Looking for your next home or investment?

We partner with the best agents to help you find your dream house. We also partner with Cozee to help you sell your property if you are moving out

Find your dream property:

See properties for sale

Sell your property with Cozee:

Get a free valuation

Our customers trust our expertise

Lea Bridge – What to look for in houses for sale?

by | Nov 15, 2022

Home $ House for sale in the UK $ Houses for sale in Greater London $ Lea Bridge – What to look for in houses for sale?

We help you find the right agent

At lofti we want to simplify your life and help you buy, sell or rent your property. We have assembled all the agent in Lea Bridge to help you find the perfect agent for you

Download the directory

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 Lea Bridge, London.

From the average asking price of houses for sale in Lea Bridge, to the growth of the population in the area, all will be talked about regarding the city of Lea Bridge. So you will get better clued up on the area, and make finding a house for sale in the UK easier.

Choose the right house for sale that suits your needs

Find here below a list of criteria that we suggest you consider before looking for houses for sale in Lea Bridge

  • 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.

Asking price in Lea Bridge for a house for sale

Average prices for the houses for sale in Lea Bridge

Average asking price (1 bed) £331,029
Average asking price (2 bed) £422,770
Average asking price (3 bed) £647,695
Average asking price (4 bed) £760,000
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, the average asking price for the house for sale in the whole of Lea Bridge is £5,850. This should show you the general prices overall and for individual types of houses too.

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 Lea Bridge 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 £477,061.

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 Lea Bridge.

Why you should consider the average rental yield when searching for houses for sale in Lea Bridge

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 Lea Bridge. 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 Lea Bridge.

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, Lea Bridge.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Lea Bridge £0 £1,610 £1 £0
London 3.96% £2,001.05 129.93% 12.05%
Greater London 0.04 1,898.58 £1 13.30%

You may also find it useful to compare the data above to the number of properties sold per month Lea Bridge experiences. This figure for house sales per month is 23. 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.

Is the housing market in Lea Bridge growing?

Before committing to Lea Bridge to make a housing investment, an investor should always ask the question, what is the growth like in the area?

So take a look below at the growth patterns of the previous years displaying the percentage of new houses being built. This will help you understand how the number of houses for sale will evolve in the future.

1 year 3 years 5 years
Lea Bridge growth rate -3% 14% 10%

Whether housing growth actually changes the price of a house depends on if the city in question is outstripping demand with the supply of new housing. You’d have to do some more research on what rate Lea Bridge is building housing to find your answer.

Other cities in different locations you can consider to buy property

Below is a list of towns that differ from Lea Bridge.
Going over these locations will help you evaluate the different houses for sale across the UK. Whether that be in the same or a very different region to Greater London:

If you are interested in other cities or even regions of the UK, please visit the following page for more information:houses for sale in the UK it contains all the data related to the houses for sale in our nation.

In Lea Bridge, what are the demographics like?

What is the social grade score of Lea Bridge?

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 Lea Bridge, the percentage of people in the two highest categories, A and B is 0.17. 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 £49,800.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (0.17).

In Lea Bridge, how educated are people in general?

The number of people as a percentage who have been through university and gained a degree is 30%. The ability to buy a home is greatly influenced by the number of people who have degrees. £49,800.00 is the amount people in Lea Bridge 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 Lea Bridge, 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 Lea Bridge, is there a lot of green space?

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 Lea Bridge, 8 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 Lea Bridge.

How much do people in Lea Bridge earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£49,800.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 0.17 for Lea Bridge.

In Lea Bridge, what is the crime rate?

For every one thousand people living in Lea Bridge, 137 commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.

It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.

Nonetheless, the crime rate of 137 is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.

Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.

Lea Bridge 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 Lea Bridge 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 Lea Bridge, 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 population of Lea Bridge?

The city of Lea Bridge has a total population of 42953. 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 Lea Bridge 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 Lea Bridge

Over time, in the last five years, the population of the city of Lea Bridge has changed by 2%. 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 2% 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 Lea Bridge?

In the last 10 years, there has been a shift in the population of 9%.

Comparing this to the 5 year figure of Lea Bridge 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.

In Lea Bridge, what are the deprivation levels like?

Deprivation levels refer to the ability of the population of the city to earn enough to keep their lifestyle going. Nationwide, it is thought that the number of people at this level or not being able to meet the costs of living is around 33%. In comparison, the deprivation level of Lea Bridge is £0.

In Lea Bridge, what do houses for sale tend to sell for?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Lea Bridge. In Lea Bridge, this sale price works out to be £456,860. As an example, a factor like population growth over the last 10 years which works out to be 9% in Lea Bridge 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) £593,276
Average sold price (terraced) £563,787
Average sold price (flat) £383,084

Above, the exact type of house is also shown to vary in price in a table in Lea Bridge. 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 £5,870
Average sold price/sqft (new build) £5,910
Average sold price/sqft (old stock) £5,750

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 Lea Bridge which is £5,860. 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.

Who can help you buy a house for sale in Lea Bridge?

In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.

The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:

  • Banks – Lend you the cash
  • Insurance companies – Insure your new real estate investment
  • Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
  • Surveyor – Carries out an independent and complete property valuation of the house for sale
  • Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
  • EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city

Frequently Asked Questions

Is it possible to renovate a property in Lea Bridge?

Every single month in Lea Bridge, there are 16 planning applications, of which nan result in a success. Look at this in terms of the population size of 42953 to work out if you think you’d have good planning success if you were to renovate.

How many property sales occur per month in Lea Bridge?

In the city of Lea Bridge, there are 23 and in the total for the UK, there are around 1.1 million property sales.

What is the population change each year in a city like Lea Bridge?

To work out how the population of Lea Bridge has changed over time, you can look at the population change over a decade which is 9% and the change in a five year period two which falls at 2%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population

prices for houses on sale in the broader vicinity of Lea Bridge?

In Lea Bridge, the mean asking price per square foot for a house is currently £5,850, based on the average value per square foot

Does opting for a house for sale in Lea Bridge come with a hefty price tag?

To work out if you are looking at an expensive property, find a house for sale and compare it to the average prices sell for. In Lea Bridge this number is £456,860 and in the average for the UK is £286,500. Also, make sure you don’t miss a crucial step by following our tutorial when buying a house

Grab the latest property news, tailored for landlords

Viral, succinct and crucial information, straight to your inbox, every week

donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *