Stamford Bridge 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 Stamford Bridge.
On top of this, keep reading for detailed information on the demographics of Stamford Bridge in North Yorkshire. This is crucial in finding out if the area is worth for looking at houses for sale in the UK for an investment over the long term too.
What’s the rental yield in general for the city of Stamford Bridge?
Assuming you are not looking for a house for sale in a certain area because of private reasons such as being close to a family member or you have been relocated to a new office, these are some of the factors to consider in order to understand if an investment is worth your money.
Investors typically look at data such as the average rental yield, the average asking price of rent per month, rent turnover and sale turnover. These KPIs give property investors a solid idea of how the market is performing in that area.
For the city of Stamford Bridge, the below table demonstrates this well. To make things simple, it compares these numbers to the wider region of the UK; North East. As well as North Yorkshire, to give a smaller scale area to compare the data to.
|Average Yield||Average Asking rent||Turnover (rental)||Turnover (sale)|
|Stamford Bridge||no relevant data for this city||no relevant data for this city||no relevant data for this city||16.0%|
Assuming that in the future you want to re-sell the house you will eventually purchased in Stamford Bridge you might be interested in the number of sales per month (6) that happen in the local housing market. Comparing this figure for Stamford Bridge with the above table gives you a good understanding of the profitability of the area.
Are there more or fewer houses being built in Stamford Bridge?
Whenever you are thinking about looking for houses for sale in Stamford Bridge, think about how the city is growing and how this may impact the overall growth of the area.
Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.
|1 year||3 years||5 years|
|Stamford Bridge growth rate||-5%||1%||6%|
As the population of Stamford Bridge grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.
What kind of demographics does the city of Stamford Bridge have?
How much do people in Stamford Bridge earn?
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 (30%). 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 Stamford Bridge, this works out to be £47,600. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
How deprived is the population of Stamford Bridge?
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 Stamford Bridge is 17% 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.
Is the crime rate bad in the city of Stamford Bridge?
For the city of Stamford Bridge, crime rate is at 28. So for every 1000 people in the area, 28 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 much green space is available to residents of Stamford Bridge?
There are cities in the UK such as Edinburgh and Bristol that have a higher percentages of green space with Edinburgh being the most at 49%. The city of Stamford Bridge currently has 5.8 for every 1000 residents.
Green space helps the quality of people’s mental health as well as fight against diseases like obesity. As studies have shown that the proximity of people to green spaces in the UK has a positive impact on the physical health of people in the UK and Stamford Bridge in this case.
In Stamford Bridge, what is the 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 Stamford Bridge, the percentage of people in the two highest categories, A and B is 30%. 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 £47,600. This income will generally get bigger as the percentage of people in the A and B categories go up too (30%).
Stamford Bridge within North Yorkshire is notable for the type of people that live there. The statistics below show how this is the case.
As you read on, Stamford Bridge will be looked at by comparing it to the local region, as well as comparing it to the wider region too (North East). From what the population of the city is to how it’s growing as well as factors like the overall crime rate.
This data is impacted by the history of the area and what kind of industry there is around. All of which also impact house prices which is crucial for you to understand as you look at houses for sale in Stamford Bridge.
For the city of Stamford Bridge, what is the education level?
In Stamford Bridge, the proportion of people who have a degree is 32%. 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 Stamford Bridge is £47,600.
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.
In Stamford Bridge, how has the population changed?
The city of Stamford Bridge has a total population of 10,963. 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 Stamford 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 Stamford Bridge
Over time, in the last five years, the population of the city of Stamford 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 Stamford Bridge?
In the last 10 years, there has been a shift in the population of 4%.
Comparing this to the 5 year figure of Stamford 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.
What is the final sale price of a house in Stamford Bridge?
For the city of Stamford Bridge, the average price a house sells for is £294,141. This value usually depends on the exact location of the house within Stamford Bridge as well as other factors like the population growth in Stamford Bridge which is 4% over a ten-year period.
|Housing category||Total final sale price|
|Aerage sold price (detached)||£348,250|
|Aerage sold price (semi-detached)||£226,525|
|Aerage sold price (terraced)||£214,441|
|Aerage sold price (flat)||£173,440|
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 Stamford Bridge.
|Housing category||Sale price per square foot|
|Aerage sold price/sqft||£2,690|
|Aerage sold price/sqft (new build)||£2,660|
|Aerage sold price/sqft (old stock)||£2,570|
Generalising the bottom table, the average value per square foot of a house for sale is £2,690. This value averages all of the types of houses for sale in Stamford Bridge. 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 Stamford Bridge.
Asking price in Stamford Bridge for a house for sale
Table showing the asking prices for houses for sale in Stamford Bridge
|Average asking price (1 bed)||no relevant data for this city|
|Average asking price (2 bed)||no relevant data for this city|
|Average asking price (3 bed)||£305,797|
|Average asking price (4 bed)||£481,667|
|Average asking price (5 bed)||no relevant data for this city|
The above table is perfect for understanding the distribution of properties in the area as well as looking at this data alongside the average asking price per square foot of £0. Telling you what type of house is most in demand relative to the price of the area.
This could be due to more people looking at particular types of houses for sale over others or even due to the fact that Stamford Bridge has a lack of supply of housing in certain categories.
When investors make offers for houses for sale in Stamford Bridge, the average price asked by the homeowners works out to be £376,453.
In the table below, for all the different sizes of houses in the area, the average asking prices have been displayed. This tells you what kind of house is more or less expensive and sought after despite houses with fewer bedrooms being overall less expensive anyway.
Any house that looks like it is overpriced for the number of bedrooms it has in Stamford Bridge is typically not overpriced. It is just the case that that type of housing has a higher demand, therefore, people are willing to pay more.