 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 Bushey Mead.
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.
For the city of Bushey Mead, what is the education level?
In the city of Bushey Mead, 52% people have a degree from a university. The higher this proportion is, in general, the more likely it is that the population is able to buy a house.
Interestingly, as people who have degrees go up, the average income of the area goes up too. You can see if there is a correlation, the average household income in the UK is price34,000 and the average income in Bushey Mead is £68,000.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
How much are those living in Bushey Mead earning?
As earning potential goes up in a city, so does the quality of schools in the area, the general infrastructure and the social grade score (49%). All in all, the area becomes a more desirable place to live in.
This is why it is vital to pay attention to how much people are making annually in any city you plan on making a house purchase in. In Bushey Mead, this works out to be £68,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
In the city of Bushey Mead, how much green space remains for residents?
In the city of Bushey Mead, there are 45.7 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Bushey Mead is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
In Bushey Mead, what is the social grade score?
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 Bushey Mead in grades A or B which are the highest skilled roles in the country is 49%. Realistically, you can expect workers in this category to earn a higher salary too.
For comparison, £68,000 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 49%.
Is the city of Bushey Mead deprived?
The number of people who are deprived can have an impact on the perception of your house in the general marketplace. Additionally, if you are looking for a house to live in for the long term, you can start to picture what your neighbours and the people in your area live like financially.
If the proportion of deprivation of Bushey Mead is 15% and in general for the UK this figure is somewhere around 33%, you can see if this figure is something you are happy with as you search for a house to buy.
The city of Bushey Mead, 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 Bushey Mead 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 Bushey Mead. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Why you should consider the average rental yield when searching for houses for sale in Bushey Mead
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 Bushey Mead this statistic is what you were looking for.
Data should also be compared to the broader region of the UK (Greater London) alongside London 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 Bushey Mead.
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)|
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 Bushey Mead.
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 (26) will be useful.
Are there new houses being built in Bushey Mead to make it grow?
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 Bushey Mead that shows the growth in recent years.
|1 year||3 years||5 years|
|Bushey Mead growth rate||3%||14%||13%|
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 Bushey Mead is important.
Professional advice for houses for sale in Bushey Mead
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
Thinking about other cities with houses for sale?
Below are a list of towns with a similar location to Bushey Mead.
Reading these analysis will help you evaluate the different houses for sale currently listed in Greater London:
- Warlingham in Greater London
- Barnsbury in Greater London
- Acton in Greater London
- Farringdon in Greater London
- Aveley in Greater London
If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.
Choose the right house for sale that suits your needs
What parameters impact the final price of a house for sale in Bushey Mead?
Here below is our list with the most important ones:
House for sale affordability – check out the (see house affordability guide)
on the UK gov website to know more
House Location – the actual location of a house for sale drastically changes the final price of a property
Transports you can reach by foot – Commuting is part of our lives, especially in big cities, check it out before buying a house for sale.
Number of bedrooms – Usually, the bigger the house for sale the more bedrooms it will have. For example, if you are a single person (or a couple) one bedroom will do.
Energy Performance Certificate of the house for sale – Bad EPCs can result in thousands of pounds more in bills you will have to pay on an annual basis. Consider this when purchasing a new property.
Internet connection – Having a quick internet connection is fundamental nowadays. Check the area of the house for sale to understand what the average internet speed is and see if it fits your needs
Do you drive to the office? – If yes, ask about parking. Is it included in the house price?
Special areas – Start by taking a look at the National Heritage list by the UK government. If a house listed for sale appears in the list, the future landlord won’t be able to invest in changes to the real estate asset.
Houses for sale Conditions – When looking for houses for sale you should always consider the amount of time and money you will have to invest to complete the needed repairs, if any at all.