Bamber Bridge might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Lancashire.
Before looking for a house for sale in the city of Bamber Bridge we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.
In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bamber Bridge.
Asking price in Bamber Bridge for a house for sale
Average asking prices for houses for sale in Bamber Bridge
| Average asking price (1 bed) | no relevant data for this city |
| Average asking price (2 bed) | £144,435 |
| Average asking price (3 bed) | £201,294 |
| Average asking price (4 bed) | £321,557 |
| Average asking price (5 bed) | no relevant data for this city |
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 (£2,420) for houses for sale with this table to get a good idea as to whether Bamber Bridge is the right area to buy a house in for you.
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 Bamber 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 £198,824.
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 Bamber Bridge.
In general, for the city of Bamber Bridge, what are the final purchase prices for the houses for sale?
In Bamber Bridge, houses for sale are sold at an average of £161,619. 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 Bamber Bridge. 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) | £239,852 |
| Aerage sold price (semi-detached) | £148,818 |
| Aerage sold price (terraced) | £117,030 |
| Aerage sold price (flat) | £94,764 |
As you can see above, for Bamber Bridge, 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 3% where lots of movement may inflate or deflate house prices.
| Housing category | Sale price per square foot |
|---|---|
| Aerage sold price/sqft | £1,890 |
| Aerage sold price/sqft (new build) | £2,120 |
| Aerage sold price/sqft (old stock) | £1,810 |
Looking at the second table about Bamber Bridge, 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 Bamber Bridge is £2,160.
Always consider average rental yield when searching for houses for sale in Bamber 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 Bamber 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 Bamber 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 (Lancashire), a regional level (North West) and finally on the level of the city talked about in this article, Bamber Bridge.
| Average Yield | Average Asking rent | Turnover (rental) | Turnover (sale) | |
|---|---|---|---|---|
| Bamber Bridge | 4.7% | £771 | no relevant data for this city | 20.0% |
| Lancashire | 4.25% | £691 | 100.27% | 17.49% |
| North West | 4.36% | £808 | 120.36% | 20.19% |
You may also find it useful to compare the data above to the number of properties sold per month Bamber Bridge experiences. This figure for house sales per month is 37. 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.
Are there more or fewer houses being built in Bamber Bridge?
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 Bamber Bridge that shows the growth in recent years.
| 1 year | 3 years | 5 years | |
|---|---|---|---|
| Bamber Bridge growth rate | no relevant data for this city | 9% | 15% |
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 Bamber Bridge is important.
Are there any important statistics about the population of Bamber Bridge?
What salary does the community in Bamber Bridge take home?
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 (20%). 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 Bamber Bridge, this works out to be £41,000. This can be looked at alongside the average household income which is price34,000to estimate how affluent the area is.
Do the people of Bamber Bridge get to enjoy 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 Bamber Bridge, 17.4 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 Bamber Bridge.
What’s a social grade score and how does it relate to Bamber Bridge?
Most of the time, the social grade score of a city is what it takes to determine what the economic levels are like as this score refers to what type of jobs the people of the area generally work as. So, from highly skilled, managerial roles, to the manual labour workers of the UK, how does Bamber Bridge compare?
At the highest end of the scale (A) jobs that are managerial administrative or professional are all lumped into this category. On the other hand, there is the lowest grade (E) where workers who are on benefits, state pensions or work casual jobs fall into.
In Bamber Bridge, the percentage of people who work in the two highest skilled categories of this scale (A and B) is 20%.
So you can compare this data, here is the estimated grouping of the social grades of the UK for the general population. Adding the two highest categories of A and B and comparing this percentage to the high social grade score which combines A and B should give you a good comparison.
| 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 |
What’s the crime rate in Bamber Bridge?
Within Bamber Bridge, the number of people committing crimes is 91 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 91 figure carefully.
In the city of Bamber Bridge, has the population grown or shrunk?
The city of Bamber Bridge has a total population of 40,828. 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 Bamber 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 Bamber Bridge
Over time, in the last five years, the population of the city of Bamber 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 Bamber Bridge?
In the last 10 years, there has been a shift in the population of 3%.
Comparing this to the 5 year figure of Bamber 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.
Is the education level of Bamber Bridge important when buying a house?
In the city of Bamber Bridge, 23% 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 Bamber Bridge is £41,000.
This should correspond with the average percentage of people in the UK who have degrees at 22.6%.
In Bamber Bridge, what are the deprivation levels like?
The deprivation levels of the UK can vary quite a bit. High deprivation levels signal a particular area has people who are struggling to make ends meet and pay for basic living expenses. For Bamber Bridge, in particular, the deprivation levels are 22%.
This figure can be contrasted with the deprivation levels of the UK of 33% to see if the levels are below or above average.
The city of Bamber Bridge, situated in Lancashire, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Bamber Bridge and its demographics will be compared to its wider location (North West). 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 Bamber Bridge. So, taking a good look at the data is essential to understand the area you are considering to buy in.
Who can help you buy a house for sale in Bamber Bridge?
Who should you talk to while going through the process of making an offer on a house for sale?
Several experts specialise in giving advice to property investors or to first time potential buyers.
Since the process of finding the right house for sale can take months, you have all the time to consult with the experts you might need.
Find here a list of those you should contact to get professional guidance and assistance when purchasing a house for sale:
- Lender – This practitioner can lend you money to finalise a house purchase
- Insurer – Insuring companies will provide you with the insurance policy you need to protect the house for sale you want to buy
- Legal representative – This professional is usually there to handle all the legal tasks associated with purchasing a home for sale.
- Surveyor – Carries out and independent valuation on the house for sale based on its conditions. It is very useful to understand the correct price before making an offer
- Mortgage specialist – Mortgage advisors works on commissions. They will get a cut from the bank and will guide you with offering the best deals given your financial situation
- Energy assessor – We strongly suggest you to invest in a professional assessment of the Energy Performance of the house for sale you want to purchase
A house for sale appropriate to your needs
Criterias that have an impact on the actual price of a house for sale have been listed here below. Consider them all to find the perfect houses for sale in Bamber Bridge.
- Affordability – check this article from the UK government to find out (see what house for sale you can afford)
- Location – if the house for sale is in the city centre rather than further out, this may be why it is more expensive than the market average.
- Transports near the house for sale – Being able to use public transports is a huge plus for a house, especially in big cities. This will have an impact on the price as well.
- Bedrooms – the more bedrooms there are in a house for sale, the more tenants a buy to let investors will be able to host, therefore, realistically the price will also increase.
- EPC of the house for sale – today more than ever, the energy performance of properties for sale on the market should be one of the first things you check.
- Wi-Fi speed – We recommend you check the internet plans available for the areas where you are considering to buy a house for sale
- Are you a motorist? – If yes, filter out your searches and compare prices of houses for sale with parking availability. Remember, a car parking space can cost as much as £400 per month
- Conditions of the house for sale – New builds and properties that were recently built usually need little to no repairs; instead, other houses for sale may require consistent or structural maintenance. These investments that can be both expensive and laborious to complete. Before making your offer for a house for sale you should always carefully assess this criteria.
Other cities you can consider looking for with houses for sale
Below are a list of towns with a similar location to Bamber Bridge.
Reading these analysis will help you evaluate the different houses for sale currently listed in North West:
- Burn-Naze in North West
- Irlam in North West
- Bowmanstead in North West
- Newtown in North West
- Midgley in North West
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.
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