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Byfleet 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 Byfleet.
On top of this, keep reading for detailed information on the demographics of Byfleet in Surrey. This is crucial in finding houses for sale in the UK, that are worth investing in for the long term too.
On average, what is the figure for the asking price of a house for sale in Byfleet?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Byfleet determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £478,383.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Byfleet.
Average price of houses for sale in Byfleet
| Average asking price (1 bed) | £207,039 |
| Average asking price (2 bed) | £354,993 |
| Average asking price (3 bed) | £492,945 |
| Average asking price (4 bed) | £1,014,639 |
| Average asking price (5 bed) | no relevant data for this city |
After looking at this table about prices of houses for sale in Byfleet, someone who is buying a home would have a detailed understanding of what kind of house for sale is available on the market that 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 £0 will help them to have a more holistic understanding.
Always consider average rental yield when searching for houses for sale in Byfleet
Is the housing market in Byfleet growing?
The growth of an area like Byfleet 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 | |
|---|---|---|---|
| Byfleet growth rate | -3% | 12% | 17% |
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 Byfleet if you want to find out the exact reasons for the housing change.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Byfleet, currently, £0 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 and how much you can charge for rent in your ast (assured tenancy shorthold).
Finding the ideal house for sale for you
Find here below a list of criteria that we suggest you consider before looking for houses for sale in Byfleet
- 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.
In general, what do houses for sale sell for in Byfleet?
In Byfleet, the average sale price of a house for sale is in fact £434,777. This is dependent on the 10 year population growth of Byfleet being 2%. Growing populations are more likely to inflate the prices of houses for sale in the city of Byfleet.
| Housing category | Total final sale price |
|---|---|
| Aerage sold price (detached) | £752,360 |
| Aerage sold price (semi-detached) | £441,709 |
| Aerage sold price (terraced) | £388,350 |
| Aerage sold price (flat) | £258,857 |
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 Byfleet.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £4,530 |
| Aerage sold price/sqft (new build) | £5,550 |
| Aerage sold price/sqft (old stock) | £4,480 |
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 £4,530. This means if you are just looking out the houses sold in Byfleet in general and didn’t take into consideration the type of build. For example, a new build.
In Byfleet, what are the demographics like?
What is the city of Byfleet’s social grade score?
In the city of Byfleet, the social grade score of the area is 34%. But what does this exactly mean? The figure refers to the proportion of people in the two highest categories of skilled jobs.
The categories are grouped from A to E shown in the table below. Overall, a high social grade score means there are more affluent people working in managerial and professional roles in the area.
This table shows the average breakdown of the UK in terms of where most people in the UK are working so you can compare it to the social grade score of Byfleet.
| 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 |
In the city of Byfleet, is there a lot of green space?
In the city of Byfleet, there are 40 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 Byfleet is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
The city of Byfleet, situated in Surrey, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Byfleet 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 Byfleet. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In Byfleet, what are the deprivation levels like?
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Byfleet, currently, £0 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.
In Byfleet, how has the population changed?
Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Byfleet if 13236 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 Byfleet such as rental yield or house appreciation.
How has the population size of Byfleet adjusted in the last 5 years?
In the previous five years there has been a change in the number of people of Byfleet by -1%. 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 -1% 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 Byfleet?
In the last decade, the population of Byfleet has been adjusted by 2%. 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.
What salary does the community in Byfleet 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 £60,600.00.
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 Byfleet this figure is 34%.
What’s the crime rate in Byfleet?
The crime rate of Byfleet must be looked at sceptically. The reason for this is that the crime rate can vary within a city greatly and the type of crime committed can also vary too.
For example, the area has a crime rate of 9100%, but another city may have a higher crime rate but not be deemed as dangerous due to lower level crime or minor offences being committed.
Either way, high crime rates are never a good sign so consider the rate against the UK average of 79.52 for every 1000 people as a benchmark.
Lower rates could mean things like home insurance is cheaper and you have to install fewer security measures throughout your house. Saving you money in the long run. So the statistic of crime rate (9100%) is both useful and is recommended to be compared to the average.
Is the education level of Byfleet important when buying a house?
In Byfleet, the proportion of people who have a degree is 35%. 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 Byfleet is £60,600.00.
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.
Advice from experts on properties for sale in Byfleet
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 and regions in the UK
If you are looking for a list of cities that are different to the City of Byfleet and in different UK region to Greater London. You might want to consider these as alternatives for your next real estate investment:
- abbotts-ann in Greater London
- addington in Greater London
- redbridge in Greater London
- adwick-upon-dearne in Greater London
- bearpark in Greater London
Or, visit our dedicated page on the houses for sale data for the whole of the UK which will allow you to pick based on where you think you want to live or invest – houses for sale in the UK.
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